Thursday, November 03, 2011

Corporatocracy

There isn't a Doctor Evil plotting world domination in some remote bunker. No, it's done at Davos and Jackson Hole and the Bohemian Grove, whenever the rich and powerful get together over cocktails. They know each other, they do deals, they share interests and goals. They own us. Now there's science to prove it.

Do you think these very well organized corporations don't know how to rig wages worldwide?

Do you wonder if, maybe, they collude to profit from shortages and panics? If they profit from them, do you think they might be tempted to cause them?

Ever suspected that drug companies might actually conspire to cause shortages to keep drug prices high? How clever. (They're so carefully protected by the Republicans that Obama has had to use executive orders to fix the problem.)

Did you realize these very rich corporations also know how to avoid taxes? They're actually pretty good at it.

The word for this kind of dominance is "oligopoly". It's the opposite of a free market and very anti-democratic.

This is what the 99% are angry about. Too big to fail is too big altogether. It makes the world economy unstable and unworkable.

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