Thursday, June 19, 2014

Yves Smith — How Oligopolies Undermined Competitiveness and Produced Inequality


More on the neoclassical myth of the free market that provides the foundation for neoliberalism, neo-imperialism, and neocolonialism. Ordinary Americans were OK with neo-imperialism and neocolonialism when they were among the beneficiaries through trickle down. Not they are now noticing that they themselves are becoming marks. It always comes down to asymmetrical power, which the mob's crony-run propaganda machine in turn always suppresses.

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