Monopoly Capitalism Watch

The Cruelties of Capitalism…

 

c

From This Can’t Be Happening

London – The many criticisms of capitalism leveled over a century ago by Karl Marx, the co-author of the Communist Manifesto, may prove to be more right than wrong.

Evidence both anecdotal and empirical of many of Marx’s observations abounds across London, the city where the German-born Marx, who held a doctorate in philosophy, lived for three decades before his death in 1883.

Income inequity – an element of the capitalism Marx criticized – is at historic high in Britain as in the US.

The richest ten percent in Britain live 100 times better off than the poorest, according to a report published last year in the Guardian newspaper.

In London, the richest capital city in Europe, 41 percent of children live in poverty, according to statistics listed in a Museum of London exhibit.

That Guardian report placed average household wealth for Britain’s top ten percent at the equivalent of $1.3-million-U.S. dollars compared to the equivalent of $13,531 for Britain’s poorest.

Marx stated that the accumulation of wealth “at one pole is, therefore, at the same time, accumulation of misery.”

Did Reagan Kill Entrepreneurialism? Yes, He Did…


t
From THOM HARTMANN

[What to do? Undo Reaganomics. Restore and enforce Sherman Anti-Trust Act. Pass Single-Payer Health Care. Wipe out all outstanding student loan debt, and make a public college education free in America for every student who is eligible.]

American entrepreneurialism is dying a slow and steady death. A new report out from The Brookings Institute paints a pretty dreary picture of entrepreneurialism in America over the past 30 years. As Brookings points out, the firm entry and exit rates (essentially the creation and death of businesses in America), a good measure of the vitality of entrepreneurship, decreased by nearly 50% percent between 1978 and 2011.

Follow

Get every new post delivered to your Inbox.

Join 4,680 other followers