We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Will Vladimir Putin Declare Capitalism Dead Too?

45 9 0

Is it time for a new Declaration of Independence? If true individual choice and truth are any factor of freedom, the writing is on the wall not just in the United States, but globally. The wealth divide that has grown into an impenetrable wall between the elites and the rest of us, it’s only a symptom of decaying set of ideas that have long since lost their luster. We simply must move on to another plan, a plan devised from innovative thinkers.

The Myth of Capitalism

I almost dropped my morning coffee when I scanned the headline “Competition Is Dying, and Taking Capitalism With It,” by Bloomberg contributor Jonathan Tepper. I am not sure why the article popped into view almost a year after its publication, but the fact it did gives me new hope. Bloomberg, as we all know, is not exactly the source we look to for anti-elitist info. That said, Tepper’s report is just and spellbinding. The story begins with an excerpt from Tepper’s book, “The Myth of Capitalism: Monopolies and the Death of Competition:”.

“We need a revolution to cast off monopolies and restore entrepreneurial freedom.”

A “revolution,” the former Lehman Brothers proprietary trading guru says, is the only thing that can save capitalism from certain death. To quote the founder of Variant Perception, a macroeconomic research group:

“Rising market power by dominant firms has created less competition, lower investment in the real economy, lower productivity, less economic dynamism with fewer startups, higher prices for dominant firms, lower wages and more wealth inequality. The evidence from economic studies is pouring in like a flood.”

This flood threatening to drown free choice and free will, it’s been mounting for years while the misinformed public runs headlong into slavery under the oligopoly. There’s no way to sugarcoat the mess the system has become. In the U.S., where freedom and choice are the building blocks of democracy, everything from beer to airline tickets is run by a very few corporations. Google and Facebook, United Airlines and Budweiser, the list of ruling corporate titans is wide, but not very long. Take social media and the recent censorship of NEO and many other independent media outlets for an example. The Bloomberg warning reveals:

“Google completely dominates internet searches with an almost 90 percent market share.........

© New Eastern Outlook