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And the teabaggers are duped into attacking govt, rather than the real enemy, the corporations and capitalists that control govt.
But who's surprised that devotees of corporate employee/hitman/paranoid freak Glen Beck would be be stupid s?
How monopoly capitalism and globalization leads to 'too big to fail'...
....How all our Vitamin-C comes from China...How all our eyeglasses are made by One Company, all our Toothpaste (including Toms of Maine) made by two Companies...
The New Monopoly Capitalism and The Economics of Destruction.
Published: January 2010
Regular Harpers and Financial Times contributor Barry C. Lynn paints a genuinely alarming picture: most of our public debates about globalization, compe iveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy.
Cornered strips the camouflage from the secret world of twenty-first-century monopolies-neofeudalist empires whose sheer size, vast resources, and immense political power enable them to control virtually every major industry in America in an increasingly authoritarian manner. He reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their compe ion, and how they collude with one another to maintain their power and create the illusion of open, compe ive markets.
The Obama administration has promised more aggressive enforcement on an rust issues, but Lynn argues that they are missing the forest for the trees. For decades, the federal government has encouraged companies to buy one another up, outsource all their production, and make their profits by leveraging their market share. It will take more than a lawsuit or two to overthrow Americas corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens.
* Includes stories of real people and real industries that show how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of products, destabilize vital industrial and financial systems, and destroy the fabric of democracy
* Avoids the partisan cant that has poisoned virtually every important American debate in recent years
* Demonstrates how the drive for always lower prices makes your job disappear, puts your small business out of business, and turns dreams of entrepreneurial success into impossible fantasies
Lynn is one of the vital new voices of his generation, and his work has been compared already to John Kenneth Galbraith and Peter Drucker. The Washington Post called Lynn's last book -- on globalization -- Tom Friedman for grownups. Cornered is essential reading for anyone who cares about America and its future.
And the teabaggers are duped into attacking govt, rather than the real enemy, the corporations and capitalists that control govt.
But who's surprised that devotees of corporate employee/hitman/paranoid freak Glen Beck would be be stupid s?
How do you explain all the corporate failures if they control government?
Barry Lynn isn't an economist.
The claim that we're seeing a concentration of global wealth is bizarre.
It's pretty clear socialism, or better still, communism is the way to go
Maybe in re ed little black and white teabagger land, where the only alternative to mega-monopolization and corporate/capitalist power run amok, is Red China. GMAFB. Americans aren't living in a communist country, aren't about to anytime soon and if they were, they'd be crying like es, rather than sewing up a tri-corned hats to wear to their next $500 a ticket teabagging rally.It's pretty clear socialism, or better still, communism is the way to go
And STFU anyway, non American.
"explain all the corporate failures if they control government"
which mega-corps have failed? not one.
the mega-financial corps are bankrupt and were ALL bailed out by ex-banker moles working for the govt.
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