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Barry C. Lynn's "Cornered: The New Monopoly Capitalism and Economics of Destruction"

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Barry C. Lynn's "Cornered: The New Monopoly Capitalism and the Economics of Destruction" - by Stephen Lendman

Lynn is director of the Markets, Enterprise, and Resiliency Initiative, a senior fellow at the New America Foundation, and author of "Too Big to Fail" about the dangers of monopoly capitalism.

He expands on the threat in his newest book titled, "Cornered: The New Monopoly Capitalism and the Economics of Destruction," explaining today's peril given the power of predatory giants.

They control governments, the courts, war and peace, dominant information sources, and essential services, including health care, air and water, what we eat and drink, where we live, what we wear, and school curricula to the highest levels. They own genetic code patents, basic human life elements to be commodified the same as toothpaste, tomatoes or toilet paper.

Omnipotent, they plunder recklessly, ruthlessly at our expense. They're private tryannies, endangering humanity, basic freedoms, environmental sustainability, and planetary survival. Without exaggeration, they're unaccountable, unchecked "weapons of mass destruction."

In "Cornered," Lynn explains the danger and urgency to address it. Our lives and futures depend on it.

It might have been different had Thomas Jefferson and James Madison prevailed over John Adams and Alexander Hamilton in crafting America's Bill of Rights. They wanted 12, not 10, including "freedom from a permanent military (and) monopolies in commerce."

Imagine the possibilities had they prevailed, or if early leaders agreed with Jefferson in 1816, seven years after his presidency, saying in a letter to a friend:

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"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country."

Earlier, he opposed chartering the first Bank of the United States, a 19th century version of today's central bank, what Andrew Jackson called a "hydra-headed monster," and Lincoln described as predatory money powers "more despotic than a monarch, more insolent than autocracy and more selfish than a bureaucracy." He feared they'd accumulate enough wealth and power to destroy the Republic, similar to former Supreme Court Justice Louis D. Brandeis' view saying, "We can have democracy in this country, or we can have great wealth concentrated in the hands of the few, but we can't have both."

Others call it fascism or a reasonable facsimile with elements including:

-- the despotic union of corporate and state power - aka corporatism;

-- rampant corruption;

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-- the disdain for human rights, civil liberties, and ordinary workers;

-- the dominance of militarism, belligerency, and permanent wars;

-- fraudulent elections;

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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