Skip to main content

   Interestingly, the US Bureau of Census “Statistics of Small Business" provides verifiable proof that the U.S. economy has moved towards monopolization and oligarchization:

- Approximately 75% of all businesses in America have no payroll at all, none whatsoever.

- These 75% of the total number of all businesses (with no employees) account for only about 1/30th of the total revenue.

- If we look at business with 100 or more employees we see that we can account for .004% of the total number of firms in the US, yet, we see that this miniscule quantity represents nearly 75% of the total business income.

- Of this grouping of businesses that account for the vast  majority of corporate revenue, we can see that .004% of the firms employ nearly 60% of all the workers in the US, and account for nearly 75% of the total revenue.

    The accumulation of capital buys power which corrupts all governing/regulatory bodies and eventually and invariably lead to monopolies as can be seen today. Barry Lynn's book and lecture from last year illustrated this phenomenon quite well. Lynn has also pointed out how multinational corporations have weakend America's resiliency by outsourcing productions lines across the globe:

...According to Lynn’s groundbreaking book End of the Line, the essential problem is a basic shift in the way that American multinationals operate. In the 1980s, the competitive manufacturing threat from Japan led most large companies to eliminate waste in their production facilities. As a result, they stopped keeping spare parts on hand. Eventually, companies began outsourcing production itself, as profits came increasingly from extractive monopolistic power over an economic system. Walmart is an important example; its profits come from the power it can exert on its suppliers, telling them what to make and how to make it, while the company itself functions as a giant autocratic marketplace and trading operation. Increasingly, this is the model of success in our global economy. Boeing, Cisco, Apple—all of them rely on their power over an ecosystem of production facilities halfway around the world. They have become rent extractive profit-machines, which is a relatively new phenomenon.

It was in the 1990s that American multinationals, spurred by government policy, began outsourcing operations to China. At the same time, the Clinton administration steadily relaxed antitrust enforcement, leading to massive corporate consolidation and the creation of the virtual firm. By the early parts of the last decade, the ideal American multinational made its profits by using its market power to gut labor and supply prices and by using its political power to eliminate taxation. All of this turned giant American institutions against making things. This is why we rely on a British factory to make our flu vaccine, why global videotape production was knocked offline by a tsunami and why that same event slowed the gigantic auto industry. US corporate leaders now see the idea of making things as a cost of doing business, one best left to others. What has happened as a result is that much of the production for critical products and services that make our economy run is constructed by a patchwork global network of suppliers all over the world in unstable regions, over which we have very little control. An accident or political problem in any number of countries may deny us not just iPhones but food, medicine or critical machinery.

    Now one would think that a country's ability to withstand supply chain shocks and possible economic collapse would be a top priority of political leadership, but what we have seen is actually just the opposite. Corporate welfare at the expense of the masses is continuing unabated and supported by both parties, as pointed out by Cenk Uygu in the following video:

       

    Here is the Matt Taibbi article referred to by Cenk Uygu in the above video:

   

Matt Taibbi - Corporate Tax Holiday in Debt Ceiling Deal - Where's the Uproar?

    For those who don’t know about it, tax repatriation is one of the all-time long cons and also one of the most supremely evil achievements of the Washington lobbying community, which has perhaps told more shameless lies about this one topic than about any other in modern history – which is saying a lot, considering the many absurd things that are said and done by lobbyists in our nation’s capital.

    Here’s how it works: the tax laws say that companies can avoid paying taxes as long as they keep their profits overseas. Whenever that money comes back to the U.S., the companies have to pay taxes on it.

    Think of it as a gigantic global IRA. Companies that put their profits in the offshore IRA can leave them there indefinitely with no tax consequence. Then, when they cash out, they pay the tax.

    Only there’s a catch. In 2004, the corporate lobby got together and major employers like Cisco and Apple and GE begged congress to give them a “one-time” tax holiday, arguing that they would use the savings to create jobs. Congress, shamefully, relented, and a tax holiday was declared. Now companies paid about 5 percent in taxes, instead of 35-40 percent.

    Money streamed back into America. But the companies did not use the savings to create jobs. Instead, they mostly just turned it into executive bonuses and ate the extra cash. Some of those companies promising waves of new hires have already committed to massive layoffs...

