Chibber's attack on the very concept of hegemonic monopoly capital revealed his ignorance of the enormous growth in recent decades in the concentration and centralization of capital associated with successive merger waves, leading to the continuing augmentation of monopoly power, along with the centralization of finance. In Marxist Communist China the social imperialism is manifest.
A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to work. Establishment of industrial armies, especially for agriculture.
https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm
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