Movistar Team (men's team) Movistar Team (men's team) Movistar Team () is a professional road bicycle racing team which participates at UCI WorldTeam level and has achieved thirteen general classification (GC) victories in Grand Tours. The title sponsor is the Spanish mobile telephone company Telefónica, with the team riding under the name of the company's brand "Movistar". The team was formed as "Reynolds", led by Ángel Arroyo and later by Pedro Delgado, who won a Tour de France and a Vuelta a España, and was subsequently sponsored by "Banesto", under which name the team included 5-time Tour de France winner Miguel Indurain and Alex
State monopoly capitalism State monopoly capitalism The theory of state monopoly capitalism (also referred as stamocap) was initially a Marxist doctrine popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into "monopoly capitalism", but he did not publish any extensive theory about the topic. The term refers to an environment where the state intervenes in the economy to protect larger monopolistic or oligopolistic businesses from threats. As conceived by Lenin in his pamphlet of the same name the theory aims to describe the "final historical stage" of capitalism, of which he believed the Imperialism