The Triumph of Monopoly Capitalism is Hurting American Workers’ Life Expectancy — John Buell

Miller concludes, “The best way to get astronomically rich in America is to acquire monopoly power to extract wealth from workers, consumers, entrepreneurs, small businesses, and, through tax breaks, subsidies, and contracts, our government itself. Monopolies are powerful generators of the inequality that progressives decry.”

The chief weakness of capitalism under bourgeois liberalism is government capture, e. g., through legalized bribery (lobbying and campaign finance) and the revolving door. The ultimate reason that republics are subject to capture by special interests is class power. This version of oligarchy is the liberal side of feudal aristocracy resulting from the 18th century Enlightenment out of which bourgeois liberalism grew.

Counterpunch
The Triumph of Monopoly Capitalism is Hurting American Workers’ Life Expectancy

John Buell