Study on the New Change of the Basic Economic Characteristics of Contemporary Monopoly Capitalism

Lenin comprehensively studied the basic economic characteristics of private monopolycapitalism in the late19th and early20th century, revealed the objective law of economicmovement of the monopoly capitalism, and created the theory of monopoly capitalism. AfterLenin, especially after the Second World War to the early21st century, with the in-depthdevelopment of scientific and technological progress and economic globalization, newchanges have taken place in the basic economic characteristics of monopoly capitalism,domestic and foreign scholars pay more attention to the study of new change, put forward avariety of theoretical perspectives. This paper bases on Lenin’s economic theory of monopolycapitalism, combs the researches of contemporary monopoly capitalism economy, summarizesthe new economic characteristics of contemporary monopoly capitalism, analyzes the causesof these new changes, reveals the development prospect of contemporary monopolycapitalism economy.First, the paper explains Lenin’s five basic economic characteristics of monopolycapitalism in the late19th and early20th century, today, it still has important value on guidingthe further development of contemporary capitalist economy, revealing the capitalist politicaland economy imbalance regularity and correctly treating imperialist history status and destiny.Secondly, point out the new technology revolution and economic globalization changed themonopoly capitalist countries’ economy, politics and social life, the basic economiccharacteristics of contemporary monopoly capitalism had the new change: the production andcapital internationalization degree enhances unceasingly, the global oligopoly market formed;financial capital virtualization degree enhances unceasingly, profoundly influences the worldentity economy operation; multinational company rapidly develops as an important means ofinternational direct investment; the forms of international monopoly capital alliance becomemore advanced and complex; American economic and political hegemony and the emergingmarket economy countries are rapidly developing. The reason for these changes mainly lie inthe new technology revolution promotes the accelerated development of contemporarycapitalism social productivity, capitalist countries do a self-adjustment to adapt productivitychanges and the industrialization of emerging market economies develops quickly, especially the existence and development of the national socialist system,these together promote thedevelopment of capitalism. The last forecasts the development prospects of the contemporarymonopoly capitalism. Capitalism social productivity happens a qualitative leap, socialrelations carries on the new adjustment, and the basic force of reforming capitalistsystem(proletariat) is still weak, monopoly capitalism economy still has a certain living space;however, as long as the nature of capitalist private ownership hasn’t changed, unbalanceddevelopment of monopoly capitalism economy can aggravate, eventually socialism mustreplace capitalism one day.