The Myth Of American Capitalism Exposed: Competition Is Dying As The Biggest Corporations Gobble Up Everything

Vibrant competition is absolutely essential in order for a capitalist economic system to function effectively.  Unfortunately, in the United States today we are witnessing the death of competition in industry after industry as the biggest corporations increasingly gobble up all of their competitors.  John D. Rockefeller famously once said that “competition is a sin”, and he was one of America’s very first oligopolists.  According to Google, an oligopoly is “a state of limited competition, in which a market is shared by a small number of producers or sellers”, and that is a perfect description of the current state of affairs in many major industries.  In early America, corporations were greatly limited in scope, and in most instances they were only supposed to exist temporarily.  But today the largest corporations have become so huge that they literally dominate our entire society, and that is not good for any of us. (Read More...)

Alert! 40 Percent Of Americans Now ‘Prefer Socialism To Capitalism’

Americans are increasingly embracing socialism, and this is particularly true for young adults under the age of 30. As you will see below, four out of every ten Americans now prefer socialism to capitalism, and if current trends continue it is just a matter of time before those that prefer socialism are in the majority. Of course our society has already been very heavily socialized. We have been trained to believe that if a problem exists, then it is the job of government to fix it, and over time government on all levels of our system has just gotten bigger and bigger. But what most Americans don’t realize is that the United States never would have become an economic powerhouse without free market capitalism, and the further that we drift away from our roots the deeper that our economic problems will become. We need leaders that are willing to stand up and proudly declare that free market capitalism works incredibly well when the shackles are taken off, and that is precisely what I intend to do. (Read More...)