Today’s article is a must read for those who espouse a free-market society. It exposes the many levels of cronyism and verbal contractural agreements that foment an insidious form of monopolization.
Because of the close relationship between Washington, Wall Street and corporate moguls, the hope of seeing much done about this is slim. But awareness provides impetus for action. Perhaps, if enough become aware, action may eventually win out.
Americans are too comfortable with their easy consumerism to do much about it today, though. Until they are willing to listen, educate themselves, and teach following generations, the majority of U.S. citizens will spiral into greater serfdom. It is our goal to help Regular Joes avoid this freedom-sucking vortex.
Creeping Fascism, Part One: Return of the Company Town
by John Rubino
The US government’s obliteration of the Bill of Rights via the Patriot Act, the recent defense bill that allows the military to detain citizens indefinitely without trial, the health care law that forces citizens to buy insurance, and the attempted takeover of the Internet through SOPA and PIPA has gotten a lot of attention lately, and in a few rare cases has generated some effective push-back.
But according to an article in this month’s Harper’s Magazine (Killing the competition: How the new monopolies are destroying open markets, by Barry C. Lynn), US corporations are evolving into forms that are more threatening to their victims than anything emanating from Washington. As the author characterizes it, a new generation of monopolists are imposing their own private governments on their industries — and not always the industries one would expect. This long, detailed article should be read by anyone with a desire to understand how the US is evolving. Here I’ll highlight a few excerpts to summarize the major plot points: