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Miller concludes, “The best way to get astronomically rich in America is to acquire monopoly power to extract wealth from workers, consumers, entrepreneurs, small businesses, and, through tax breaks, subsidies, and contracts, our government itself. Monopolies are powerful generators of the inequality that progressives decry.” The chief weakness of capitalism under bourgeois liberalism is government capture, e. g., through legalized bribery (lobbying and campaign finance) and the revolving door. The ultimate reason that republics are subject to capture by special interests is class power. This version of oligarchy is the liberal side of feudal aristocracy resulting from the 18th century Enlightenment out of which bourgeois liberalism grew. CounterpunchThe Triumph of Monopoly Capitalism is
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Miller concludes, “The best way to get astronomically rich in America is to acquire monopoly power to extract wealth from workers, consumers, entrepreneurs, small businesses, and, through tax breaks, subsidies, and contracts, our government itself. Monopolies are powerful generators of the inequality that progressives decry.” The chief weakness of capitalism under bourgeois liberalism is government capture, e. g., through legalized bribery (lobbying and campaign finance) and the revolving door. The ultimate reason that republics are subject to capture by special interests is class power. This version of oligarchy is the liberal side of feudal aristocracy resulting from the 18th century Enlightenment out of which bourgeois liberalism grew. CounterpunchThe Triumph of Monopoly Capitalism is
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Miller concludes, “The best way to get astronomically rich in America is to acquire monopoly power to extract wealth from workers, consumers, entrepreneurs, small businesses, and, through tax breaks, subsidies, and contracts, our government itself. Monopolies are powerful generators of the inequality that progressives decry.”The chief weakness of capitalism under bourgeois liberalism is government capture, e. g., through legalized bribery (lobbying and campaign finance) and the revolving door. The ultimate reason that republics are subject to capture by special interests is class power. This version of oligarchy is the liberal side of feudal aristocracy resulting from the 18th century Enlightenment out of which bourgeois liberalism grew.
Counterpunch
The Triumph of Monopoly Capitalism is Hurting American Workers’ Life Expectancy
John Buell