In the phase of runaway “financialization”, American capitalists treat the economy, and the people who depend on it, as mere pieces in their own private game, a rigged game in which they also control practically all the chips. This is a form of extreme “socialism for the rich,” with the big wins going to the top 0.0001% manipulatng the markets, while ordinary citizens absorb all the risk and certainly all the losses.
David William Pear is a Senior Editor for OpEdNews.com, and a Senior Contributing Editor for The Greanville Post. David is a journalist, columnist, and commentator for TV and radio. His articles, essays and interviews have an emphasis on (more...)