    The law that says corporations do not have to pay taxes on profits overseas is one of the reason there has been a mass exodus of jobs out of the US to overseas locations, so that not only are labor costs lower but the profits made on that labor are not taxed.

Taibbi continues...

The madness that is the proposed tax repatriation holiday is continuing and gathering steam. More and more members of congress are coming out of the woodwork, scratching their chins in contemplative consideration as it were, pretending that they’ve just realized what a great day a corporate tax holiday would be – not that they’ve taken gazillions of dollars from the firms lobbying for it or anything.

    The latest convert seems to be Nevada Democrat Shelley Berkley. Berkley’s plan is to offer a pseudo-holiday – not the full-fledged happy-ending massage the companies wanted (i.e. a reduction from 35 percent+ to 5.25 percent) but a mere ten-point shave:

        Representative Shelley Berkley, a Nevada Democrat, is the latest lawmaker to consider legislation allowing multinational companies to send offshore profits to the U.S. at a reduced tax rate.

        Her proposal, which was confirmed yesterday by Berkley’s communications director, David Cherry, would allow companies to return profits to the U.S. at a 25 percent tax rate, 10 percentage points below the maximum statutory rate. Most companies publicly supporting a holiday, such as Duke Energy Corp., have spoken favorably of the 5.25 percent rate that is being offered by Representative Kevin Brady, a Texas Republican.

    One thing that people must understand about this tax repatriation business is that it’s a wholly bipartisan affair. It’s not solely the work of evil Republicans. This is a scheme that requires heavies in both parties to help ram the knotty, hard-to-sell legislation through. On the Democratic side, unsurprisingly, the main actor is going to be Chuck Schumer. John Kerry is also involved with this nastiness. Barbara Boxer led the 2004 effort and the failed 2009 campaign to get a holiday, and is rumored to be lurking somewhere in this business.
...

    For another brief, easy-to-understand article on the corporation welfare scam, read
"How Do Corporations Dodge Taxes".

    As was revealed recently, the end game for corporations is to entirely privatize the government which is seen by corporations as a barrier towards the further exploitation and control of people and resources. Just to explain the similarities with America that are occurring in Europe, the country of Greece is presently being privatized because of its debt. The corporations are buying off the lands and even the islands because of their indebtedness. This is an ideal situation for more predatory behavior by the likes of the Koch brothers and others in America. The real enemy of the American citizen will be a society completely dominated and controlled by corporations with only the facade of a 'government' left over. It's already bad enough that many of the influential government posts are handed over to former corporate executives; it's no different than having the wolf guarding the hen house. This will produce an oligarchic state no less similar to the foreign, puppet governments that the United States presently supports. These foreign governmental leaders, like those in Haiti and Honduras, are themselves run by oligarchies and are backed by the United States and its policies, which are essentially the business interests of U.S. corporations. They easily can disrupt democratic reform and outlaw majority parties that do not follow the interests of the United States. It is obvious that the bullies in the United States are doing the same thing to the American people as has been done by proxy with puppet governments and their citizens. In that respect, we are becoming a 'Banana Republic'!

Originally posted to XRAYMIKE79 on Sat Jul 30, 2011 at 11:11 AM PDT.

Also republished by Community Spotlight.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  tipped and rec'd just for that amazing (23+ / 0-)

    Cenk video.  

    If even 50% of the population really understood how the uber-rich are screwing us, there would be riots in the streets.  But they won't and they can't because it is not talked about in the media because the media is owned by the uber-rich.  I blame Reagan.  Deregulation and the end of anti-monopoly laws have resulted in the utter take over of this country by the corporate elite.  I just don't see how we will ever be able to take it back.

    •  Still, this pales to the Debt Limit Scam. (13+ / 0-)

      This default or anything really close to a default will produce two immediate effects:

      -- Interest rates increase for every new loan and by resets to every ARM mortgage

      -- The stock markets tank worldwide

      Since Americans are up to their asses in $2,450-billion in personal loans, a 1% rise to interest rates gives a criminal pay-off to the banksters of $24.5-billion a year.

