When Capitalism Turns to Cannibalism

http://investmentwatchblog.com/when-capi...ibalism-2/

Quote:by Charles Hugh-Smith

When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to earn a return in a competitive, transparent marketplace, or do you mean cartel-state capitalism, or crony-capitalism, or monopoly capitalism or finance capitalism, i.e. the types that dominate the global economy?

As long as most startups crash and burn, and anyone with a few bucks and plenty of inner drive can start an enterprise, authentic capitalism still lives. But let’s face it, authentic capitalism occupies a diminishing corner of the U.S. and global economies.

With a work force of 150 million and around 120 million fulltime workers, the U.S. economy has about 6 million small businesses with employees and a few million self-employed (sole proprietors) who earn a middle-class livelihood: Endangered Species: The Self-Employed Middle Class.

The political and financial influence of small business and the self-employed barely registers on K Street, Wall Street and in Washington D.C. Politicos praise small business in the same way they speak of small family farms as the backbone of American agriculture–as a form of pandering for PR purposes while they pocket the big campaign contributions from Monsanto and Big Ag.

Meanwhile, in the real world, small business is in decline while corporate money floods the financial sector and Washington D.C.

The Washington Post published a study that found U.S. businesses are being destroyed faster than they’re being created. While not exactly a surprise, this is sobering evidence that small enterprise is in structural decline

Read more at http://investmentwatchblog.com/when-capi...EriPoOw.99

finally someone latched on to the problem in a bit of detail.....

Capitalism as we know it is dead..done, ripe and finished. but they must generate a profit or the system collapses, most wealth denominated by a fictitious market disappears, everybody broke...which is the case just that it has not fallen down as yet...the jakass system..flim flam all the way

[size=14pt][color=maroon]but adam smith's idea of capitalism has not disappeared..the kind of capitalism i like.society will always need that kind of business as far as I see..until some advanced point at which we may not need to do business anymore for whatever reason

but the fraud rape of humanity they call capitalism based on plunder, corruption of everything that humans do, corruption of society as a whole to produce an accumulative extravaganza for a 1% ..that is done.  it has produced human catastrophe and threatens to take the entire human species with it to  its grave.  it is now cannibalizing society itself, destroying the human body and the human environment...all for profit[/color

this is what sketchim supports when eh talks about Greece as a business.  the cannibals do not need Greece as a business. they need Greece as they are re-making it now.  watch and learn and be very afraid for where you live][/size]