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Corporatism Is Not Capitalism: 7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know

Right now, there is a lot of talk about the evils of “capitalism”.  But it is not really accurate to say that we live in a capitalist system.  Rather, what we have in the United States today, and what most of the world is living under, is much more accurately described as “corporatism”.  Under corporatism, most wealth and power is concentrated in the hands of giant corporations and big government is used as a tool by these corporations to consolidate wealth and power even further.  In a corporatist system, the wealth and power of individuals and small businesses is dwarfed by the overwhelming dominance of the corporations.  Eventually, the corporations end up owning almost everything and they end up dominating nearly every aspect of society.  As you will see below, this very accurately describes the United States of America today.  Corporatism is killing this country, and it is not what our founding fathers intended.

The following is the definition of “corporatism” from the Merriam-Webster dictionary….

the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction

Corporatism is actually not too different from socialism or communism.  They are all “collectivist” economic systems.  Under corporatism, wealth and power are even more highly concentrated than they are under socialism or communism, and the truth is that none of them are “egalitarian” economic systems.  Under all collectivist systems, a small elite almost always enjoys most of the benefits while most of the rest of the population suffers.

The Occupy Wall Street protesters realize that our economic system is fundamentally unjust in many ways, but the problem is that most of them want to trade one form of collectivism for another.

But our founding fathers never intended for us to have a collectivist system.

Instead, they intended for us to enjoy a capitalist system where true competition and the free enterprise system would allow individuals and small businesses to thrive.

In an article that was posted earlier this year on Addicting Info, Stephen D. Foster Jr. detailed how our founding fathers actually felt about corporations….

The East India Company was the largest corporation of its day and its dominance of trade angered the colonists so much, that they dumped the tea products it had on a ship into Boston Harbor which today is universally known as the Boston Tea Party. At the time, in Britain, large corporations funded elections generously and its stock was owned by nearly everyone in parliament. The founding fathers did not think much of these corporations that had great wealth and great influence in government. And that is precisely why they put restrictions upon them after the government was organized under the Constitution.

After the nation’s founding, corporations were granted charters by the state as they are today. Unlike today, however, corporations were only permitted to exist 20 or 30 years and could only deal in one commodity, could not hold stock in other companies, and their property holdings were limited to what they needed to accomplish their business goals. And perhaps the most important facet of all this is that most states in the early days of the nation had laws on the books that made any political contribution by corporations a criminal offense.

Our founding fathers would have never approved of any form of collectivism.  They understood that all great concentrations of wealth and power represent a significant threat to the freedoms and liberties of average citizens.

Are you not convinced that we live in a corporatist system?

Well, keep reading.

The following are 7 things about the monolithic predator corporations that dominate our economy that every American should know….

#1 Corporations not only completely dominate the U.S. economy, they also completely dominate the global economy as well.  A newly released University of Zurich study examined more than 43,000 major multinational corporations.  The study discovered a vast web of interlocking ownerships that is controlled by a “core” of 1,318 giant corporations.

But that “core” itself is controlled by a “super-entity” of 147 monolithic corporations that are very, very tightly knit.  As a recent article in NewScientist noted, these 147 corporations control approximately 40 percent of all the wealth in the entire network….

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 percent of the total wealth in the network. “In effect, less than 1 percent of the companies were able to control 40 percent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

Unsurprisingly, the “super-entity” of 147 corporations is dominated by international banks and large financial institutions.  For example, JP Morgan Chase, Goldman Sachs, Morgan Stanley and Bank of America are all in the top 25.

#2 This dominance of the global economy by corporations has allowed global wealth to become concentrated to a very frightening degree.

According to Credit Suisse, those with a household net worth of a million dollars or more control 38.5% of all the wealth in the world.  Last year, that figure was at 35.6%.  As you can see, it is rapidly moving in the wrong direction.

For a group of people that represents less than 0.5% of the global population to control almost 40 percent of all the wealth is insane.

The dominance of corporations is also one of the primary reasons why we are witnessing income inequality grow so rapidly in the United States.  The following comes from a recent article in the Los Angeles Times….

An economic snapshot from the Economic Policy Institute shows that inflation-adjusted incomes of the top 1% of households increased 224% from 1979 to 2007, while incomes for the bottom 90% grew just 5% in the same time period. Those in the top 0.1% of income fared even better, with incomes growing 390% over that time period.

You can see a chart that displays these shocking numbers right here.

#3 Since wealth has become concentrated in very few hands, that means that there are a whole lot of poor people out there.

At a time when technology should be making it possible to lift standards of living all over the globe, poverty just continues to spread.  According to the same Credit Suisse study referenced above, the bottom two-thirds of the global population controls just 3.3% of all the wealth.

Not only that, more than 3 billion people currently live on less than 2 dollar a day.

While the ultra-wealthy live the high life, unimaginable tragedies play out all over the globe every single day.  Every 3.6 seconds someone starves to death and three-quarters of them are children under the age of 5.

#4 Giant corporations have become so dominant that it has become very hard for small businesses to compete and survive in the United States.

Today, even though our population is increasing, the number of small businesses continues to decrease.

According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.

This is the exact opposite of what should be happening under a capitalist system.

#5 Big corporations completely dominate the media.  Almost all of the news that you get and almost all of the entertainment that you enjoy is fed to you by giant corporations.

Back in 1983, somewhere around 50 corporations controlled the vast majority of all news media in the United States.

Today, control of the news media is concentrated in the hands of just six incredibly powerful media corporations.

#6 Big corporations completely dominate our financial system.  Yes, there are hundreds of choices in the financial world, but just a handful control the vast majority of the assets.

Back in 2002, the top 10 banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 banks control 77 percent of all U.S. banking assets.

The “too big to fail” banks just keep getting more and more powerful.  For example, the “big six” U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assets equivalent to approximately 60 percent of America’s gross national product.

#7 Big corporations completely dominate our political system.  Because they have so much wealth and power, corporations can exert an overwhelming amount of influence over our elections.  Studies have shown that in federal elections the candidate that raises the most money wins about 90 percent of the time.

Politics in America is not about winning over hearts and minds.

It is about who can raise the most cash.

Sometimes this truth leaks out a bit in the mainstream media.  For example, during a recent show on MSNBC, Dylan Ratigan made the following statement….

“The biggest contributor to Barack Obama’s presidential campaign is Goldman Sachs. The primary activities of this president relative to banking have been to protect the most lucrative aspect of that business, which is the dark market for credit default swaps and the like. That has been the explicit agenda of his Treasury Secretary. This president is advocating trade agreements that allow enhanced bank secrecy in Panama, enhanced murdering of union members in Colombia, and the refunding of North Korean slaves.”

Later on, Ratigan followed up by accusing both political parties of working for the bad guys….

“But I guess where I take issue is, this president is working for the bad guys. The Democrats are working for the bad guys. So are the Republicans. The Democrats get away with it by saying, ‘Look at how crazy the Republicans are; at the Democrats pretend to care about people.’ BUT THE FACT IS THE 2-PARTY POLITICAL SYSTEM IS UTTERLY BOGUS.”

Wow – nobody is actually supposed to say that on television.

Today, most of our politicians are bought, and most of them actively help the monolithic predator corporations accumulate even more wealth and even more power.

In fact, as I wrote about recently, the big Wall Street banks are already trying to buy the election in 2012.

Fortunately, it looks like the American people are starting to wake up.  According to one recent survey, only 23 percent of all Americans now trust the financial system, and 60 percent of all Americans are either “angry” or “very angry” about the economy.

Unfortunately, many of them are joining protest movements such as Occupy Wall Street which are calling for one form of collectivism to replace another.

The American people are being given a false choice.

We don’t have to choose between corporatism and socialism.

We don’t have to choose between big corporations and big government.

Our founding fathers actually intended for corporations and government to both be greatly limited.

