ABSTRACT
In this chapter I continue to explore my central finding of 2010 that for a range of economic elites in major global corporations, credit rating agencies and investment institutions, 21st century capitalism has ceased to be competitive. Moreover and more importantly for these elites, 21st century capitalism does not fall under the terms of the competitive/monopoly opposition as set out by classical and Marxist economic theory. From their perspective, transformational events in the 1970s yielded a third dynamic structure, a third type of capitalism that I have called ‘non-competitive market capitalism’.
