Money is diverted from the expansion of production and social services into speculative frenzies. Useful products and crops are routinely destroyed to keep prices and profits high. Massive industrial plants sit idle as the monopolists decide they can make money in other ventures. Thousands of people and small businesses are uprooted from one community to another as plants close in one area and open in another. Major advances in public transport are blocked by companies with investments in cars and roads.
Monopoly capitalism is an obstacle to the further advancement of the material well-being of society.
It is unjust, wasteful, irrational and increasingly unproductive. Aotearoa is presently in the throws of a long economic crisis. There has been a serious balance of payments deficit since 1974, high inflation, low growth and the persistence of large scale unemployment. Real wages remain at the level of the mid 1970s. In the face of economic crisis, monopoly capitalism has always tried to put the burden of the crisis onto the shoulders of working people.