      That's $24.5-billion a year right off and not much hope of improvement.

      Then there's the monster smash-and-grab -- Big Short !!

      We're figuring that there's $30-billion to be made on shorts/bets against the stocks we follow. Lord knows how much can be made on stocks worldwide.

      Financial Capitalism is run by a management class that knows it has immunity from prosecution. Proof should be obvious from the headlines:

      -- George Anderson, vehicular homicide

      -- Dominique Strauss-Kahn, rape

      They also walk away with their loot despite 86ing their own firms. Over $1-billion went and stayed with the five guys who bankrupted Lehman Brothers.

      Trashing the organizations of Productive Capitalism doesn't mean shit to these crooks.

      Angry White Males + Crooks + Personality Disorder psychos + KKKwannabes + "Unborn Child" church folk =EQ= The Republicans

      by vets74 on Sat Jul 30, 2011 at 06:26:09 PM PDT

      [ Parent ]

    •  If 50% understood (7+ / 0-)

      Proof Murdock is not just out for viewers.  Not just a mindless rabble-rouser.  He's a propagandist with a mission.

      I'm a fucking retard.

      by Helpless on Sat Jul 30, 2011 at 07:21:37 PM PDT

      [ Parent ]

      •  The Murdoch Implosion (0+ / 0-)

        is enjoyable to watch on mainstream media news, but oddly ironic since he represents what MSM, in general, represents - total smoke and mirrors, staged theatrics, and commercialized sounds bites that have no real meaning but to manipulate and misinform the public.

        Humans... How brief their flames, yet how brightly they burn.

        by XRAYMIKE79 on Sun Jul 31, 2011 at 06:39:30 AM PDT

        [ Parent ]

    •  The "Too-Big-To-Fail" Model (1+ / 0-)
      Recommended by:
      jm214

      is eventually self-eliminating, but it risks taking all of us down the drain with it.

      Humans... How brief their flames, yet how brightly they burn.

      by XRAYMIKE79 on Sun Jul 31, 2011 at 06:46:30 AM PDT

      [ Parent ]

  •  "One political party with two right wings" (22+ / 0-)

    Gore Vidal, and so many others, saw it happening in the 70's and before. Ever since the collapse and abject capitulation of the Democratic Party in the 80's, we have lacked any representation whatsoever.

    But we don't want to hear that. It's much easier and far less scary to pretend that "the adults are in charge" or that "the issues are just too complex", or the worst of the lot, that "there just isn't enough (support, money, time, will) to make the changes".

    We've become a nation of greedy cowards with everyone hoping/believing that they will get a seat when the music stops and fuck-all for everyone else.

    "Those who can make you believe absurdities can make you commit atrocities." - Voltaire

    by Greyhound on Sat Jul 30, 2011 at 05:29:29 PM PDT

  •  Tipped, rec'd, and YOINK! (8+ / 0-)

    I'm writing a diary on the old "Corporations don't pay corporate tax, they just pass it on to their customers" canard.

    Thanks for the diary idea!

    Cynic, n: a blackguard whose faulty vision sees things as they are, not as they ought to be.

    by Fed up Fed on Sat Jul 30, 2011 at 05:36:26 PM PDT

  •  For those that missed it, (5+ / 0-)

    highly recommend When Patents Attack on "This American Life.  The take-away is that there's big bucks to made from buying up "bad" patents and demanding money from product manufacturers that somehow infringed on the patent.  

    •  Not all patents are bad (0+ / 0-)

      There is another side to this story and it has to do with how large corporations trample genuine little inventors.

      Remember that film about theintermittent windshield wipers, A Flash of Genius?

      One day I'll tell you my story if you buy me a beer.

      Dailykos.com; an oasis of truth. Truth that leads to action -1.75 -7.23

      by Shockwave on Sun Jul 31, 2011 at 12:04:53 AM PDT

      [ Parent ]

      •  Corporations stifle the small guy. (1+ / 0-)
        Recommended by:
        Shockwave

        Bullies don't like competition. Just like the mob protects its turf, so do corporations. If they have to, they'll pull out their big guns via the military industrial complex.

