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Tag Archives: Cartels
The Illusion of Getting Rich While Producing Nothing
By Charles Hugh Smith Source: Of Two Minds Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. The key characteristic … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, Economic Collapse, Economics, financial crisis, Late Stage Capitalism, Monopoly, overspeculation, speculative wealth
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Why Don’t Billionaires Pay the Same High Tax Rates the Rest of Us Pay?
By Charles Hugh Smith Source: Of Two Minds The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing. As with everything else in polarized America, billionaires proclaiming space … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Billionaires, Cartels, economic inequality, Economics, elites, financial crisis, Jeff Bezos, Medicare, Monopolies, Neoliberalism, Oligarchy, Plutocracy, Social Security, Tax Havens, Taxes
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Sacrifice for Thee But None For Me
By Charles Hugh Smith Source: Of Two Minds The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can … Continue reading
Posted in Authoritarianism, Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Empire, Financial Crisis, Labor, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, economic crisis, Economics, elites, empire, Federal Reserve, Financial Colllapse, Financialization, Globalization, Job security, Middle Class, Monopolies, Oligarchy, purchasing power, Roman Empire, Sacrifice, social mobility
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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008
By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, news, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, central banks, coronavirus, Covid-19, Debt, Dystopia, Economic Collapse, economic inequality, Economics, financial crisis, Financialization, Globalization, Great Depression, Monopolies, Neofeudalism, Oligarchy, overvalued stock valuations, Pandemic, stock buybacks, Wage Stagnation, wall street
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Costs Are Spiraling Out of Control
By Charles Hugh Smith Source: Of Two Minds And how do we pay for these spiraling out of control costs? By borrowing more, of course. If we had to choose one “big picture” reason why the vast majority of households … Continue reading
Posted in Corporate Crime, Corruption, culture, Economics, education, elites, Financial Crisis, Health, Inequality, Labor, Social Control, Social Engineering, society, Sociology, Work
Tagged anti-trust, asset inflation, Cartels, central banks, Debt, Economic Collapse, Economics, Education, financial crisis, healthcare, Housing, Housing Bubble, Labor, Monopolies, Student loan debt, Wage Stagnation, Wages, Work
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Corporate America Is an Anti-Social Black Plague: Negative Network Effects Run Amok
By Charles Hugh Smith Source: Of Two Minds The anti-social carnage unleashed by Corporate America’s “lock-in” / negative network effects has no real limits. Here’s the U.S.economy in a nutshell: Corporate America is an anti-social Black Plague, gorging on cartel-monopoly … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Law, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy, Technology
Tagged big data, Boeing, Cartels, Corporate America, Corporate Crime, corporate sociopaths, Economic Collapse, Economics, elites, Facebook, financial crisis, Google, Monopoly, negative network effects, Network Effect, Oligarchy, Opioid Epidemic, Plutocracy, Simons Chase, social capital, social order, State Crime
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Prices, plutocrats, and corporate concentration
Would less corporate concentration – and a weaker corporate capacity to raise prices – mean less inequality? By Sam Pizzigati Source: Nation of Change Andrew Leigh, a member of the Australian parliament, has a side gig. He just happens to … Continue reading
Posted in Corporate Crime, corporate news, culture, Economics, elites, Financial Crisis, Inequality, Labor, Law, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, Work
Tagged Andrew Leigh, antitrust, Cartels, Corporate Concentration, economic inequality, Economics, elites, financial crisis, Income Inequality, Monopolies, Neoliberalism, Oligarchy, Pay Ratio, Plutocracy, Wealth Concentration, Wealth Disparity
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“It’s Crucial to Break Up Facebook”
By Asher Schechter Source: ProMarket Four decades ago, writes Tim Wu in the introduction to his recent book The Curse of Bigness, the United States and other countries entered into a sweeping experiment that radically transformed their economies and politics. … Continue reading
Posted in Authoritarianism, Corporate Crime, culture, Economics, elites, Financial Crisis, Neoliberalism, Oligarchy, society
Tagged antitrust, Cartels, Corporate Globalization, economic inequality, Economics, fascism, Free Market, Gilded Age, Louis Brandeis, Monopolies, Oligarchy, Plutocracy, The Curse of Bigness, Tim Wu, wall street, Wealth Concentration
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Desultory Heroics 