The following is a famous quote from Thomas Jefferson….

“I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”

Unfortunately, things did not turn out how Jefferson wanted.  Instead of us controlling the corporations, they now control us.

This next quote is from John Adams….

“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”

But who dominates our economy today?

The big banks.

Perhaps we should have listened to founding fathers such as John Adams.

Lastly, here is another quote from Thomas Jefferson….

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

How prescient was that quote?

Last year, over a million American families were booted out of their homes by the big banks.  The financial institutions actually now have more total equity in our homes than we do.

Unemployment is rampant, but corporate profits are soaring.  The number of Americans on food stamps has increased by more than 70 percent since 2007, and yet the incomes of those at the top of the food chain continue to increase.

We need a system that allows all Americans to start small businesses, compete fairly and have a chance at success.

Instead, what we have is a corporatist system where the big corporations have most of the wealth, most of the power and most of the advantages.

We need to get the American people to understand that corporatism is not capitalism.

Corporatism is a collectivist system that allows the elite to accumulate gigantic amounts of wealth and power.

The answer to such a system is not to go to a different collectivist system.

Rather, we need to return as much power as possible to individuals and small businesses.

Our founding fathers intended for us to live in a country where power was highly decentralized.

Why didn’t we listen to them?

  • Gay Veteran

    Excellent article! Evert American needs to read it.

    The financial elite are using Left/Right and Democrat/Republican to divide us while they continue their looting.

    Anyone who thinks our problems are due only to “liberals” or “conservatives or Democrats or Republicans is a fool and a tool of the financial elites. WAKE UP

  • Gay Veteran

    First I was a Republican, then a Democrat. Now I understand that the two parties are two sides of the same coin. They both are controlled by the financial elites.

    If you don’t understand that then you will never understand what is happening to this country.

    • expatriot

      Exactly, that’s why I almost puke every time I turn on cable tv or c span. Theres billions of dollars to be made by putting the r’s verse d’s. You got neo-con radio talkers pulling in hundreds of millions and their bosses making even more. They work for giant corporations so they want the status quo. Same with cable. The only place to get the truth is the internet and great sites like this. The sheeple get spoon fed r versus d and eat that shit up. Luckily the only thing left to happen is for more people to wake up to what you are saying.

  • DEFCONStudios

    Michael,

    Have you had a chance to view these important articles:

    Revealed – the Capitalist Network that Runs the World
    http://www.globalresearch.ca/index.php?context=va&aid=27191

    Does one ‘super-corporation’ run the global economy? Study claims it could be terrifyingly unstable
    http://www.globalresearch.ca/index.php?context=va&aid=27187

    I highly recommend that you view those as they are quite shocking to those that are unaware but not surprising to those in the know. This is the reality.

  • Colin

    “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

    This quote was never stated by President Thomas Jefferson. See here – http://www.snopes.com/quotes/jefferson/banks.asp

    • Michael

      Colin:

      From the research that I have done, the issue is not so black and white. To me, the majority of the evidence points to Jefferson actually saying that quote.

      Michael

      • Colin

        Name your source.

  • James

    If the American people would just STOP buying things that these corporations sell. They would go broke eventually. Middle class and poor class Americans have to get together and decide not to buy anything that the corporations produce. instead, there should be a concerted effort within the communities to buy locally from small businesses. I am sure that among all of the unemployed, that there are people who know how to do anything that produces the goods and services that a local community would need. There are many trades people who could provide the know how to make things or repair things without going to a big corporation. Also, we could start bartering for things we need. The government would have a heck of a time monitoring the bartering since it produces no paper trails, they would need to hire people ho could put a price on everything being traded to assess a tax. Lastly, the government does not have the money to hire overseers to watch the bartering process, because there would be no money being exchanged to pay their salaries.

    • Stutz

      You can’t just change how the economy works overnight. Corporations are unfair and corrupt, but if they all went out of business the economy would collapse and then you’d see real poverty. And unfortunately the size of corporations is what makes economies of scale possible, which justifies the massive R & D budgets that drive innovation in certain industries. Mom & pop drug stores will never be able to bring new drugs to market, for example, because that process can cost tens or hundreds of millions of dollars over many years to accomplish. Only very large drug companies can spend and recoup that kind of money. It’s easy to bash corporations just like it’s easy to bash the government, but these are mind-bogglingly complex issues, and people’s theories and rants about better ways to do things are hard to take seriously when compared with the reality of the world we live in.

      • mrhuh

        You’re right that small mom and pop durg stores will never be able to bring new drugs to a market, but that’s only because big corporations lobby for regulations that make it so damn expensive, even though they have enough clout and money to find to pay the costs themselves. Timothy Carnier wrote about it in his excellent book, “The Big Ripoff.”

    • Guido

      That already exists. You may not have noticed it, since the penny saver paper and the radio swapshops never get much attention. It’s called the Gray Market and it is thriving. Look at the bulletin board at a local grocery or mom and pop quickstop next time you’re passing through one…

  • lone survivor

    Great article.
    I might add that not only big, billion dollar foreign corporsations have a lot of money but so do:
    movie stars-some getting $25 million a movie! (and most of them aren’t worth watching!)
    sports figures-football players complaining that they just can’t get by on only! $25 million a season-they want as much as $50 million a season (this also goes for baseball (remember Alex Rodregiuz NY yankees got $275 million! contract)
    A lot of these CEO’s get a bonus everyyear some getting $50 million to $250 million!
    The Forbes top 100 riches in America are worth over one trillion dollars! Thast’s right, one trillion dollars. With this kind of money they could buy up America (along with the Chinese government) and regular Americans wouldn’t be able to own any property.
    Stop taxing the working poor and the middle class and start taxing big, rich, billion dollar corporations and the super-rich billionaires!
    Don’t allow corporations like GE, who made $6 billion in profits and paid no income taxes at all.

    • Stutz

      GE, the company founded by Thomas Edison, that created the X-ray machine, the first TV network, the first commercial radar system, and the jet engine, amongst countless other things. We shouldn’t allow them.

    • Guido

      Those cats are useful idiots. No movie star exercises any real power. Practically none of them are even half-way educated. They got money, but not an ounce of brains. That’s why they’re paid to play pretend for a living.

  • A Well Regulated Militia

    Yeah it is a very good article,but…..it is far to late to do anything about it,we have lost, and we can protest until we are blue it the face it is not going to change the way the US does its business,the fat cats are sitting way up above us laughing their asses off at the OWS, it don’t mean crap to them, they fear nothing, they have all the power now and the sooner we all get used to starving two to three days a week the sooner it will seem the norm!!

  • HeartofShadows

    Another great article that brought me back.
    With the internet and its massive spread of information its easier than ever to *follow the money*. All these different groups being used to make people fight one another when in the end the true enemies of society are laughing while their own apologists that they brainwashed are defending them saying that they worked hard for their wealth and power while they continue to screw even them over.

    Everybody here is doomed.

  • Nexus789

    Very good article…one of the best I have read that really talks about the elites manipulate and dominate – ‘statism’ to ‘corporatism’ and then a short step to Facism the ultimate syntesis of corporate and state interests.

    We we are not defined as workers or citizens anumore but simply as consumers. The notion of society, community and mutual, help, respect, etc, has been stamped out.

    We are in a world where corporate and banking interests are at war with the nation state and our rights as citizens, our freedoms, etc, are being suppressed. What is a vote really worth if all are doing is voting for the same lackies that are beholden to the people that really push the levers of power in society.

  • Gary2

    Michael-I get your point, however, it seems to me that capitalism will always gravitate towards corporatism. This is one of many flaws in capitalism. maybe a HEAVILY regulated from of capitalism may work..

    • Ben Dover

      Socialism will NEVER work. Note that Soros, et al want socialism, but do not volunteer to give up their privileleged status. There is always two sets of rules:One for the masses, and one for the “leaders”. The “classless” societies always have the largest class distinction.

