Overview

In Monopoly Capitalism: The Corporate Takeover of Government and Its Toll on Democracy, Rawle Oliver King presents a compelling interdisciplinary critique of the deep entrenchment of corporate power within American government structures. Drawing on foundational theories from Paul Baran and Paul Sweezy, King examines how a mature capitalist economy has transitioned from market regulation to capital accumulation, often to the detriment of the public. With over 30 years of experience as an economic policy analyst and regulatory economist-28 of which were spent at the Congressional Research Service, Library of Congress-King writes with authority, clarity, and insight. His professional background includes having managed significant advisory and regulatory reforms across national crises, including the 2008 financial collapse and the COVID-19 pandemic's financial and housing fallout. His work has influenced congressional efforts tied to the National Flood Insurance Program, the Federal Crop Insurance Program, and Disaster Risk Financing including long-term global flood insurance models. This extensive body of work in Monopoly Capitalism sheds sharp analysis and various spectra, including deregulation, financialization, environmental degradation, and democratic erosion. The book pierces deeply into how corporate dominance distorts public purpose, disfigures fairness, and reshapes democracy into economic oligarchy. King's examination of financial capitalism and the commodification of government reveals how markets continue to seize control of social welfare obligations and basic rights. More than an argument, this book serves as a powerful call to reclaim the public good. Essential for scholars, political analysts, policymakers, and critically minded citizens, Monopoly Capital(ism) dissects the governing realities of late-stage capitalism and its corporate influence transforming governance beyond profit.

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