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Jim Crow: The Sequel
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<blockquote data-quote="rickyb" data-source="post: 4822184" data-attributes="member: 56035"><p>i find that hard to believe that russian didnt have any trade under their version of communism. they were also a superpower despite them calling htemselves communists for moral sympathies, much like china is.</p><p></p><p></p><p>"This utopian vision of the market, of course, bears no relationship to its reality. <strong>Capitalists hate free markets</strong>. They seek to control markets through mergers and acquisitions, buying out the competition. They saturate the culture with advertising to manipulate public tastes and consumption. They engage in price fixing. They build unassailable monopolies. They carry out schemes, without checks or oversight, of wild speculation, predation, fraud and theft. They enrich themselves through stock buybacks, Ponzi schemes, structured asset destruction through inflation, asset stripping and the imposition of crippling debt peonage on the public. In the United States, they saturate the electoral process with money, buying the allegiance of elected officials from the two ruling parties to legislate tax boycotts, demolish regulations and further consolidate their wealth and power.</p><p></p><p></p><p>These corporate capitalists spend hundreds of millions of dollars to fund organizations such as Business Roundtable and the Chamber of Commerce and think tanks such as The Heritage Foundation to sell the ideology to the public. They lavish universities with donations, as long as the universities pay fealty to the ruling ideology. They use their influence and wealth, as well as their ownership of media platforms, to transform the press into their mouthpiece. And they silence heretics or make it hard for them to find employment. Soaring stock values, rather than production, become the new measure of the economy. Everything is financialized and commodified.</p><p></p><p>...Unfettered capitalism, as Karl Marx pointed out, destroys the so-called free market. It is hostile to the values and traditions of a capitalist democracy. Capitalism's final stage, Marx wrote, is marked by the pillage of the systems and structures that make capitalism possible. It is not capitalism at all. "</p><p></p><p>[URL unfurl="true"]https://www.salon.com/2020/01/31/the-disaster-of-utopian-engineering_partner/[/URL]</p></blockquote><p></p>
[QUOTE="rickyb, post: 4822184, member: 56035"] i find that hard to believe that russian didnt have any trade under their version of communism. they were also a superpower despite them calling htemselves communists for moral sympathies, much like china is. "This utopian vision of the market, of course, bears no relationship to its reality. [B]Capitalists hate free markets[/B]. They seek to control markets through mergers and acquisitions, buying out the competition. They saturate the culture with advertising to manipulate public tastes and consumption. They engage in price fixing. They build unassailable monopolies. They carry out schemes, without checks or oversight, of wild speculation, predation, fraud and theft. They enrich themselves through stock buybacks, Ponzi schemes, structured asset destruction through inflation, asset stripping and the imposition of crippling debt peonage on the public. In the United States, they saturate the electoral process with money, buying the allegiance of elected officials from the two ruling parties to legislate tax boycotts, demolish regulations and further consolidate their wealth and power. These corporate capitalists spend hundreds of millions of dollars to fund organizations such as Business Roundtable and the Chamber of Commerce and think tanks such as The Heritage Foundation to sell the ideology to the public. They lavish universities with donations, as long as the universities pay fealty to the ruling ideology. They use their influence and wealth, as well as their ownership of media platforms, to transform the press into their mouthpiece. And they silence heretics or make it hard for them to find employment. Soaring stock values, rather than production, become the new measure of the economy. Everything is financialized and commodified. ...Unfettered capitalism, as Karl Marx pointed out, destroys the so-called free market. It is hostile to the values and traditions of a capitalist democracy. Capitalism's final stage, Marx wrote, is marked by the pillage of the systems and structures that make capitalism possible. It is not capitalism at all. " [URL unfurl="true"]https://www.salon.com/2020/01/31/the-disaster-of-utopian-engineering_partner/[/URL] [/QUOTE]
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