      The problem is in the REGULATORS. Note how so many problems have crept up since senators have been directly elected, Fed established, etc. 1913 was a very bad year. Seems the Bolshiviks really took control of America about the same time they took Russia.

      Maybe I should look into how long legislators “served” (hate that lie) before and after direct election of senators.

      The answer may lie in more frequent overhauls of our system of government.

    • Guido

      Sorry Gary-but as long as you believe more guvvamint is the solution, you’re adding to the problem. The solution is an awake and aware population that knows ************* from Shinola and gives a darn. And votes like it actually matters!

  • pryman

    Although this is a good article, I believe the American people always knew what was going on. They just didn’t care who this corrupt system was hurting until it exploded and began hurting them. A lot of the American people developed demons just like the bankers on Wall Street. The problem is the rich demons didn’t give the poor demons there share for acting corrupted like them. America had a chance to turn this thing around, but too many decided to dance with the devil.

    • Ben Dover

      Easy to not care when you are literally fan & happy.

    • mondobeyondo

      For most people, pain is irrelevant, until it hurts YOU.

      And that goes for just about any aspect of suffering. One day you’re eating filet mignon, caviar and lobster, and laughing at the people in line at the food bank. The next day, you’re joining the line at the food bank. Your life perspective changes, immensely. (Ya think?!?)

      By the way, they don’t serve filet mignon at the food bank. Sorry to break the bad news, but it’s true. You’re lucky if you can score some ground beef.

  • http://www.planorperish.com Gutter Economist

    CORPORATISM IS NOT CAPITALISM

    CAPITALISM: An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

    CORPORATISM: The organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.

    By definition, Capitalism and Corporatism do not appear to be alternatives. It might be better to say that Corporatism has altered Capitalism by reducing competition in a free market.

    “Instead, they (our founding fathers) intended for us to enjoy a capitalist system where true competition and the free enterprise system would allow individuals and small businesses to thrive.” If our founding fathers really believed that an individual could could compete with a business, they did not understand economics.

    Do we really want to return to family farms and home cottage industries? This would require a reduction of the US population and a lower standard of living.

    Most large corporations are owned by shareholders. The problems with corporations center around shareholders.

    Like uneducated voters that keep electing the same criminals and fools, many shareholders have remained silent while corporate executives have obtained more and more power and wealth from the rightful owners of corporations (shareholders).

    Shareholders that are too lazy to get educated or exercise their rights get what they deserve.

    The majority of voting shares need to be held by non executives and employees. In this case, non executives and employees would have some control over compensation and offshore operations.

    Corporate executives and OWS (or some other organization) are going to implement the above changes the easy way or the hard way.

  • Colin

    In April 1938, FDR gave a speech to Congress. In his speech, he identified two dangers:

    “The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism—ownership of Government by an individual, by a group, or by any other controlling private power.

    “The second truth is that the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living.”

    http://www.presidency.ucsb.edu/ws/index.php?pid=15637#axzz1bUWVCxL7

    The system we have is defined more accurately as corporate capitalism (http://en.wikipedia.org/wiki/Corporate_capitalism)

  • Gil

    Why should people be self-employed/small business owners? That sounds almost Yugoslavian Communist. The minority of people tend to be superproductive, most are reasonably productive, and another minority sub-productive hence hierarchies naturally emerage. Not to mention big businesses crush small business because they can operate in bulk and pass those savings onto the consumers. Likewise the amount of people in dire poverty is the least its been in human history. C’mon!

  • mark

    We need to start repairing our country by removing power from Washington. If we had very strict term limits where you could only serve one 2 year term in the House would be a good start. No pensions for them as they would only be in Washington 2 years and then go home. Let the states inact the system that the voters there want. It would be a lot more difficult for the super wealthy to co-opt House members that are not in Washington very long.

  • richard

    An informative article.

  • Peter

    This study confirms what everyone had already suspected anyway. In the US, for example, just four banks hold a staggering 95.9% of U.S. derivatives. Isn’t this a bit risky for the economy? There definitely needs to be a control on how big banks can get in the country. I think that it is better to have more large banks than just four gigantic ones.

    • D

      Yes, that is why Amerika is fascist. The government is owned and controlled by private, international banks (elites). We have been a fascist nation since 1913. Many people have a difficult time coping with this notion.

  • mondobeyondo

    The U.S. is definitely NOT a capitalistic country. One can even argue if it is truly a democracy. “Two-party constitutional republic” is more accurate.

    And yes, huge corporations are like cockroaches, out to take over the world (and get fabulously wealthy in the process). There are the Super Gigantic Big Players, the ones anyone in Uganda or Mongolia or Antarctica would know: McDonald’s, Coca-Cola, Disney (to some extent), and maybe CNN. These corporations have literally taken over the world. I would put GM here too, but I don’t think many people in Belarus drive GM cars.

    Then there are the Somewhat Big Players: Pepsi, GM, MTV, the movie and entertainment companies like Warner Bros., KFC, Budweiser, Burger King, Levi’s, Wal-Mart, and so forth. People in Europe, Latin America and Asia may know of these, but they don’t have total global dominance yet. (Wal-Mart is getting there, though.)

    And then there’s Everybody Else. ABC, CBS, NBC, Home Depot, Lowe’s, Macy’s, Wendy’s, White Castle, Abercrombie and Fitch, etc. etc.

    Of course, there’s also collateral damage. KMart looks like it’s about to go under, and it could take Sears with it. That would be a tragedy – Sears has been around for over 100 years. Bed, Bath and Beyond – RIP. There are many, many others.

    • Guido

      We are not and never were a Democracy. We are a Constitutional Republic, or we’re supposed to be. No other form of government is legal under the Constitution. Democracy, by comparison, is an evil form of government, according to Plato, because it is rule by the poor, rule by the mob. The idea is that while the public is the source of power, the people’s will must be diluted with checks and balances to restrain the immoderate and random whims of the ignorant majority. Duh Masses are dumbasses.

      • Citizen

        Actually I am starting to think that we just create a third party system run by the people (think facebook) where we the people are a check against congress.

        If popular opinion doesn’t match up with passed legislation, we investigate.

  • Monk

    Actually, corporatism is the result of capitalism, whether state or free market. With capitalism, you have greater concentration of wealth among individuals who control organizations, and they eventually control governments.

    That is why corporations rule the world, which include countries with various ideologies.

  • SMASH THE CONTROL MACHINE

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  • SMASH THE CONTROL MACHINE

    http://www.getmoneyout.com SORRY DON’T KNOW HOW I GOT /BEST ON THAT LINK. NOW GO VOTE!!!

  • http://www.economicon.info/ Leigh Kimmel

    William Gibson predicted corporatism and the rise of the global megacorporations in 1982, when he wrote Neuromancer. The trend was already beginning then, but nobody paid any attention to the warning — they were too busy oohing and aahing over the visions of cool computer tech. And a lot of people are still too engrossed in their new iPhone or iPad to notice that the megacorporations are busy making serfs of us all. Will they finally notice when corporal punishment is reinstituted in workspaces, or when the surplussed humanware is bussed off to welfare dormitories indistinguishable from prisons?

  • mondobeyondo

    Advances in technology, research and innovation would normally make prices in products eventually go DOWN, as newer and more efficient models are released. This has been the case in electronics for many years (for the most part). Sure, when a new computer or cell phone or iPhone or iPad or iSteveJobsCreation was released, the initial cost was high. But the price eventually went down, when the product was mass merchandised and all the kinks were worked out, to a point when even a teenager could afford those items. Okay, a rich teenager. Even seven year olds have cell phones now. That in and of itself is scary.

