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blue bits. red rocks.
Thursday 4 March 2010

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. Barry C. Lynn’s “Cornered: The New Monopoly Capitalism and Economics of Destruction”

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