was america built on limited-fortunes capitalism & destroyed by unlimited-fortunes capitalism?
altho jefferson & lincoln warned against the corporation, [which never dies & so could get round their inheritance provisions to prevent unjust wealth & power concentration] the american rulers [the people] failed to prevent unjust wealth & power concentration [robber barons, corporations, multinationals, tammany hall politics, strangulation of govt by oilmafia etc] - & now america has the usual symptoms of tyranny: corruption, monopolism, fascism, oppression, economic breakdown
[eg, 7 of top 10 banks gone to japan, japan & others taken over electronics & car industries, big business interference with freemarket, competition & govt, galloping debt [to japan & others], tokyo worth as much as usa + europe, etc]
By: nigelbestpeace
Tags: Clergy, Corruption, Fascism
October 7th, 2009 at 20:31
First of all, America has never had any restrictions on the accumulation of capital, besides taxes, that is. America was built on the free market economy model. A man can rise as far as his ambitions and talents can take him. It originally espoused the idea of ’survival of the fittest’; the government did not support or assist the poor, the old, or the infirm.
Secondly, America is not yet destroyed, although your point is well founded. Corporations now WRITE the laws. Congressmen who sell their offices want the buyers to write the legislation, too.
Thirdly, there is no such thing as ‘unjust wealth’, except that which is stolen. Bill Gates has justly accumulated every penny he has. More power to him. If I support limiting his ability to accumulate wealth, I am doing the same to myself. At least I have something to work for if I know that I can keep the money I earn. The alternative is socialism.