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Episode 186: Nativism in Media (Part III) - IMF, NAFTA and Global Inequality By Design

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Capitalism as a System of Monopoly and Intellectual Property Rights

Capitalism can be understood as a system of monopoly, with rich countries in the global north dominating key industries in the world economy./nIntellectual property rights, enforced through mechanisms such as the World Trade Organization trade rules, prevent global south countries from entering monopolized industries./nThis monopoly power allows corporations in the global north to charge higher prices for their exports while forcing down the prices of imports from the global south./nApple's dominant position in the world market enables them to force down the prices of goods produced by Foxconn, leading to inadequate remuneration for China's labor and resources.

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