Tag: Monopolies

Monopoly Is the New Normal

Guest Post by Paul Craig Roberts

CNN is happy to report more bad news that can help the presstitutes unseat President Trump: 

“Mass unemployment. Surging bankruptcies. An unprecedented health crisis. It’s going to be really ugly. Here come the big bank earnings.” https://www.cnn.com/2020/07/13/investing/bank-earnings-recession/index.html

The report has interesting information that CNN doesn’t seem to have noticed. CNN reports that banks are in trouble because of low interest rates.  But don’t banks pay low interest rates and charge high rates? Interest on credit card balances is 19%, and if you miss a payment the interest rate can rise to 29%.

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The Monopolization of America

Guest Post by David Leonhardt

Image result for the monopolization of america

In one industry after another, big companies have become more dominant over the past 15 years, new data show.

The popular telling of the Boston Tea Party gets something wrong. The colonists were not responding to a tax increase. They were responding to the Tea Act of 1773, which granted a tea monopoly in the colonies to the well-connected East India Company. Merchants based in the Americas would be shut out of the market.

Many colonists, already upset about taxation without representation and other indignities, were enraged. In response, dozens of them stormed three ships in Boston Harbor on the night of Dec. 16, 1773, and tossed chests of East India tea — “that worst of plagues, the detested tea,” as one pamphlet put it — into the water.

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A Digital Noose ‘Round Every Corner

By Doug “Uncola” Lynn via TheBurningPlatform.com

Graduation season.  Parties, commencements, speeches and lots and lots of photos.  Recently, I loaded all of the pictures onto a PC and saved them into a folder, digitally labeled and timestamped, for posterity.  The next day, I noticed a message from Microsoft.  It said:  “Click here to see the photo album we created for you!”  I clicked and saw the very same photos I had loaded just hours before.  However, I never requested for my personal memories to be shared, let alone arranged into an album organized by the company whose operating system runs my computer.  Evidently, somewhere a while back, a box must have been checked, or unchecked, thus surrendering my right to privacy.

Every day I receive e-mail requests from Linkedin.com, Facebook and other networking websites to follow, like, or join, with people I am actually acquainted with in the real world.  The messages ask me if I “know” them as I see their photos and information along with the opportunity to electronically consummate with them, should I so choose.


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