Techno-Financial Monopoly Capitalism

A term coined in my classes, for want of a better word, to refer to the ongoing phase in the evolution of global monopoly corporate capitalism that is characterized by a level of globalization unprecedented in human history—in terms of geographic magnitude and operational intensity—driven by corporate capital’s ability to harness two primary factors of production: computerized information technology (including AI), and the ability to move across national boundaries at the speed of light (literally) gargantuan self-generated financial resources that dwarf the annual national budgets of the majority of the world’s nations.