FUNDAMENTALLY, I’M IN SEARCH OF AN ECONOMIC SYSTEM WHICH WORKS FOR MOST OF US
THE CURRENT AMERICAN BUSINESS MODEL CLEARLY ISN’T IT. MUCH MODIFIED, IT COULD BE.
One of the critical weaknesses of the current American Business Model is that it is monopolistic in market sector after market sector.
Given that competition is fundamental to the way efficient capitalism works (or is supposed to work) that is clearly a disastrous trend.
After all, without competition, all you have got is a bunch of vast corporations with enough clout to do pretty much whatever they want—which is exactly what they do.
The following chart illustrates that point to perfection.
The rising costs of the monopolistic cable and internet service providers show exactly what happens when there isn’t enough competition in the marketplace.
So why exactly does the U.S., supposedly the absolute bastion of capitalism, allow this—when anti-trust laws are on the books?
Because large corporations have been able to buy control of the U.S. political and legal systems—and thus neutralize whatever laws they don’t like.
The end result is neither representative democracy nor free-market capitalism. It’s a plutocracy running a rigged economy—which also has enough clout to block reform.
This is the current U.S. situation.
Can it be changed?
Is there enough vitality left in the U.S. Constitution to implement the necessary reforms?
I simply don’t know.