    But not so for education. Not for health care. Nooooo. (Translated into Sarah Palin-ese: “Nopey-dopey!”) The prices for these products – and they are products, you are paying for an investment which could potentially increase your standard of living, or save your life – are going UP, not down. Why is that, when there has been so many advances in both education and health care? Why are students paying $200 for a college textbook? Why are you being charged $200 for an aspirin? And why does your doctor charge you $300 to tell you that you are sick, and then stick the bill to your insurance company?? (Gee, doc! I already KNEW I was sick! That’s why I came to see YOU! Argh…. (unmentionable expletives)

    Has the cost of all that medical research and increased knowledge – to cure diseases, etc – risen so high that it can compensate for the rise in education and health care? I doubt it.

    So, who’s getting the money? (Gotta sit and think on that one for a minute.)

    Rich doctors? I guess so. Don’t personally know any billionaire physicians, but hey, you never know.

    College presidents and deans? Hmm. A lot of college SPORTS COACHES earn more than professors. Something’s seriously wrong when your school’s volleyball coach, or ATHLETIC DIRECTOR (gasp!!!) earns more per year than your dean emeritus of mathematics or science. Granted, football and basketball are very important in modern American society… *giggle!* – but really…??

    In the long run, which contributes more to society? An engineering graduate, a chemist with a desire to search for a cancer cure, or a potential NFL quarterback? Yes, you are correct! The NFL quarterback, of course! If he doesn’t make the cut, he could always play for NFL Europe or the Canadian Football League. Or maybe try playing rugby or something. (Ewww. I’m getting sick. I need some Pepto Bismol.)

    So….Where are our TRUE priorities? The U.S. is a spoiled, me-first, instant gratification society that gets impatient when our 5 minute coffee takes 5 minutes and seven seconds.

    Anyway, thanks for letting me vent. I needed that. It’s much better than a shot of Jack Daniels…

    • http://lastdayrapture.blogspot.com/ TK

      Great point about why health care and education costs are rising in relation to everything else!

    • Guido

      I suspect the prices of both would not be so high were it not for government meddling and controlling them. The fedgov poured cheap money into education and the prices went up. They pushed as many people as they could into schools and prices went up, while quality went down. It got so bad, they even have programs at colleges now for retards. You don’t get a degree, but after a random period of years you can get a certificate of completion or attendance or something.

      The school I went to found a variety of ways to nickle and dime you to death. How about textbooks? Even books you can get at a normal book store cost more at a college bookstore. It’s a shame Amazon and the interweb weren’t around back then-otherwise I would have saved a fortune. The used bookstores were doing a booming business. Textbook companies even offered massive discounts if you were willing to destroy a textbook and send them the first 50 pages as proof.

      Medicine is also heavily regulated and controlled by the fedgov. I believe they’ve heavily controlled it ever since the Depression/WWII era and tried to insure no one could open too many hospitals in any particular area. This was, I guess, an attempt to insure prices were fair, or something, but instead, it limited care and advancement. Their regs insured new equipment did not arrive at hospitals for a long time.

      My father tried to bring the first CAT scanner into his town (he was a neurosurgeon) and fought a losing battle with the public hospital to get one. He finally had to form a private corporation with other doctors to purchase and install the machine. It was the first and only such machine for a while. The fedgov has also heavily licensed and regulated health insurance since WWII. That commodity is also very expensive. I’m absolutely certain it’s Uncle Sam’s tender loving attention that runs these industries into the ground, drives up costs, drives down efficiency, and makes them operate poorly. Remember when they sued Hooters for having only female waitresses???

  • http://lastdayrapture.blogspot.com/ TK

    This has been the plan all along. Nothing anyone can do will be able to change the fact that America is on it’s last leg. We the people will pay for our laziness in allowing the wrong people to gain control in this country.

  • iowa pam

    This article should be required reading for all college and high school students – most adults in the USA also. Our founding father had divine inspiration- we should listen and follow their wise words.

    “If you want to know who is going to change this country, go home and look in the mirror,”- Maude Barlow
    See you at the caucus Iowans!!

    • Michael

      Thank you for the very nice compliment. :)

      Michael

  • Tom

    I’ve been writing about this very issue since the dot-com bubble wiped out the wealth of 100s’ of thousands of “share-holders” through our corrupt bankrubptcy laws. more than 10 years ago; however, I believe the author mis-characterizes the principle with the term “corporatism”. It is not really “corporatism” the author means in this context…… it is “monopolism”. Monopoly power, is the antithesis of free-market competition on a level playing field. Monopoly power is what was coveted by the Rockefellers, the Warburgs, the Morgans, the Rothschilds, and the other original authors of the Federal Reserve Act. A Monopoly, on the creation of the money supply.

    The fundamental principal lies in the idea of “centralizing control of the means of production”. Whether the means of production (land and labor) are controlled by the state (such as in the fomer Soviet Union), or whether it is in the hands of an all-powerful banking cartel (The Central Banks), is irrelevent…..it is still centralized control of all property with a controlled labor market. That IS Socialism, as it was defined by Karl Marx in the Communist Manifesto (which the author of this article likely didn’t read).

  • D

    I have been saying this for years. America has been a shadow fascist country for almost a century. The government and all aspects of the nation are controlled by private entities: international banks (The Elite). They buy the politicians and have the power to bankrupts nations, create wars (WWIII soon), crash the stock market, and choose any law they desire.

    True capitalism in an illusion and can never work. This is because human nature (the seek of greed and power) will always corrupt it.

  • http://socialcorruption.com john

    To all my fellow patriots and Americans.
    I have started a magazine that offers radical and non radical news, articles, forums, blogs, chat and more. Our mission is to expose the truth, to force change, to wake the American people up, to give them hope and freedom from the chains of our politicians and total government control. We are in need of more members to join us for free and help us obtain this mission. We are tired of being trampled on and being told how things are and how there going to be, like it or not. We are tired of being subjected to our governments bullcrap policies and we are making a change. Join us for free and see what we can do.
    Please go to socialcorruption.com and become a patriotic member. Like us on Facebook as so many have and follow us on twitter, share us, love us and join America. Land of the free and home of the brave, stand up……socialcorruption.com.

  • GoneWithTheWind

    There is only one reason why 3 billion people live on less then 3 dollars a day; they live in countries that do not allow capitalism!!! Your entire arguement is pseudo-crap. Anyone living in the Western world in a democracy with freedoms and rights lives better then everyone else in the world for one reason; they are free to practice capitalism!! It is incredible that someone living the good life, got a free education, owns a car and a house, eats good food, has three TV’s and air conditioning and whines about how much 1% of the people are making!! Are you just stupid or what? It makes no difference if the 1% have 100 times more then you do or a 1000 times more then you do. The system that allows them to make big bucks is the same system that makes your life better then 99.999% of the people throughout history. How can you not see that? What is it about the liberal mind that makes them so stupid???

  • mondobeyondo

    “Unemployment is rampant, but corporate profits are soaring. The number of Americans on food stamps has increased by more than 70 percent since 2007, and yet the incomes of those at the top of the food chain continue to increase.”

    Time to bring out my trusty bloodhound, Jessica! (No offense to anyone named Jessica out there. I picked that name out of the blue.) We’ve got to find out WHY this is happening.

    If you’re unemployed, you have no job. If you have no job, you most likely have no income, unless you just won the Powerball lottery, or your last name is Rockefeller.(If you are Steve Jobs’ second cousin twice removed, that would help as well.)

    Being unemployed, you are not contributing anything to the economy. On the contrary, you’re taking away from the economy! (food stamps, other federal assistance, etc.)

    Jessica just told me that it is extremely odd that so many people are barely living when a very few people use the money that so many people earn, to drive around in Bentleys and limousines. Smart dog, huh?

    How to fix it? Whew. The best approach is to get the truth out there, and to awaken the masses. How the masses will react to being awakened, is anyone’s guess. It’s already happening. (i.e. Occupy Wall Street).

