From Monopoly Capitalism to Monopsony Capitalism: Is There Any Hope For Workers? (Dr. Ashok Kumar)

We speak to Dr. Ashok Kumar, author of ‘Monopsony Capitalism: Power and Production in the Twilight of the Sweatshop Age'. He discusses what monopsony capitalism is and why we are currently living in it, how suppliers big clothing brands like Nike and Adidas have traditionally dominated markets by having a large amount of suppliers, how markets are evolving to have fewer suppliers which could benefit workers, labour action and strikes in China against poor working conditions and low wages and how strikes and labour organisation in South East Asia is spreading among sweatshop and factory workers, examples of successes for labour in collective bargaining in the changing market such as in Honduras and more!