Monopolistic Capitalism of State

See also: CME

The monopolistic capitalism of State (CME) is a stage of the development of capitalism analyzed and explained in a way different from that of Lénine, by developing differently the theory of Marx, by a theory Marxiste of the Capitalisme, worked out by Paul Boccara, in particular in Étude on the monopolistic capitalism of State, its crisis and its exit .

The CME corresponds at the stage established after the second world war, characterized by the importance of the public sectors of financing, production and consumption. It is characterized by " devalorizations structural of the capital" , i.e. funds not claiming normal valorization by the rate of profit, but a reduced tax, no one, even negative with losses, in order to support accumulation in the company and the profitability of capital monopolistic private, following the durable suraccumulation of the crisis structural of the inter-war period.

It is characterized by a control of the economic life by the State and some large Multinationale S, an important surge of public funds towards those by the intermediary inter alia public orders (in particular of armament), and a under-profitability of the state enterprises which makes it possible to divert a share of the profits towards the private companies, thus compensating for the “trend fall of the rate of profit or more exactly the suraccumulation (excess of accumulation compared to the possible profit slowing down the growth and developing unemployment. It leads, after a quarter century of expansion, to a new durable suraccumulation and a new systemic crisis which appears dice end of the year sixty in the world capitalism, with the crisis of the monopolistic capitalism of State (assembled gradual of unemployment, financial accumulation, privatizations and mondialized liberalism”. Louis Althusser qualified the " monopolistic capitalism of État" of " point zero of the theory marxiste" (paid in Le Monde, edition of July 25th, 2007).

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