    Hold on, Jessica’s found a bone. Whad’ya find, honey? Is it a banker’s bone? Oh, you found J.P. Morgan’s skeleton!

  • mondobeyondo

    Okay, one more time.

    If you eat a rich man, does he taste like chicken?

    (rim shot!)

    Okay, well then! Back to the Improv for me…

  • Matt

    glad I left the states along time ago……..

  • http://stopneocons.bravejournal.com Winston Smith

    actually, yes corporations are part of it, read about Englands corporations and their monopolies…….banks a big part too…..capitalism arose from the 14th C on as an indvidualistic, “me centered” response to the Black Death and evolved into the Bib Boxes we see now, aided by Protestantism, which is “me centered” too, each man his own Pope and all….it is based on Usury (illegal until nations went Protestant) wheras man makes money off loaning the same dollar over and over again….doing no work and making much off others. See: http://www.frontporchrepublic.com/2009/05/the-economics-of-distributism-part-1-does-capitalism-work/

    • Guido

      Why shouldn’t you be able to charge interest on a loan? I can’t for the life of me see why not. If I were loaning money to others, I would want something for my trouble, too.

  • http://stopneocons.bravejournal.com Winston Smith
  • Dave Mayton

    A fierce north wind howled across the bow of the battered vessel known as Humanity. As she strained with all her might to push through the storm, each crashing wave of debt threatened to send her to the murky depths of oblivion… Hey wait a minute, that’s not how this story goes.

    Just as a quick preface, this article is not going to be another one of those gloom and doom stories about how the World is going to end and that our utter self destruction is eminent. While many of those reports may contain very factual data that could indeed spell our demise, most have them have the same dreary endings. Either they only present the problems we face and leave you believing we are doomed to failure, or you’re lead to believe that activism and revolt can change a flawed system from the top down, just enough to make life a bit more tolerable. Major changes in the way we think and interact as humanity are considered taboo because the problems seem too big and complex for us to solve. Well the buck stops here for me. While this article may start the same way by educating the reader with the same gloom and doom information, this is only to give the reader important facts about some the problems we face as humanity. The similarities end here though as this article offers a non-conventional solution that can be implemented immediately by anyone who wants to make a difference. This simple solution has been literally hiding right in front of us in plain sight! Before we go any further though, allow me to ask you one question. Your answer will determine whether or not you should read this article. If you had the cure for cancer, would you hold it for ransom or give it away? If you would hold it ransom, save yourself some time and stop reading here. If not, continue on my sensible friend.

    The underlying issues that oppress human capability

    In America today the wealthy don’t earn their real money. Their Capital is what actually MAKES their money, and capital gains tax is a term that everyone should be familiar with. Simply replacing the term capital with the word money gives a much clearer picture of the term. Let’s say you are a very wealthy person and have a vast amount of money invested in the stock market. The money itself makes more money than you could ever earn in that same year, and the taxable rate of only 15% is far better than the earned income tax rate of 39.6%. Is it any wonder that the wealthy few own the vast majority of the stock market? This 15% tax rate puts even further disparity between wealth distribution when you consider that 42% of all wealth is owned by just the top 1% and the top 10% own 93% of all wealth. What happens when a handful of people driven only by profit hold the power of global labor, debt and the money supply? It’s crystal clear to see the wretched end. A great teacher once told us that the poor would always be among us, and that He would be with us only a short time. Of course He was poor himself, and was later crucified by those in power who felt threatened by him because He might thwart their authority. So knowing that the poor will always be among us and that real change only comes from the bottom up I set out on a quest for information that, if properly assembled, could change the world.

    Why did we move towards Globalization?

    WE didn’t move towards globalization, the corporations did. Globalization is one of the most horrible blights humanity has ever subjected itself to. Simply stated, the corporate profiteers now own you personally through whatever it is you do for a living. If you perform a skilled trade of any sort you’ll now compete for the lowest price globally. If you have a job that can be done by a machine, it will (until the energy is depleted). If your job is one that cannot be replaced by a machine or does not require a skilled trade (sales/service) it will pay even less. The global technology we posses today has a great propensity for good, but not necessarily in a physical sense. If an automobile has 15,000 parts made in many countries, assembled in another and finally shipped off to another for sale, the global corporation has just used enormous amounts of additional energy and resources to make that car. This is an example of bad globalization. On the other hand, a doctor in Iceland who is performing emergency neurosurgery is being talked through the operation by a doctor in California who is watching a live High Definition video feed of the procedure. These are two stories of both positive and negative outcomes from technology. One involves the sharing of lifesaving information with a doctor thousands of miles away. The other displays a corporation extracting maximum profits over thousands of miles, with no regard for humanity or the planet. Maybe all products should have a label listing the average hourly wage for the laborer. By virtue of harm caused to Human health through poor working conditions, unfit wages and profiteering, consider this. If a plastic bag has a cautionary note telling me I can suffocate, if a cigarette pack has a warning about lung cancer, if alcohol is labeled telling me not to drink and drive so that I don’t injure or kill other… Shouldn’t I be warned about supporting a profit motive that is literally killing and oppressing people? At minimum we should have full disclosure so that we can make educated decisions about the corporations we decide to purchase from. Currently, when I see products in a store and wonder how it can be made so cheaply, I just look at the country where it was manufactured and see the slaves. How can they get away with this? In short, a Corporation is an artificial being, given rights under the law to make political contributions. Corporations Make decisions based entirely on profiteering and nothing else. Since profit is their driving force, a few at the top are very wealthy, and their clout has purchased laws in their favor over the years. In other words, their capital bought our capitol. A few citizens caught wind of the unfair concessions to the wealthy by the government, like the reduction of capital gains tax from 70% down to 28%, and later to only 15%. To satisfy those few who questioned the system, a new term called “trickle down economics” was born. Its premise was that tax breaks to the wealthy would result in investment into more jobs. Sounds like it should work, right? Well, we can now see the results definitively on ways to increase the disparity between wealth distribution. Here is the tragic result 25 years later.

    Insanity by the numbers

    The top ½ of one percent of own more wealth than the bottom 50% combined (156 million people)

    In 1985 the wealthiest 5% of the population owned $8 Trillion dollars. Today they own $40 Trillion. That’s more wealth than the entire Human race had created prior to 1980.

    Less than 35% of their wealth could pay off the entire national debt.

    As of January 2011, the debt per each citizen equals approximately $45,374

    In 2010 just the interest on the national debt was $414 Billion, or $1326 for every citizen

    When the few make decisions that affect the many, they will most often prioritize for their own gains and the gains of friends first, if given the opportunity. Conversely, when the decisions of the many affect the many, the solutions are equitable for all. This applies not only to business, but to government as well. The spending priorities and authority of the government have become absolute insanity themselves, and I will later touch on the simple principals of a citizen owned government that is truly by and for the people!

    So now that we’ve gone through some of the problems that the dog eat dog system causes, I’d like to finally move on and get to the solutions. I’m going to make a bold statement that may seem ridiculous as a solution to the magnitude of troubles we currently face. My hope is that once you see this simple quotient for success you will be energized and encouraged to take action because you now know there IS a way to change the world to a better place, and you CAN do something very easily. This is something that people do every day in the world, and with a few simple principles will give rewards we can’t even dream of. Are you ready? Here it is!

    START OR SUPPORT AN EMPLOYEE OWNED BUSINESS SYSTEM!

