Lennon's Monopoly Capitalism

Lennon argues that free trade and market competition has developed into monopoly capitalism. A relative small group of big capitalist firms in virtually every major industry work to concentrate as much production and capital as possible by any means necessary. We see here the monopolist throttling those who do not submit to them, to their yoke, to their dictation. And then the industrial monopolies and the banking monopolies merge and give rise to what lendon calls finance capital which is capital controlled by the bank and employed by the industrialists. This gives rise to a financial oligarchy.