• Capitalism can be understood as a system of monopoly, with rich countries in the global north dominating key industries in the world economy.
  • Intellectual property rights, enforced through mechanisms such as the World Trade Organization trade rules, prevent global south countries from entering monopolized industries.
  • This 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.
  • Apple'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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