Monopoly-Finance Capital, the Military-Industrial Complex, and the Digital Age
Foster, John Bellamy; McChesney, Robert W.
Date Written: 2014-07-01
Publisher: Monthly Review
Year Published: 2014
Resource Type: Article
Cx Number: CX16528
A massive corporate sales effort and military-industrial complex constituted the two main surplus-absorption mechanisms in the U.S. economy in the first quarter-century after the Second World War, followed by financialization after the crisis of the 1970s. Each of these means of surplus absorption were to add impetus in different ways to the communications revolution, and each necessitated new forms of surveillance and control. The result was a universalization of surveillance, associated with all three areas.