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Health Care & Environment
11.18 Air pollution levels ‘forcing families to move out of cities’ [like from desertification, lack of drinkable water and rising oceans, there will also be pollution-caused immigration until humans fix things]
11.17 Policies of China, Russia and Canada threaten 5C climate change, study finds [Climate catastrophe is increasingly likely without worldwide organization, funding and commitment to winning THE WAR AGAINST GLOBAL WARMING.]
11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]
11.15 The Earth is in a death spiral. It will take radical action to save us [fossil fuel burning, un-recyclable plastic production/use and methane gas release must cease ASAP.]
11.15 The long read: The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]
11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]
11.12 This Land is Your Land: The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]
News Media Matters
US Politics, Policy & 'Culture'
11.19 Last Week Tonight with John Oliver 11/18/2018 (HBO) [29:26 video]
11.19 Trump Says He Was 'Fully Briefed' and Also 'Not Briefed Yet' But Either Way Saudi Crown Prince 'Absolutely' Not Involved Because Trump Knows 'Everything That Went On' Without Listening to Tape of Khashoggi Murder
11.19 'We Need New Leaders, Period': Progressive Newcomers Urge Democrats to Embrace Bold Agenda or Face Primary Challenges [Current Democrat leaders are highly compromised by corporate donations]
11.18 Trump says Pelosi deserves speakership, offers Republican votes [An affirmation of Pelosi's unsuitability]
11.18 Khanna to Pelosi: Don't Just Create Green New Deal Select Committee, Make Ocasio-Cortez Its Chair [Will Pelosi earnestly change, or end her career in disgrace?]
11.18 Chuck Schumer, Feckless Hack [Neoliberal Democrats must go!]
11.18 What the State of the VA Tells Us About Trump’s War on Welfare [Privatizing often results in outright fraud and higher costs by private prisons, privatized health insurance and health care, privatized public schools and online "colleges" like Trump University]
11.17 As Energy for Medicare for All Explodes, Steny Hoyer's Plan Includes Waiting for Trump to Help Make Obamacare Better [Another who is unfit to be Democrat leader]
11.17 'A Staggeringly Bad Idea': Outrage as Pelosi Pushes Tax Rule That Would 'Kneecap the Progressive Agenda' [Unfit to be Democrat leader]
11.14 The Guardian view on Yemen’s misery: the west is complicit [WAR CRIMES]
Economics, Crony Capitalism
11.19 Bankrupt Sears wants to give executives $19 million in bonuses [blatantly immoral and sick to richly reward those who led the company into the bankruptcy]
11.18 Big Pharma Bankrolled Pro-Trump Group As Trump Pushed Pharma Tax Cut [Corruption Central!]
11.16 Amazon’s HQ2 Will Get a Tax Break Designed to Help the Poor [a Republican program that directly helps participating wealthy companies—but only helps workers if and when 'trickle-down' occurs.]
11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]
International & Futurism
11.18 France demands UK climate pledge in return for Brexit trade deal [Excellent!]
11.17 Thousands gather to block London bridges in climate rebellion [We're losing WWIII because the enemy is invisible while we're like frogs slowly cooking. We aren't informed enough to be alarmed, but must get organized and motivated to fight back. We need a War Plan to ruthlessly pursue the fight of our lives!]
Barry C. Lynn's "Cornered: The New Monopoly Capitalism and Economics of Destruction"
Thursday, 4 March 2010
Without antitrust enforcement, monopolies now run America. It will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens.
Lynn is director of the Markets, Enterprise, and Resiliency Initiative, a senior fellow at the New America Foundation, and author of "Too Big to Fail" about the dangers of monopoly capitalism.
He expands on the threat in his newest book titled, "Cornered: The New Monopoly Capitalism and the Economics of Destruction," explaining today's peril given the power of predatory giants.
They control governments, the courts, war and peace, dominant information sources, and essential services, including health care, air and water, what we eat and drink, where we live, what we wear, and school curricula to the highest levels. They own genetic code patents, basic human life elements to be commodified the same as toothpaste, tomatoes or toilet paper.
