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

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  • Adam Aboobaker

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.

Suggested Citation

  • Adam Aboobaker, 2019. "Visions of stagnation and maldistribution: monopoly capital, ‘white monopoly capital’ and new challenges to the South African Left," Review of African Political Economy, Taylor & Francis Journals, vol. 46(161), pages 515-523, July.
    • Handle: RePEc:taf:revape:v:46:y:2019:i:161:p:515-523
    DOI: 10.1080/03056244.2019.1640193
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    Cited by:

    1. Adam Aboobaker, 2022. "Macroeconomic Determinants of South Africa's Post-Apartheid Income Distribution," World Inequality Lab Working Papers halshs-03693225, HAL.

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