They penetrate foreign markets and plunder the natural resources of developing countries. They also attempt to dominate other countries politically and to a degree militarily. Economic Crisis Monopoly capitalism is a system of economic anarchy and crisis. Monopoly capitalism is plagued by periodic economic crises, such as recessions, which are becoming more serious and complex. It is the very nature of each monopoly to try to maximise its profits by pushing production and cutting expenses, especially the pay of workers.
Prices tend to go up and wages down.
The result is that monopolies find they cannot sell all they have produced, and they lay off workers. Economic crises are aggravated by speculation, hoarding and other schemes of the bankers, financiers and industrialists. Each tries to profit in the short run, but their individual greed eventually throws the whole system into turmoil, leading the working class and people to suffer. This anarchic system wastes a great deal of social wealth. Millions of dollars are spent on corporate takeovers and legal fees.