Tag Archives: crony capitalism

How Do We Create Value When Knowledge Is Almost Free?

How do we create value in an economy that is increasingly dependent on knowledge? The answer is complicated by the reality that knowledge is increasingly digital and “unownable” and therefore almost free. Financialization as a substitute for creating value has … Continue reading

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You Can’t Separate Empire, the State, Financialization and Crony Capitalism: It’s One Indivisible System

Disagreement is part of discourse, and pursuing differing views of the best way forward is the heart of democracy. Disagreement is abundant, democracy is scarce, despite claims to the contrary. If you think you can surgically extract Empire from the … Continue reading

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When Capitalism Turns to Cannibalism

With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital … Continue reading

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Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies

The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies. In the Fed’s eyes, your reason for being is to channel whatever income you have to the Fed’s private-sector … Continue reading

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The Case for Nationalizing Monsanto

Ridding the world of Monsanto via a state buy-out would be a boon to humanity. Capitalism fails in two situations: monopoly and state-capital cronyism. Monopoly extinguishes competition and that effectively extinguishes capitalism. When the elites of the state and private … Continue reading

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