Argument
Big business can maintain selling prices at high levels while still competing to cut costs, advertise and market their products. The economic surpluses which result cannot be absorbed through consumers spending more. The concentration of the surplus in the hands of the business elite must therefore be geared towards imperialistic and militaristic government tendencies, which is the easiest and surest way to utilise surplus productive capacity.
Exploitation focuses on low wage workers and groups at home, especially minorities. Average earners see the pressures in drive for production destroy their human relationships, leading to wider alienation and hostility. The whole system is largely irrational, since though individuals may make rational decisions, the ultimate systemic goals are not. The system continues to function so long as Keynesian full employment policies are pursued, but there is the continued threat to stability from less-developed countries, throwing off the restraints of neo-colonial domination.
Read more about this topic: Monopoly Capital
Famous quotes containing the word argument:
“Your views are now my own.”
—Marvin Cohen, U.S. author and humorist.
In conversation, after having taken a strong position in an argument and heard a complete refutation of his position.
“This is no argument against teaching manners to the young. On the contrary, it is a fine old tradition that ought to be resurrected from its current mothballs and put to work...In fact, children are much more comfortable when they know the guide rules for handling the social amenities. It’s no more fun for a child to be introduced to a strange adult and have no idea what to say or do than it is for a grownup to go to a formal dinner and have no idea what fork to use.”
—Leontine Young (20th century)
“My argument is that War makes rattling good history; but Peace is poor reading.”
—Thomas Hardy (1840–1928)