monopoly-capitalist

Updated: May 14, 2025

European banks and business houses dominated planetary financing, insuring and investing. Viewed from outside, the ascendancy of Europe seemed to be complete. Europe held the strategic strong points: productivity, wealth, the means of transportation, mobile fire-power. By the end of the nineteenth century Europe was the monopoly-capitalist motherland.

Scott Nearing - Civilization and Beyond: Learning from History