    Crazy right? It just doesn’t seem like a big fancy idea with a lot of bells and whistles, and it would take forever to work. Wrong. Employee owned businesses can easily be the solution to many of the issues humanity faces today, as long as they have a few simple principles written into their charter. Now if you’re thinking to yourself “there is no way this could work, there are way too many obstacles” I tell you, say nay to the naysayers and yeah to the yeasayers. [OK, yeasayers isn’t a real word, but it should be]. Maybe you’ve been conditioned to need these kinds of big ideas to come from someone who LOOKS important to accept them as credible. For you I’ve included a picture of myself in a suit and tie, though I much prefer jeans and a T-shirt in all honesty. Besides, I’ve always been told that the suit doesn’t make the man. As for the time it takes for this model to sweep the world, a familiar explanation of exponential growth is in order. Let’s say I offer you two different payment options for the same job that will take 30 days to complete. I will give you either $10,000 a day for 30 days or I can pay you a penny a day, and double the previous day’s pay for each of the 30 days. So day 1 pays a penny, day 2 pays two pennies, day 3 pays 4 pennies and so on. Which would you choose? At the end of the $10,000 a day option you would have earned $300,000. At the end of the doubling pay system you would have earned $5,368,709.12 This is the power of exponential growth! So finally, what are those simple rules I mentioned earlier, or as I would call them, the Principles of Humanity?

    Let’s look at one through the eyes of the employee-owner. From here on out, if you don’t read the full article, the system in its entirety won’t make sense.

    What would that look like?

    From the first week employee to the 20 year veteran, all employees would have an equal share of profit in the company. In this way all employee-owners maintain equal motivation to maintain a good work ethic and police themselves, and thus refer only the people they know to have good work ethics. Now don’t confuse this at all with communism or socialism. When you have the freedom to go to any company, and each company has different profit margins (ie pay per owner-employee) there is nothing in common with socialism or communism.

    The company must never be available for outside investment of any kind (ie listed on the stock market), as that would create an additional owner in the company, though with a greater share than any other individual employee-owner. As well as equal ownership, and therefore pay, all employee-owners will work the same number of weekly hours, with any unplanned overage minimized and compensated. The benefit for length of service will come primarily through position transfer. This means that the employee-owners throughout their employment will be given the option to bid on other available positions as they become available through expansion or other personnel changes. This would prevent mundane boredom in a position and creates the possibility for a progressively lighter work load as the worker ages. All employee-owners must vote on reinvestment proposals at regular intervals. No benefits are offered through the company (ie health insurance, dental, 401k, pension, etc). The decision to purchase these “benefits” should be left to the individual. If an employee-owner leaves the company they have no more investment in the company and are owed nothing. If these concepts of having no benefits or permanent ownership seem outlandish, consider this. The employee owned company has an objective of creating equitable work and pay for all, and prevents debt to itself by remaining fixed on producing its product, not making personal life decisions. For example, if by dividing profits equally to all, each employee made 3 times what their corporate counterparts make it would be quite easy to fund their benefits of choice. People in general want to make a contribution to the betterment of their company, especially when they have a stake in it. When they have a stake in it they have motivation. When a group of people is motivated to share ideas freely for the mutual benefit of all, they become more innovative, productive and profitable. Let’s call this motivation internal capitalization.

    Once unleashed, this business model would soon start to take over all other business models based on several factors. The first consideration is the talented people at competing corporations, who also want to be a part of a system based on fair wages lacks of stress that comes from political backstabbing that corporate structure promotes. The new model is more organic, and seeks to benefit humans rather than a balance sheet. The final and most important rule of law we see at work in the charter is this. Since the employee owned business depends on suppliers of raw materials or other manufactured goods to produce its own product in most cases, a portion of the profit should be set aside to give birth to another such employee owned business to provide the needed materials or goods. Other options would include purchasing an existing company for conversion or doing business with an established business that has been certified as the same type of new business model. What would the cost to the employee-owner be to set aside this investment? Absolutely nothing based upon the gift they themselves received upon entry to their employee owned company. As the model states though, external partners of the new company are not allowed, and the start up gift must be free. In this way, another employee owned company is born of good will and benefit for others. This is a great way to promote not only the business model, but also promote good ethical practice through the internal working components or materials of the product produced by the company. Consider this the “pay it forward” business model if you will. Think of the possibilities and how the spreading of this simple model could defeat poverty and misery globally.

    Bring on the attack campaigns

    The attacks on this concept will come from the mainstream media and the wealthy, who own the mainstream media. The wealthy would see this new concept of business as an attack against their wealth and try to kill the business. Why would it pose such a threat? Remember, they can’t buy into your company as an investor since it’s not listed on any market. The wealthy don’t want to contribute by working, they want to reap through investing. They also would see their talent leaving for the better conditions at employee owned businesses and their own systems dissolved by means of the exponential growth of the new model. They will accuse the system of being socialist, communist, fascist, Marxist and a whole host of other “evil” terms. In operation, if many or even all companies were based on these principles each company would have its own profit margins, and therefore pay scale. If you don’t make enough money at company A you can always go to company B. You’ll also hear things like “paying people fair wages is too expensive and won’t work”. If that statement were true, GM would have closed its doors in the 1940’s. If that statement ever becomes reality, we’re doomed. Like the inquisitions, the new model will be called witch and heretic by those who feel threatened by it. They will attempt to publicly flog the model with no trial. In truth, the new business model would liberate communities and people. With the stock market eventually gone there would be no skimmers. Demand for a company’s product would dictate its size more naturally, and through morality of the masses non-beneficial or harmful products would be replaced by new innovations for the betterment of all mankind. Laziness would be replaced by motivation, and self policing would keep the system efficient. There would be no reason to steal ideas to get ahead or step on others to climb the corporate ladder since one doesn’t exist. What’s good for one is good for all in this model!

    An even bigger picture?

    All of this does lead to a larger picture of course. Believe it or not, the simplified model of this employee owned business is not a far stretch from a citizen owned government model. As you know, the mechanics of government (especially here in the US) have become cumbersome, costly, chaotic and corrupt (the four C’s). Without a populous vote, the government does not follow the will of the people. The ideas of the founding fathers, though imperfect themselves, have become so twisted, wrenched and purchased by greed that there is no humanity left in the beleaguered system of government. In the end, how much government would really be needed if all of its people were happy? The answer is very little. It’s like a scale if you think about it. When there is less misery there is more happiness. Where does the happiness come from? The people, through the aforementioned business model, are given the essential ingredients for happiness in life pursuits and the full equal opportunity for employee ownership. So what happens when a citizen owned government, of much smaller size and scope, is actually implemented based on these like principals? Just as the employee owned business model was attacked by those who would stand to lose something, so too would the new Citizen Owned Government, or COG. In the same progression as well though, the new government model would eventually be demanded by the people of other nations as they witnessed its success and potential for humanity. By this point the new business model would have already been experienced in their country as well, showing it as a superior model to follow for the benefit of the many, not the few. As the current system goes, it’s a nonsensical concept to believe that the entire world is indebted to itself. If I were an alien studying Earth I would consider the animals to be the most intelligent life forms on the planet and the humans somewhere closer to the amoebas, although amoebas don’t consciously torture and destroy themselves so they probably have us beat.

    OK, so since you’re STILL reading I assume you would like to see this “better world” become a reality, and quickly. Well, it all comes down to us and the things we do to START the process. It is much easier than you could possibly ever imagine to change the world, and once this ball starts rolling it doesn’t ever stop. It is the concept of self perpetuation in the long run. As you may be aware, revolutions and activism have become less and less affective because vast power (money) has become consolidated over time into the hands of the few, and the attempts to make changes are still pressuring from the top down. Real change can only comes from the bottom up. The only elements needed to make these Principles of Humanity a reality are a common organization, a simple plan, a few “flame starters” and a willing spirit. It will propagate itself through the peoples very desire to see it come to fruition, and better humanity in the process.

