Michael Roberts: Capitalism without capital – or capital without capitalism?

The control of intangibles by a small number of mega companies could well be weakening the ability to find new ideas and develop them. Monopolies on intellectual property is not only damaging for the economy, but for most of humanity. According to Roberts: “Production of knowledge is directed towards profit. Medical research, for example, is directed towards developing medicines to treat disease, not preventing disease, agricultural research is directed to developing plant types which capital can own and control, rather than relieving starvation.”

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