        Humans... How brief their flames, yet how brightly they burn.

        by XRAYMIKE79 on Sun Jul 31, 2011 at 06:28:51 AM PDT

        [ Parent ]

        •  It's like the business life-cycle has disappeared (1+ / 0-)
          Recommended by:
          Marie

          from the curricula.

          When a company gets to a critical size there is no way to expand profits other than to shed workers. Every business this and all preceding governments for the last 30+ years has poured ever-increasing resources into propping up huge companies at the expense of the small.

          "Those who can make you believe absurdities can make you commit atrocities." - Voltaire

          by Greyhound on Sun Jul 31, 2011 at 08:39:48 PM PDT

          [ Parent ]

      •  "When Patents Attack" is about software (0+ / 0-)

        patents that are too generic and obvious to be granted.  And until the federal courts weighed in were usually denied.   This had given rise to a new industry -- patent trolls that kill off innovation among "little guys" and bucks from the "big guys."

  •  Rent extractive profit-machines (5+ / 0-)

    I don't think there's anything new about that. It was how the British Empire operated through its subsidiary East India Company and other corporate shells. The landed gentry have always treated peons as disposable commodities that can be discarded once we've outlived our usefulness.

    How quickly the Pacifist becomes the Warrior when it's "our side" doing the killing.

    by edg on Sat Jul 30, 2011 at 08:16:01 PM PDT

  •  I read this stuff and I'm just like... (9+ / 0-)

    Tipped and Recc'd. Great diary. I'm going to go punch a wall now.

    Will work for food
    Will die for oil
    Will kill for power and to us the spoils
    The billionaires get to pay less tax
    The working poor get to fall through the cracks
    -James McMurtry

    -9.75/-8.26

    by SwedishJewfish on Sat Jul 30, 2011 at 08:44:10 PM PDT

  •  Suggested reading (2+ / 0-)
    Recommended by:
    XRAYMIKE79, Floande

    if you want to know how the Kleptocrats pull it off I suggest the book "Winner Take All Politics" by Jacob S. Hacker and Paul Pierson. I'm reading it right now and it's very interesting.

    Will work for food
    Will die for oil
    Will kill for power and to us the spoils
    The billionaires get to pay less tax
    The working poor get to fall through the cracks
    -James McMurtry

    -9.75/-8.26

    by SwedishJewfish on Sat Jul 30, 2011 at 08:49:17 PM PDT

  •  boycott the thieves until they agree to pay (3+ / 0-)
    Recommended by:
    Shockwave, XRAYMIKE79, jm214

    their fair share of taxes and contribute to the society that generates their wealth!

    don't buy any products from the big corporations!

  •  Corporations increasingly rule us (8+ / 0-)

    XRAYMIKE79 is correct. The allmighty corporate masters increasingly rule many sectors of our society.

    China abuses many of its workers by paying them a pittance and overworking them, so our corporations think it is ok to undercut American workers by buying stuff from China instead of paying American workers to produce the same product. We will NEVER be able to compete on price, when China pays $1.00 an hour to their workers. There are some exceptions, but too many of the Chinese products are inferior to equivalent U.S. made products. Since the tax laws heavily influenced by Republican legislation over the years, do not punish companies for outsourcing overseas, the companies will continue to destroy American jobs in the name of profits.
    And many of the Republican middle class sheep go along with their masters' plans to replace them with cheap labor.  Why would anyone who is middle class or below vote for a Republican is beyond me. The Republicans are very successful at brainwashing half our population. The Democrats should learn some of their techniques!

    Everything is done to the lowest bidder, for example, the disaster American cars (i..e I finally got a Japanese car after suffering through several American lemons over the years) -
    the Toyota runs and runs and doesn't fall apart like the American cars I have owned.

    I know repub people who get real defensive when it comes to government contributing anything to the quality of life for us all. As far as many brainwashed repubs, the less government the better, even if it cuts their own throats. From the West Virginia mine disasters to overbuilding of house/condo developments resulting in horrible traffic gridlock.

    Social Security? National health care?  Medicare?  Pensions? Fair salaries? No! Republicans view on these is to just screw everyone in the U.S. and use the money for more defense spending on weapons system and useless wars.

