Opinion: James Piereson: The Truth About the 'One Percent'
'Income inequality" has emerged as the issue du jour in national politics, threatening to displace the unpopular health-care law and the slow-growing economy this election year.
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#1 Feb 18, 2014
The article commits the logical errors of ignoring the premises and confirming the consequent.
What is monopoly capitalism?
In monopoly capitalism, capital is exported out of a nation instead of the goods and services produced by a nations own citizens.
What is capital?
Capital is money, labor, and industry.
Monopoly capitalism tends to concentrate both wealth and political power amongst a few individuals and entities.
Monopoly capitalism tends to destroy true capitalism which is characterized as possessing free enterprise and competition.
True capitalism tends to spread and increase wealth and political power amongst the general citizenry.
Monopoly capitalism tends to impoverish the general citizenry.
Economic theorists assert that monopoly capitalism is the last stage of capitalism before some form of socialism replaces the same.
One of the characteristics of monopoly capitalism is to engage in aggressive wars for the purpose of furthering the unjust goals of monopoly capitalism.
If we are to maintain our individual freedoms and our relatively high standard of living, American citizens must appropriately and assertively address and correct the injustices inherent in monopoly capitalism.
One way of doing the same, in my opinion, is to change our current winner take all,Gerrymandered, and bought political electoral system to some form of proportional electoral representation.
The same would make it much more difficult for special interests to gain the unjust control of the political system that our current system facilitates.
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