mr smith will show and tell you why the empire isn't a capitalist system and how that plays out;

October 30, 2020

This "capitalism" is only attractive to parasites, predators, kleptocrats, legalized looters, embezzlers, fraudsters and all those insiders whose palms get greased along the way.

Back of the envelope definition of classical capitalism:

1. Transparency in markets, including pricing, information on quality and reliability of products, sellers and buyers, and of rules of conduct and rights governing all participants;

2. Risk is tightly bound to reward, i.e. everyone has skin in the game, those who lose are forced to absorb the entire loss.

2. Open competition, i.e. no monopolies or cartels limiting supply or setting prices;

3. Free flow of capital and labor;

4. Everyone pays the same rates of taxes, duties and fees on every transaction.

Needless to say, what is presented as "capitalism" in America today is not actually capitalism; it is monopoly-state-socialism for the wealthy, a kleptocracy incompetently cloaked by a rigged simulacrum market in which risk and losses are transferred to the debt-serfs and tax donkeys and the "socialism for the rich and powerful" is enforced by a pay-to-play simulacrum democracy and kleptocratic, totalitarian central bank, the Federal Reserve.

In this winner take most, anything goes if you're rich casino, the weaker players are ruthlessly stripmined and exploited and those enterprises without political protection are cannibalized by rapacious, predatory monopolies and cartels.

Parasitic elites take a skim from every table: student loans over here, state junk fees over there; everyone gets clipped by self-serving insiders and entrenched interests........read more.....