    The Republicans are the reason we have a paranoid population of sheep who have the TSA wanting to probably next look up their bungholes to determine if Grandpa or Grandkid is a terrorist.

    Our radio waves play nothing but top 40 and phony country music that has the same vocal inflections and tunes done over and over again to death. Every radio station is a clone of the next. The shopping centers have the same lame chain fast food restaurants and mundane sit-down restaurants that are corporate chains with tasteless food.

    Everything the corporate masters (i.e. not the mom and pop businesses which are frequently innovative) do is frequently crap.

    I wish Democrats in Congress would not give the Republicans any breaks at all in legislation. The Democrats should ignore the Republicans views, since the Republicans are selfish and wish great harm among most of us "little people" in the U.S.

    •  Military Industrial Complex (2+ / 0-)
      Recommended by:
      Floande, jm214

          Nice post. These days, however, I consider myself apolitical since it's hard to tell one party from the other, especially imperial President Obama from W. Bush. I suppose if I had to pick a politician whose views I liked overall, it would be Dem Dennis Kucinech.
           I'm glad you mentioned the horrific military industrial complex, which I would like to write about for one of my next articles.

      Humans... How brief their flames, yet how brightly they burn.

      by XRAYMIKE79 on Sun Jul 31, 2011 at 05:38:23 AM PDT

      [ Parent ]

  •  Great diary! It should be in Recommended (3+ / 0-)
    Recommended by:
    XRAYMIKE79, Floande, jm214

    Thanks for posting the Cenk video too.

    Dailykos.com; an oasis of truth. Truth that leads to action -1.75 -7.23

    by Shockwave on Sun Jul 31, 2011 at 12:00:17 AM PDT

  •  Our government is ripe with corruption, thanks (5+ / 0-)

    mostly to the GOP.  This bugs me because I am basically broke
    and owe a considerable amount of tax to the government (due to some unfortunate and unusual occurrences in my life.  I'm on unemployment right now because I was laid off my part time teaching job recently.  Yet the IRS threatens me all the time.  They insist that I pay at least $400 month which they plan to escalate in the future otherwise they will garnish my unemployment.  AND THIS IS THE GOVERNMENT THAT ALLOWS CORPORATIONS ALL THESE OUTRAGEOUS TAX BREAKS.  I can see in my future that there is going to be a very nasty conversation between me and the IRS.  I was once proud of this country. Not any more.  There is nothing exceptional about a government which embraces injustice and corruption.  That is the sad thing about human beings.  You can give them a gift as wonderful as the democratic American government created by the founding fathers and they will screw it up because of self serving corruption and a lack of integrity.  You give human beings enough time and throw a little money in the mix and they can fuck up a steel ball.

  •  Where's the outrage? I'll tell you.... (2+ / 0-)
    Recommended by:
    XRAYMIKE79, jm214
    As was revealed recently, the end game for corporations is to entirely privatize the government which is seen by corporations as a barrier towards the further exploitation and control of people and resources.

    This is the agenda. Ok, there's no other way to look at it. Anybody on the left who doesn't see that and the fact that both parties are complicit is well, ____ (fill in the blank).

    Here's the problem the left faces: the fact is "the people," whether they admit it or not, actually want that to happen. The people want the corporate oligarchy to run the government without minimal interference. That is why there is no outrage. Cent of course rants that they "don't know," they don't know because the choose not to know--they know, really they just don't want to deal with the cognitive dissonance of wanting to still be in the American tradition of a Constitutional republic as they were taught to want and really, in their hearts of hearts, wanting to live in a fascist and/or neo-feudal state where there is a minimum of ambiguity and higher-brain functions are left to the elites.

