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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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-- perfecting your monopoly with new positions, raising prices to exploit them.


These practices made the land of "free-market capitalism" the land of monopoly, Lynn calling it nothing mysterious, saying:


Monopoly is just "a form of government that one group of human beings imposes on another group, (its purpose being to let) the first group....transfer wealth and power to (itself. They) organize and disorganize, to grab and smash, to rule and ruin, in ways that serve their interests only. At bottom, monopoly is merely a political tool," not because of a better product or service, but through better capitalization and political connections.


The rich "reappropriated the institution of the corporation after (early 20th century antitrust laws restrained them), regarding (them) as the 'owners' of these institutions lies at the heart of our present crisis."


Our system's single biggest problem is having ceded "almost complete power over these institutions (to) a class of people whose interests (aren't) served....by building things but by breaking" them. Capitalism lets some people "use the power in concentrated capital to harness free citizens" and crush democratic freedoms.


As a result, monopolies run America. Antitrust enforcement is null and void, and according to Lynn: "It will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens."


Getting money out of politics is key - the reality that big money dictates policy, pre-selects candidates, predetermines outcomes, gets the best democracy it can buy, assures a de facto one-party state, and a dominant media trumpeting the best of all possible worlds that's, in fact, corrupted, broken, despotic, and ruinous by benefiting the rich against the rest.


Short of sweeping fundamental change, nothing will deter corporate giants from securing total global control in a world intolerable for most, the direction we're now heading unless mass people power stops them. There's no other way! So what are we waiting for?


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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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