Visions of stagnation and maldistribution: monopoly capital, ‘white monopoly capital’ and new challenges to the South African Left

Adam Aboobaker

Review of African Political Economy, 2019, vol. 46, issue 161, 515-523

Abstract: The term ‘white monopoly capital’ (WMC) has featured prominently in South Africa's recent popular economic discourse. Situating this rhetorical turn within discussion over the broader monopoly capital tradition, this piece argues for a need to move beyond the term considering problems with the idea that a concentrated market structure is driving stagnation and inequality in South Africa, but also because this conspiratorial language is harmful to South Africa’s political discourse.

Date: 2019
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DOI: 10.1080/03056244.2019.1640193

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Review of African Political Economy is currently edited by Graham Harrison, Branwen Gruffydd Jones, Claire Mercer, Nicolas Pons-Vignon, Aurelia Segatti and Ray Bush

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