    Recap and restate

    The first step is to share this idea with others, and especially with those who have the ability to light the first flames with a gift to start the new employee owned business model. Earlier I stated that the wealthy would put up a fight against this business model, and almost all will, based on the fact that they would be supporting a less equitable position for themselves in the long run. There will however be the rare humanitarian who is wealthy and wants to make a difference. These are most often the wealthy who have come from humble beginnings themselves. If you are one of those people I implore you to get involved for the sake of humanity. Wouldn’t it be great to know that you were one of the founding Fathers (or Mothers) of the “pay it forward” model that changed the world for all humanity? One that gave the gift that started the fire!!

    The second step is to start the business (or convert an existing one), and implement ALL of the principles described earlier into the business charter as irrevocable. If just one of these rules is changed the system will not work.

    The third step is membership in an organization that promotes and certifies that the new business is indeed chartered on the Principle of Humanity model. If ALL of the principles are implemented, the company will be certified as such. The organization will promote the companies and educate the consumer and other companies about the ethics and benefits of this model. Since each business is encouraged to either create or buy out their supplying companies, therefore converting it to the same model, the growth of the new model truly is exponential and permeates all types of business and industry globally.

    The final step is up to all of us as consumers. We can make decisions through our purchases and support a system for the happiness of the many, or we can support the current system of oppression for the many and provide happiness to the few who enslave the oppressed.

    • http://www.planorperish.com Gutter Economist

      Dave,

      Last time I tried to promote employee owned businesses, I was violently attacked for spreading socialist propaganda. At the present time, members of the academic community do view employee owned businesses as a form of socialism.

      CAPITALISM: An economic system characterized by private ownership of the means of production.

      STATE SOCIALISTS: Advocate the nationalisation of the means of production.

      LIBERTARIAN SOCIALISTS and ANARCHISTS: Reject using the state to build socialism. They promote direct worker ownership of the means of production alternatively through independent syndicates, workplace democracies, or worker cooperatives.

      Opponents of employee owned businesses claim that in all collectives an elite minority will always take advantage of the majority.

      At the present time, capitalism, corporate capitalism, or corporatism are not meeting the needs of the majority. Americans need to quit supporting the academic community, quit hiding behind dictionary terms, and come up with something better.

      The following businesses are employee owned and have articles in Wikipedia or are considered notable. Contact any of these businesses to learn more.

      Acadian Ambulance
      Alion Science and Technology
      Appleton
      ASC
      Bi-Mart
      Black & Veatch Corporation
      Bob’s Red Mill
      Brookshire Brothers
      Bureau of National Affairs
      Burns & McDonnell Engineering
      Carter’s Foods
      Certain Affinity
      CH2M Hill
      Chicago and North Western Railway
      Columbia Forest Products
      Dahl’s Foods
      Davey Tree Expert Company
      DreamHost
      Ebby Halliday Realtors
      Ferrellgas Partners
      Food Giant
      Frontline Test Equipment
      Full Sail Brewing Company
      Gensler
      Golder Associates
      Graybar
      HDR, Inc.
      Hensel Phelps Construction
      Herff Jones
      Hot Dog on a Stick
      Houchens Industries
      Hy-Vee
      John J. McMullen & Associates – now part of Alion Science and Technology
      John Lewis Partnership
      Journal Communications
      Kantega
      King Arthur Flour
      Landmark Education
      Lifetouch
      LPK
      Mast General Store
      Mathematica Policy Research
      Mercedes Homes
      Mushkin
      New Belgium Brewing Company
      North Highland
      Omaha World-Herald
      Osmose
      Parsons Corporation
      PCL Construction
      Peter Kiewit Sons’
      Phelps County Bank
      Price Chopper (New York) (Golub Corp.)
      Publix Super Markets
      Recology
      Rosendin Electric
      Schreiber Foods
      Schweitzer Engineering Laboratories
      Sparta Inc
      Springfield ReManufacturing
      Stiefel Labs
      STV Group
      Swales Aerospace
      Talis Group
      Terracon
      Tidyman’s
      Tribune Company
      Twin City Fan Companies, Ltd
      WinCo Foods
      W. L. Gore & Associates
      W. W. Norton & Company
      Woodman’s Food Market

      • J.M. Becker

        I’m also a radical leftest, who believes in NGO’s, you don’t stand alone.

  • Dave Mayton

    I didn’t see the author’s name anywhere. Whoever you are, thank you for a great read!!

  • http://drudgereport.com matt

    “#3 Since wealth has become concentrated in very few hands, that means that there are a whole lot of poor people out there.”

    ****************. Finance is not a zero sum game. One man being rich DOES NOT cause another man to be poor.

    • J.M. Becker

      @matt: Your statement is incorrect, wealth has always been relative. For someone to be wealthy, by definition, others must be less wealthy. What that wealth can purchase is the only elastic property, but even in a growth economy it can only stretch so far.

      The cost of any billionaire’s hourly wage is unpurchasable, even other billionaire’s can’t afford something priceless like his time on earth. Our time however is for sale, for if it wasn’t he wouldn’t be wealthy. Once you also consider the inflationary effects of financial lending, as it’s currently practiced, then the zero-sum aspect becomes very clear.

  • Guido

    Excellent work, Michael! This is probably the best piece of research you have ever done! Thanks for a great piece I will share with my associates.

    • Michael

      Guido:

      Thank you for the kind words. I am always honored when others decide that these articles are good enough to share with others.

      Michael

  • Macnasty

    Missionary:We need to get up river and help the people and make a change.Rambo:you got weapons:Missionary:(with suprised look) No. Rambo:your not going to change anything.the revolutionary wasn’t won with talk, same as WWII poster of GI with M1 rifle, I let my M1 do the talking!!!!!

  • Phil

    While much of it I agree with, it is too Libertarian for my taste. I never understand why these “free-enterprise” people believe that individuals working solely toward their own economic gain wouldn’t necessarily lead to the same consolidation of power/money that we have in our current corporatocracy or plutocracy or oligarchy or whatever you want to call the abomination that once was something pretty close to a representative democracy in this country. There needs to be a higher goal than personal wealth, and that is what is missing in our system. I consider myself more of a “socialist” than anything else. Seems the northern european countries have done a good job, for a hell of a lot longer than we have. But they have high taxes, and Americans (think) they don’t like that. Nothing wrong with taxes spent on the appropriate things. There is much essential that needs to be done COLLECTIVELY that cannot and will not be done by private entrepreneurs.

  • El Pollo de Oro

    Michael T. Snyder is absolutely right: corporatism is not capitalism or free enterprise.

    “Free-market capitalism, in the blink of an eye, was gutted and replaced by an oligopoly.” —Gerald Celente

    “People rail on Obama and say, ‘Oh, he’s a socialist. He’s a Marxist.’ No, he’s not. Socialism is egalitarianism. He’s a fascist. This is a fascist country. Fascism has come to America. The merger of state and corporate power, by definition, is called fascism.” —Gerald Celente

    “Saving the too-big-to-fails is anathema to what capitalism is.” —Gerald Celente

    “It’s not free trade, it’s slave trade.” —Gerald Celente

    “Capitalism should not be condemned, since we haven’t had capitalism.”—Ron Paul

    “Il fascismo dovrebbe più appropriatamente chiamarsi corporativismo perch’è una fusione tra stato e potere corporativo.” — Benito Mussolini, a.k.a. Il Duce

    That quote from Il Duce is Italian for “Fascism should more properly be called corporatism because it is the merger of state and corporate power.” Sound familiar? It should because that is EXACTLY what we are seeing in The Banana Republic of America (formerly Gli Stati Uniti) in 2011: the merger of state and corporate power. The BRA now fits Mussolini’s definition of il fascismo to a tee. Fascism is not “capitalism” or “free enterprise” or “rugged individualism” any more than it is “socialism.” It is corporatism, neo-feudalism. The game is rigged, and unless you’re one of The White Shoe Boys (as Gerald Celente calls the neo-feudalist ruling class), you’re screwed.