    I know polls say this and that--but I no longer believe polls because the results of polls are seldom reflected in actions. People will claim, for example, that it is good to help the less fortunate--but when push comes to shove they really don't want to help the poor. Suddenly the become "undeserving" (how do you know that?) and "lazy" or whatever epithet Fox News will help you make up to, again, avoid cognitive dissonance. The same thing with creating enemies. The MSM has no trouble demonizing foreigners. Usually the just put up a face of a very foreign-looking person like Noriega (once in the pay of the CIA), Castro, Chavez, Saddam (once in the pay of the nearly everyone), Khomeni, Qaddaffi (in several incarnations) so that people can be encourage to Orwellian hate orgies (mainly internal). This results in military actions of one kind or another and the slaughter, in the case of Iraq, of hundreds of thousands. Think about the deaths caused by this demonization! Did any of them really so completely threaten us? Really? In the same way we threaten the countries we are currently in some kind of active or covert war against. Here's the list: Iraq (this may be minor at this point), Afghanistan, Somalia, Yemen, Libya, Iran (covert war of sabotage and terror), Pakistan, and who knows were else since the American media refuses to report on anything unless told to by the security services.

    If you ask Americans, do you really want to be at war in all these places? They will answer no, unless they are bloodthirsty as a certain segment of the population always is. But, they secretly like it--I'm utterly convinced of that because, unlike most American progressives, I believe in the unconscious. I'm not sure how or why American leftists chose to ignore this obvious fact--but they have. European leftists have not completely forgotten about the unconscious as people like Zizek have tried to integrate psychoanalysis with Marxism (I think Freud and Marx are much more related than most people think) not very succesfully in my view but his is a heroic attempt at least.

    •  Interesting and enjoyable Rational, (1+ / 0-)
      Recommended by:
      jm214

      but I'm not ready to be that cynical. Corporate dollars taking over the fourth estate and turning it into a tool for propaganda/misinformation is the main reason I attribute to the public's self-defeating views and incapacity to affect change. Investigative journalism/muckraking is an endangered species. Control the media and you can steer/derail public discourse. That being said, as the economy continues to deteriorate, more people will see that the Emperor has no clothes.

      Humans... How brief their flames, yet how brightly they burn.

      by XRAYMIKE79 on Sun Jul 31, 2011 at 08:37:11 AM PDT

      [ Parent ]

  •  Not really (0+ / 0-)

    "Interestingly, the US Bureau of Census “Statistics of Small Business" provides verifiable proof that the U.S. economy has moved towards monopolization and oligarchization."

    Not really. To show that there was a move toward something requires a time comparison. The same Census Bureau link you provided also shows, further down on the page, historical data from 1988 to 2008.

    In 1988 the percentage of firms with between 20 and 99 employees were 10.3% of the whole. That percentage was up slightly to 10.7% in 2008.  Firms with 100 to 499 employees went from 1.6% to 1.8%, and firms with 500 employees or more remained constant at 0.3%.

    The remainder of your article was excellent and informative, and I appreciate it. I just think the interpretation of the Census data at the beginning was off. Small business are alive and kicking, as of 2008 at least.

    •  But yes if you look at Total Revenue as a % of GDP (0+ / 0-)

      A smaller percentage of corporations are making up a disproportionate percentage of total business revenue.

      As I stated:

      - If we look at business with 100 or more employees we see that we can account for .004% of the total number of firms in the US, yet, we see that this miniscule quantity represents nearly 75% of the total business income.

      - Of this grouping of businesses that account for the vast  majority of corporate revenue, we can see that .004% of the firms employ nearly 60% of all the workers in the US, and account for nearly 75% of the total revenue.

      Also, an excellent and recent paper on this monopolization effect is 'Monopoly and Competition in Twenty-First Century Capitalism'
      ...from the linked article:
      "Chart 2 shows the revenue of the top two hundred U.S. corporations as a percentage of the total business revenue in the economy since 1950. What we find is that the revenue of the top two hundred corporations has risen substantially from around 21 percent of total business revenue in 1950 to about 30 percent in 2008."

      Humans... How brief their flames, yet how brightly they burn.

      by XRAYMIKE79 on Sun Jul 31, 2011 at 03:35:51 PM PDT

      [ Parent ]

      •  Concerning Monopolization (0+ / 0-)

        from the above article quoted, I should have added:

        ...The capacity of the giant firms in the economy to obtain higher profits than their smaller competitors is the main indicator of the degree of monopoly exercised by these megacorporations. Chart 3, above, shows the total gross profits of the top two hundred U.S. corporations as a percentage of total business profits in the U.S. economy, from 1950-2008, during which their share rose from 13 percent in 1950 to over 30 percent in 2007.

