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Reply #117: I would argue that capital becomes concentrated in the hands of the few.... [View All]

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AntiFascist Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 03:34 PM
Response to Reply #88
117. I would argue that capital becomes concentrated in the hands of the few....

largely through corruption and corrupt practices. This happens repeatedly throughout history and, as you pointed out above, also happens as a result of planning and deploying major wars. This should be more than painfully obvious in our current engagement in Iraq, and particularly within both Bush I and II administrations. This happens because the non-wealthy masses are so easily outsmarted and mislead, and unfortunately it also provides motivation for keeping the masses uninformed and stupefied. The ludicrous pyramid scheme of Enron, the short-term advantages of sub-prime mortgages, taking high-tech companies public on false and misleading information, tremendous no-bid contracts for repairing infrastructure that is damaged from war or acts of nature: these are all examples of methods whereby capital is funneled back into the hands of the few.

I will continue to argue that this is not "capitalism at its finest" but rather much more like "socialism for the wealthy." With the proper laws in place and incorruptible people in charge to uphold those laws, I believe the situation can be reversed.
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