How is it possible that the rest of the world is recovering from the Covid/Oil/War inflation bump, but things are getting worse here in the USA?
What blows this up is when companies get large enough that they can use their size and market dominance to keep competitors out of the marketplace. The Federal Trade Commission was created in 1915 by Democratic President Woodrow Wilson, specifically toconcentrated business trusts and monopolies, using the Justice Department as its prosecutorial arm. It came into being against a backdrop of public outrage over giant corporations screwing consumers and owning captive politicians.
As a result, large companies became behemoths, and pretty much every industry in America is today dominated by a small handful of companies that carefully monitor each other to function, essentially, as cartels. When United raises ticket prices by $50, for example, American does the same three hours later.
This has handed enormous power to the CEOs and senior managers of America's largest companies, all of them multi-multi-millionaires and many billionaires. Big business doesn't want the Reaganomics gravy train to stop and, so far, they've been able to buy enough politicians to keep it that way. Until this unholy alliance of Biden and Sanders.
"Had Butler been a different sort of person and gone along with the plot, Denton thinks it would have been successful. Instead, in the fall of 1934, he went to J. Edgar Hoover, head of what would become the FBI." "The Guardian's findings are in line with recent US commerce department data that shows corporate profits rose 35% during the last year and are at their "Chevron's 240% profit spike was part of 'the best two quarters the company has ever seen'… Steel Dynamics profits increased 809% … Fertilizer giant Nutrien's profits shot up by about $1.
Let’s rebuild the US microchip industry – not give it a $50bn-plus check
We need to start fighting for 3rd Party registration in every state. This 2 party system has destroyed this country.
Probably.
Why not?
WRONG puppet! The largest corporations and their leaders are already ripping us all. There's no democracy, as there's no Communism, but you knew that.
Big business already owns the government, there's no democratic rule.