37468679 Baran Sweezy Monopoly Capital an Essay on the American Economic and Social Order OCR

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    ãã -73 . . % ã · MODERN   R f DER   · MONOPOLY C PIT L n Essay o the merican Economic and Social Order P UL A BARAN and P UL M. SWEEZY MODERN RE DER P PERB CKS -_..., NEW YORK ND LONDON  Copyright 1966 by Paul M. Sweezy All Rights Reserved Library of Congress Catalog Card Number: 65-15269 First Modem Reader Paperback Edition 1968 Seventh Printing Monthly Review Press 116 West 14th Street New York N Y 10011 33 37 Moreland Street London E.C. I Manufactured n the United States of America For he    PREFACE Early in 1962 Robert F. Kennedy, then Attorney General n his brother s administration, traveled around the world as a sort of good-will ambassador of the United States. On his return he addressed the annual luncheon of the Associated Press. In his talk, printed in the ew York Times of April 24th, he related the following incident: I was introduced in Indonesia to another large student body and a boy at the end of my speech got up and asked a question. In the course of this question he described the United States as a system of monopolistic capitalism. And when he said that expression, half the student body applauded. o I said, Well now, I d like to find out. I am a representative of the United States here. What is it that you mean by monopolistic capitalism. What is it that defines that description in the United States? You said it in a derogatory sense. What is it that meets the description in the United States? What do you mean by monopolistic capitalism? And he had no answer. And I said, Well now, anybody who clapped, anybody who applauded when this gentleman used that expression what is it that you understand by monopolistic capitalism? And not one of them would come forward. If Kennedy thought that the refusal of his audience to debate the subject of monopoly capitalism indicated a lack of knowledge, he was surely very much mistaken. Indonesian students, like their counterparts in the underdeveloped countries all over the world, know a great deal about monopoly capitalism, having seen its ugliest face and suffered the consequences of its global policies in their own lives. But it is hardly surprising if they feel that it is too serious a subject for glib definitions or clever debating points. Kennedy s questions remain, however, and we may pay him ~h compliment of assuming that they reflect a state of genuine ignorance which is shared by most of his countrymen. This book
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