Monopolies and Cartels Are “Communism for the Rich”, by Charles Hugh Smith

It’s almost impossible for businesses to maintain monopolies or cartels without the helping hand of government. From Charles Hugh Smith at oftwominds.com:

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.

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