        'Monopoly and Competition in Twenty-First Century Capitalism'

        Humans... How brief their flames, yet how brightly they burn.

        by XRAYMIKE79 on Sun Jul 31, 2011 at 03:46:13 PM PDT

        [ Parent ]

      •  Less that 500 employees part of the oligarchiy? (0+ / 0-)

        I think your basic error is to include firms with between 100 and 499 employees. I'm familiar with many in that size range, and none of them have any monopoly power. I think you paint with too broad of a brush.

        The Small business Administration (SBA), for example, defines "small business" depending on the type of business.

        Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured;

         Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided;

        Your argument for oligarchy may be valid for specific sectors, such as banking, but not overall. I don't discount your argument, I just limit it.

        •  Monopoly (0+ / 0-)

          It extends well beyond Banking in the major sectors of the economy:

          For Example:

          Food:  The food leaders came to realize that there are three basic building blocks from which all food products stem from: corn, wheat, and soy.  Those who gain control of these natural resources will sit atop the food industry pyramid.  The poster child for the food cartel, GMO-chemical giant Monsanto, has control of 90% of the U.S. soybean crop and 80% of the corn crop, while most of the cotton crop is also grown with seeds containing Monsanto's technology.  They have three times the sales of seeds as their nearest competitor, Dupont.  It also has been reported that they have systematically bought up the majority of heirloom seed companies, and are rumored to be systematically eliminating heirlooms in favor of their patented GMOs or hybrids.  Furthermore, nearly all other industrial crops depend on agri-chemicals sold by Monsanto or Dupont, as well as some dairy farms.

          There are also major livestock and poultry monopolies that depend on the corn and soy for feed. Cargill, the largest privately-owned company in America, is also a major player in the cartel.  The company that represents the gatekeeper for food processing companies is Archer Daniels Midland (ADM) where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial and animal feed markets worldwide.  This cartel now fully controls the FDA and USDA and operates a global food empire.

          Medicine: The Big Pharma cartel is a Euro-American conglomerate, including big names like Johnson & Johnson, Pfizer, Roche, GlaxoSmithKline, Merck and others.  As Americans continue to eat GMO and other disease-causing foods, the pharmaceutical companies conveniently develop remedies for the most minor ailments. Big Pharma works with establishment psychiatrists that seem to create false demand by inventing new mental disorders every week -- where more than 25% of children in the U.S., nearly 30% of adolescents, and over 50% of adults now take prescription drugs.  In addition to those numbers, roughly 50% of the public takes the seasonal flu vaccinations, while 76% of children still get all of their establishment-recommended immunizations.  They effectively co-own the FDA (with big chemical-agribusinesses), who are increasingly trying to regulate natural remedies out of the market place. Driven by profit, they admittedly guide the World Health Organization and CDC to fear-monger epidemics and pandemics to push their vaccines and other remedies.  Given that every other commercial on television is a drug ad, they have major influence over what constitutes "health news" in the mainstream.

          Media:
          America's Ministry of Truth cartel is primarily made up of only 5 mega-media companies; General Electric, CBS/Viacom, Time Warner, News Corp, and Walt Disney, who control nearly every single channel on the TV and radio dials, in addition to most leading newspapers, magazines, and movies.  They are tasked with selling and protecting the cartels' agendas by creating and controlling the public's reality matrix, making it difficult to find outlets to interrupt your regularly scheduled programming.  Their news departments are driven by corporate-government propaganda news agencies like Reuters and the Associated Press, where they diligently press the proper fear buttons to get desired responses.  Former Director of the CIA, William Colby, disclosed that "The Central Intelligence Agency owns everyone of any significance in the major media."

          There are other examples... The article I referenced goes into more detail also:
          'Monopoly and Competition in Twenty-First Century Capitalism'

          Humans... How brief their flames, yet how brightly they burn.

          by XRAYMIKE79 on Tue Aug 02, 2011 at 03:40:59 PM PDT

          [ Parent ]

Click here for the mobile view of the site