The functioning of the capitalist mode of production has not remained the same since its inception. Leaving out manufacturing capitalism, which spans the Sixteenth, Seventeenth and Eighteenth Centuries, one can distinguish two phases in the history of industrial capitalism proper: – the phase of free competition, from the Industrial Revolution (c. 1760) up until the … Continue reading Chapter 6 –  Monopoly Capitalism [From Class Society to Communism]