Thursday, December 25, 2014

Capitalism, Slavery, Monopoly, Plutocracy

Capitalism has demonstrated a tendency to generate monopolies and slavery, thereby indicating that, at minimum, neither of those formations is precluded in the system. Hence, in other words, Capitalism has evinced a propensity to revert to the Feudalism that it was conceived by Smith to supersede. So, subsequent U. S. government intervention in those developments suggests that the system has more in common with Plutocracy than with Democracy, regardless of the posturing of contemporary advocates of laissez-faire Economics.

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