this post was submitted on 09 Nov 2024
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Well, the rise of the megacorps came after The War Against Terror (TWAT) but we don't really like to recall such vulgar beginnings.
The rise of the megacorps was in the late 19th century as imperialism, otherwise known as “monopoly capitalism” or the Highest Stage of Capitalism.
The stage we’re in now is a further advancement known as neocolonialism, which began in the mid-20th century. You might say that neoliberalism and the rise of neoclassical economic hegemony are closely related to neocolonialism.