Omnipotent, they plunder recklessly, ruthlessly at our expense. They're private tryannies, endangering humanity, basic freedoms, environmental sustainability, and planetary survival. Without exaggeration, they're unaccountable, unchecked "weapons of mass destruction."
In "Cornered," Lynn explains the danger and urgency to address it. Our lives and futures depend on it.
It might have been different had Thomas Jefferson and James Madison prevailed over John Adams and Alexander Hamilton in crafting America's Bill of Rights. They wanted 12, not 10, including "freedom from a permanent military (and) monopolies in commerce."
Imagine the possibilities had they prevailed, or if early leaders agreed with Jefferson in 1816, seven years after his presidency, saying in a letter to a friend:
Earlier, he opposed chartering the first Bank of the United States, a 19th century version of today's central bank, what Andrew Jackson called a "hydra-headed monster," and Lincoln described as predatory money powers "more despotic than a monarch, more insolent than autocracy and more selfish than a bureaucracy." He feared they'd accumulate enough wealth and power to destroy the Republic, similar to former Supreme Court Justice Louis D. Brandeis' view saying, "We can have democracy in this country, or we can have great wealth concentrated in the hands of the few, but we can't have both."
Others call it fascism or a reasonable facsimile with elements including:
Lynn's book tells why, beginning in his preface titled, "Of Rule and Ruin," saying he warned about monopolization dangers because:
His book is "a chronicle of a death foretold, and the corpse on the street (is) the American Republic." Consolidated corporate power and the political complicity behind it means monopolists run the country and the world, justifying it as free-market fundamentalism - a corrupted deception masking predatory dominance that destroys democratic freedoms.
Ronald Reagan accelerated it when government stopped enforcing antitrust laws, and encouraged consolidation, production outsourcing, destruction of America's manufacturing base, the offshoring of high-paying jobs, financialization's ascendency and power of Wall Street, and the ability of corporate predators to break the law and get away with it, today more than ever under Obama.
Lynn calls his book "a sort of tour of monopoly in all its many guises, in the United States today....how monopolists rip us off as consumers, raising the prices we must pay" for everything including essentials becoming more unaffordable. He covers new monopoly forms and others thought long ago vanished. Understanding them is key to knowing the dangers, from phenomena including:
The auto industry is instructive, Lynn saying it "resembles the Hydra, the many-headed monster from Greek mythology." Like their heads relying on one body, the automakers "increasingly rely on a single common body of companies that supply the same components to all of them."
In today's hard times, they stand or fall together, governments facilitating consolidation and bailing out the majors, or in other words, socializing risks, privatizing profits, and doing it for other endangered sectors, Wall Street getting the most by far from a privatized central bank they own and US Treasury they control.
Lynn structures his book in three parts:
Combined, he reveals a neofeudalist system of vast size and power, dominating all major American and global industries, consolidating for greater strength, partnered with governments, operating ruthlessly, crushing competition, exploiting workers, and colluding for greater control, the public welfare be damned.
Without antitrust enforcement, monopoly options include:
These practices made the land of "free-market capitalism" the land of monopoly, Lynn calling it nothing mysterious, saying:
Our system's single biggest problem is having ceded "almost complete power over these institutions (to) a class of people whose interests (aren't) served....by building things but by breaking" them. Capitalism lets some people "use the power in concentrated capital to harness free citizens" and crush democratic freedoms.
As a result, monopolies run America. Antitrust enforcement is null and void, and according to Lynn: "It will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens."
Getting money out of politics is key - the reality that big money dictates policy, pre-selects candidates, predetermines outcomes, gets the best democracy it can buy, assures a de facto one-party state, and a dominant media trumpeting the best of all possible worlds that's, in fact, corrupted, broken, despotic, and ruinous by benefiting the rich against the rest.
Short of sweeping fundamental change, nothing will deter corporate giants from securing total global control in a world intolerable for most, the direction we're now heading unless mass people power stops them. There's no other way! So what are we waiting for?
Listen to Lendman's cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
Mr. Lendman's stories are republished in the Baltimore Chronicle with permission of the author.
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Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.This story was published on March 4, 2010.
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