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OpEdNews Op Eds    H3'ed 3/4/10

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

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-- an obsession with national security;


-- the control of public information; and


-- the omnipotence of corporate giants, taking full advantage to pillage and profiteer.


Lynn's book tells why, beginning in his preface titled, "Of Rule and Ruin," saying he warned about monopolization dangers because:


"our political economy is run by a compact elite that is able to fuse the power of our public government with the power of private corporate governments in ways that enable members of the elite (to freely decide) who wins, who loses, and who pays."


His book is "a chronicle of a death foretold, and the corpse on the street (is) the American Republic." Consolidated corporate power and the political complicity behind it means monopolists run the country and the world, justifying it as free-market fundamentalism - a corrupted deception masking predatory dominance that destroys democratic freedoms.


Ronald Reagan accelerated it when government stopped enforcing antitrust laws, and encouraged consolidation, production outsourcing, destruction of America's manufacturing base, the offshoring of high-paying jobs, financialization's ascendency and power of Wall Street, and the ability of corporate predators to break the law and get away with it, today more than ever under Obama.


Lynn calls his book "a sort of tour of monopoly in all its many guises, in the United States today....how monopolists rip us off as consumers, raising the prices we must pay" for everything including essentials becoming more unaffordable. He covers new monopoly forms and others thought long ago vanished. Understanding them is key to knowing the dangers, from phenomena including:


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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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