Video Post – Introduction to In Depth Capitalism Series

A frequent topic here is the staggering success of the rich and corporations in extracting income and wealth from the economy. In my 1.2.2024 post, Three charts that define the last 45 years in the US, I described how the rich and corporations have used a set of policies and —>> read more –>>

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th was marked by a deep reaction to the monopolistic practices of large companies then. This —>> read more –>>

The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook, Google, Amazon, Apple, and Microsoft are just a new face of the predatory monopolists of the Rockefeller Standard Oil age. —>> read more –>>