State Monopoly Capitalism


  • Wornwaluncha Rojanapol An Assistant Professor And Vice Chairman of the Faculty of Political Science Sukhothai Thammathirat Open University


Capitalism, State Monopoly Capitalism


Under changing context in Thai society, the relationship between capitals and state is a kind of relations that have dynamic changing over the times. In some periods, state has power over capitals. In some periods, capitals have power over state. In some periods, state and capitals have equal power. Nevertheless, “the power over” of capitals and a state differ up on the conditions of context and period.

State monopoly capitalism is the central organizing concept of orthodox theories of the modern state advanced in the Soviet bloc and many western communist parties. State monopoly capitalism measures and tendencies can be discerned in the two world wars and the intervening depression, but the full system was finally instituted only in the mid – fifties, responding to a further intensification of the so – called “general crisis of capitalism”.

State monopoly capitalism is a kind of the specific capital and state relations that monopoly capitalist have a power over state. Moreover, this theory is usually treated as a distinct stage of capitalism characterized by the fusion of monopoly forces with the bourgeois state to from a single mechanism of economic exploitation and political domination. Moreover it is useful to emphasis on the growth of a close, organic connection between monopoly capital and the state.


วิทยากร เชียงกูล. (2545). อธิบายศัพท์เศรษฐศาสตร์การเมือง (Dictionary of radical political economics). กรุงเทพฯ: สายธาร.

อนุสรณ์ ลิ่มมณี. (2542). “อำนาจและเครือข่ายนโยบายในสังคม,” ใน รัฐ สังคม และการเปลี่ยนแปลง: การพิจารณาในเชิงอำนาจนโยบายและเครือข่ายความสัมพันธ์. กรุงเทพฯ: โรงพิมพ์ เดือนตุลา จำกัด.

Afanasycv, L. & Andreyev, N. & Avsenev, M. (1974). The political economy of capitalism. ed. Diana Miller, trans. from the Russian. 1st ed. Moscow: Progress Publishers.

Bottomore, T. (ed.). (1983) “State monopoly capiatalism,” in A dictionary of marxist thought, Cambridge Mass: Harvard University Press.

Foster, J. B. (1989). The theory of monopoly capitalism: An elaboration of Marxian political monopoly. New York: Monthly Review Press.

Jessop, B. (1982). The capitalist state : Marxist theories and methods. Oxford: Blackwell.

Kuhne, K. (1979). Economics and Marxism volume I: The renaissance of the Marxian system. trans. Robert Shaw. 1sted. London: Macmillian Press.

Lenin, V. I. (1970). Imperialism, The highest stage of capitalism. 15thed. Moscow: Progress Publishers.

Mandel, E. (1974a). An introduction to marxist economic theory. 2nd ed. New York: Pathfinder Press.

_______. (1974b). Marxist economic theory vol 2. London: Merlin Press.

Nikitin, P. I. (1983). The fundamentals of political economy. trans. Jane Sayer. Moscow: Progress Publishers.

Rumyantsev, A. M. & Kozlov, G. A. & Vllkov, M. I. (1978). “ The development of state monopoly capitalism,” in Political Economy. trans. Yuri Sdobnikov. Moscow: Progress Publishers.

Sweezy, P. M. (1964). The theory of capitalist development : Principles of marxian political economy. New York: Monthly Review Press.

V4 of (n.d.). “Chapter 4 on the concept of state monopoly capitalism,” in Economic, politics and the age of inflation”. Accessed 11 January 2006, Available from

Verga, E. (n.d.). Twentieth Century Capitalism, London : Lawrence and Wishart.

Wilczynski, J. (1981). “state monopoly capitalism,” in An Encyclopedia Dictionary of Marxism, socialism and communism. Walter De Gruyter: Berlin and New York.






Original Article