UNITED STATES-Restructuring American Capitalism

UNITED STATES Restructuring American Capitalism Richard Krooth SINCE about 1971 US capitalism has been in the process of restructuring to deal with the new realities of forced distribution of its previous powers in the economic and financial realm. The sphere of control over finance capital has merged with and become almost indistinguishable from that of production, and both have become enmeshed with lhe sphere of control over the circulation of commodities, services and finance itself. This passage from the mere monopoly stage to one of finance monopoly has been forwarded by the decomposition of the old forms of control over capital and the recomposi- tion of these by assimilation under the aegis of new control centres.