26 November, 2020

More On Supercapitalism, For Newbies

Posted by Socrates in capitalism, capitalist greed/exploitation, Socrates, supercapitalism at 2:32 pm | Permanent Link

Falstaff beer was good stuff, circa 1970. All my relatives drank it. It was made in St. Louis.

So what happened to Falstaff? It finally died quietly in 2005. Why? The usual reasons: conglomerates, buyouts, mergers. And on that note: Big Capitalism (aka, supercapitalism or finance capitalism or speculation) sucks [1][2]. There’s nothing wrong with mom-and-pop style, corner-store, “free enterprise” with 10 employees. But once you get into the realm of supercapitalism and giant factories and bank loans to finance more big factories, things go bad. Every time? No. There are exceptions.

Supercapitalism is like a 3-headed dog: it’s unnatural. Companies don’t get better when they get huge. They get worse. Corners are cut due to mass production, the company outsources to China or India, quality goes down, the company changes ownership several times, until finally bankruptcy kills the company.

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[1] “finance capitalism” equals Wall Street investment banks financing unnecessary businesses (like yo-yo manufacturers) solely for profit. This is just more unnecessary growth — as if America needs more buildings and parking lots and streets leading to them! Build, build, build! Money, money, money! This is called “progress” for some reason.

[2] “Capitalism, as originally and correctly understood, means private ownership of property and resources and competitive free enterprise in the supply of goods and services. Supercapitalism, which can be defined as highly concentrated finance-capitalism, is not only different from capitalism, it is the antithesis of capitalism and sooner or later acquires the character of being actively anticapitalist.” — from the book “The Zionist Factor: the Jewish Impact on Twentieth Century History” (Costa Mesa, CA., The Noontide Press, 1992) by journalist/political analyst Ivor Benson, chapter 9, p. 121-122.


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