TO SEE how contemporary monopoly capitalism goes about its business, consider the giant Tata conglomerate.The Indian-based company owns JLR cars as well as Tata Steel in Britain, not to forget Tetley tea. Its main business, however, seems to be wringing cash out of the taxpayer.It secured £500 million from the government to keep the huge Port Talbot steelworks in south Wales open, although this did not save primary steelmaking or 2,800 jobs on the site.

TO SEE how contemporary monopoly capitalism goes about its business, consider the giant Tata conglomerate.

The Indian-based company owns JLR cars as well as Tata Steel in Britain, not to forget Tetley tea. Its main business, however, seems to be wringing cash out of the taxpayer.

It secured £500 million from the government to keep the huge Port Talbot steelworks in south Wales open, although this did not save primary steelmaking or 2,800 jobs on the site.

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