    Ron Paul tried to warn us that a major economic storm was brewing, but the neocons and corporatists refused to listen. They mocked the Texas libertarian. But Ron Paul spoke the truth. Now, the floodgates of hell have been unleashed upon us, and the suffering will only get worse and worse in this Third World neo-feudalist hellhole that used to be the Gli Stati Uniti.

    Benvenuti al fascismo. Benvenuti alla fantasma di Mussolini. Benvenuti alla Repubblica Banana di America.

    Che dio ci aiuti.

  • John B

    Absolutely excellent article.
    I forwarded this to everyone I know.
    This is key understanding people need to have.

    • Michael

      Thank you John. It really makes a difference when people take these articles and sends them along to others. The more people that see these articles the more good they will do.

      Michael

  • Randy

    Ultimately, corporatism will win. Here’s why … look at South Korea, a few caebols (conglomerates) and then, small niche shops.

    Then, look at advances in technology, in 20-30 years, AI/robotics will replace half the white collar workforce. The starting point of this is IBM Watson 2011.

    All and all, it leads to statism, basically, if you’re not an owner, you’ll be on social security supplemental.

  • Jason

    Bankers would have us believe it is their sole right to conjure into existence our money supply as debt, and they tell government that it should not be in the banking business, and that money creation is best left to banks.

    Government should tell the bankers that money creation is the greatest sovereign authority of government, and banks should get out the government business of money creation. This should be a policy referendum to be voted on. Long live the State Bank of North Dakota, and the others that are soon to follow.

  • A.S.

    To Quote from above:
    “According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.”

    If within five years, the amount of small businesses decreased by about 2 million, that means within about 35 years, we will be completely dominated by corporations (assuming the rate of decline is linear) (14.5m small businesses/2 = 7; 7×5 years = 35 years).

    I am willing to bet that this will happen in less time, say 20 years max. No one will have a small business or be self-employed, because large corporations will be able to do things cheaper.

  • A.S.

    Thank G-d I don’t listen to any of their news. I may watch their programming for entertainment, albeit with a skepticism that everything is brainwashing, but that is it. I get my news from people like Michael, Alex Jones, Israel National News, etc.

    I will never buy into their lies or commercials. They will have to chain me down to get me to accept things like antibiotics, vaccines, artificial sugars, packaged food, etc. They will have to imprison me in order to accept pro-gay issues, abortions, TSA, anti-homeschooling, etc.

    And you know what?–I will still fight to the end, because so long as I have a free-thinking mind, even if I am dirt-poor, I will never accept their lies or meaningless life!

    • Mark G

      So don’t get an abortion. But you have no God damn right to stop any woman who decides to get an abortion.

      • Truth kid

        It’s called an opinion. You should try it sometime.

        And there are plenty of women out there against abortion so take your brainwashed pro death speech elsewhere.

  • A.S.

    The quote by Thomas Jefferson is just blows the mind away!

    “I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”

    He was right 100%! What he was afraid of exists today–corporations dictating government and even being free of the laws of the U.S.! If he were alive today, he would die from heart attack at mere sight of our society. Once again, the answer to 1984 is 1776!

  • Carl

    These monolithic corporations are a natural consequence of capitalism. They all started as capitalist ventures. For capitalist to disavow their creations, is disingenuous and dangerous. But I do understand the desire of someone, who has been taught the false belief that all market activity is capitalism, to do so.

  • Washington76

    Corporatism Is Not Capitalism: 7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know!
    http://endoftheamericandream.com/archives/corpora

    “The time is near at hand which must determine whether Americans are to be free men or slaves.” George Washington

  • james

    we need to outlaw lobbying and revolving doors, and put a politburo person shadowing every member of congress… we need square district lines not the auto re elect lines we have now…we need to outlaw riders to bills…we need presidential line item veto…we need to have civilian ride alongs to help control the local cops…actually everyone in the us that is in a position of public trust needs a party shadow. Regan said trust but verify, well I’m not trusting anybody, and u aren’t verifying anything

  • Eric

    Ron Paul pro capitalism and pro limited government. The only politician running off the donations of the American people not the shareholders for the Federal Reserve (Goldman Sachs, JP Morgan, Citigroup, Etc.)
    He is the candidate for the people, everyone else like Mitt Romney, Rick Santorum, Newt Gingrich, and Barack Obama is corporate puppet. Following the money for those corporate puppets will lead you right back to the big banks.

  • John Boy

    Yes, are being duped into a false choice between communism (by Occupy Wall Street) and Free-Market Capitalism (by Wall Street). Yet, we do not have Free-Market Capitalism; we have Corporatism, or crony Capitalism driven by the Central Banks. When this understanding becomes more widespread, we must not then be duped into a so-called democratic or Statist solution since we do have available the knowledge of a specific economic model that is successful – it is in the Bible, check out the basics in Deuteronomy and Leviticus. We should move closer to the Biblical model, which has much to say about usury and the responsibility to individually help the poor. True, our economy is a complex issue, but when the economy falters even more than it has, know what is simply right and do not be be seduced by another elite, Communist, Facist, Statist, or Globalist strategy that is only another “Controlist” “shell game”. The Good Book is the best Hand Book for life on Earth.

    • pattreid

      The persistent notion that Occupy = communism is complete B.S. and display an total ignorance of what Occupy is about. There are at least as many libertarians among OWS as there are socialists, probably more. The difference between OWS and what this site and it appears to be promoting is that there is room in this country and world for more than one idea. There is no absolutely perfect form of governance. We need to weed out what clearly has not worked and begin to build on things that do work.

      And, please, at all costs, religious beliefs need to be kept as far away from our governance as is humanly possible. Everyplace one looks to find evil and suppression, some screwed up fanatical religious belief is behind it. That applies to America as well as any other place on earth.

  • marvin nubwaxer

    i was born in 1951, a white male in the richest city in the richest country in the world, then grew up in the richest state of the usa. when i was very young, after 17 years of research not funded by the government, we cured polio. i think that was our high point and we’ve fallen further and further into a type of feudalism, which i finally learn now is called corporatism. an empire of, for, and by the corporation rather than a republic of people.

  • andres

    This type of argument shows a complete lack of understanding of what capitalism is. Corporatism is simply a form or phase of capitalism (also referred to as mononpoly capitalism), which develops out of the competitive phase due to increasing accumulation of capital by certain individuals and sectors in the market.

    Capitalism is quite simply an economic system in which the means of production are privately owned and ‘free labor’ is utilized to generate capital (profit). That’s all – and it can include mercantilist, competitive, or monopoly varieties. Saying that capitalism only refers to some ideal perfectly competitive, ‘free’ market is utopian and only good for propaganda purposes.

  • Lukasz.Cholewa

    My friends. Much of this was written by Karol Marks in 1864. Even more by Lenin in his work “imperialism as a last stage of capitalism”. What I’m saying is that it was known from he start where we are going. 1945-1990 was fun times, because capitalism had to compete with socialism. But not any more. Be happy of what you have, you will have less in the future.

  • http://www.facebook.com/justin.dixon.9480 JS Dixon

    Interesting, you know most the occupiers I’ve spoken with (who while this may be unlikely could just be the freaks in the group) have protested much more about the government giving not only unfair representation, but just want the poor to have the same protection under the law as the rich. Asking the top 1% in the richest country in the world to pay a higher percent is even consistent with economics as the more you have of something the less its worth. So a poor person needs to keep a higher percentage of their money so they can eat, where the arguments for the rich keeping more money than most countries while expecting those of us who are barely making it to continue spending so that they can keep getting rich is absurd. Its not socialism to ask for equality under the law, nor is it socialism to say that judging by the growth in poverty in the nation as compared to the growth of the wealth of the top 1% the trickle down economics model doesn’t work, at least not while small businesses have to compete when the law is bent towards the bigger corporations.