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Monopolies And Cartels Are "Communism For The Rich"

by Charles Hugh Smith

What's unfettered in America is "Communism for the Rich" and the
normalization of corruption that results from the auctioning of
political power to protect monopolies and cartels.

The irony of constantly being accused of being a communist is rather
rich. When I point out that "free market capitalism" in America is
neither a real market nor real capitalism, those who equate any
criticism of "capitalism" as proof of communist leanings are
triggered.

Noting that Marx got monopoly capitalism and alienation right triggers
another group who equate any favorable mention of Marx as proof of
communist leanings.

There are two ironies in these accusations of being a communist. One
is that I've spent 17 years tirelessly critiquing centralized wealth
and power--the acme of communism--as the source of our moral, social
and economic decay.

The other irony is that Communism is absolutely thriving in America in
broad daylight: the monopolies, quasi-monopolies and cartels that
dominate the American economy and governance are Communism for the
Rich.

The core goals and functions of communism and monopolies/cartels are
identical: snuff out unfettered markets (competition, transparent
price information for all participants, etc.) and take control of all
market functions, restricting supply and controlling all regulation
with the sole goals of further concentrating centralized power and
maximizing steady profits (i.e. maximum greed) to benefit those who
own/control the concentrated wealth and power.

And of course both pump out an endless spew of propaganda about the
wonderfulness of the system that benefits the few at the expense of
the many.

This centralized power to benefit the few at the expense of the many
characterizes both Communism and monopolies / cartels. There is no
difference between the two other than the structures of control that
eliminate competitors, regulates supply and keeps prices high enough
to further enrich the already-rich.

Those operating monopolies and cartels in America are in effect a
private-public Politburo, a concentration of wealth that buys whatever
political power is needed to increase profits and protect the monopoly
from threats.

What's unfettered in America is Communism for the Rich and the
normalization of corruption that results from the auctioning of
political power to protect monopolies and cartels. "Markets" and
"capitalism" only exist on the fringes of the economy, but the myth
that America is the home of "unfettered capitalism" is extremely
useful cover for the actual system, which is Communism for the Rich.