"We Track the Financial Collapse For You, so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

This field is for validation purposes and should be left unchanged.

Safeguard your financial future. Get our crucial, daily updates.

"We Track the Financial Collapse For You,
so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

This field is for validation purposes and should be left unchanged.

Charles Hugh Smith: Monopolies and Cartels Are “Communism for the Rich”

Guest post by Charles Hugh Smith from his blog Oftwominds.com:

What’s unfettered in America is “Communism for the Rich” and the normalization of corruption that results from the auctioning of political power to protect monopolies and cartels.

The irony of constantly being accused of being a communist is rather rich. When I point out that “free market capitalism” in America is neither a real market nor real capitalism, those who equate any criticism of “capitalism” as proof of communist leanings are triggered.

Noting that Marx got monopoly capitalism and alienation right triggers another group who equate any favorable mention of Marx as proof of communist leanings.

There are two ironies in these accusations of being a communist. One is that I’ve spent 17 years tirelessly critiquing centralized wealth and power–the acme of communism–as the source of our moral, social and economic decay.

The other irony is that Communism is absolutely thriving in America in broad daylight: the monopolies, quasi-monopolies and cartels that dominate the American economy and governance are Communism for the Rich.

The core goals and functions of communism and monopolies/cartels are identical: snuff out unfettered markets (competition, transparent price information for all participants, etc.) and take control of all market functions, restricting supply and controlling all regulation with the sole goals of further concentrating centralized power and maximizing steady profits (i.e. maximum greed) to benefit those who own/control the concentrated wealth and power.

And of course both pump out an endless spew of propaganda about the wonderfulness of the system that benefits the few at the expense of the many.

This centralized power to benefit the few at the expense of the many characterizes both Communism and monopolies / cartels. There is no difference between the two other than the structures of control that eliminate competitors, regulates supply and keeps prices high enough to further enrich the already-rich.

Those operating monopolies and cartels in America are in effect a private-public Politburo, a concentration of wealth that buys whatever political power is needed to increase profits and protect the monopoly from threats.

What’s unfettered in America is Communism for the Rich and the normalization of corruption that results from the auctioning of political power to protect monopolies and cartels. “Markets” and “capitalism” only exist on the fringes of the economy, but the myth that America is the home of “unfettered capitalism” is extremely useful cover for the actual system, which is Communism for the Rich.

Guest post by Charles Hugh Smith from his blog Oftwominds.com.


How to Own Tens of $Billions in Gold for Just US$1 Per Share

A brand new gold bull market has arrived as nervous investors continue to flock to the safety of the yellow metal.

Yet, the biggest gains won’t be in gold…they’ll be in select gold stocks with proven ounces in the ground.

This soon-to-be-known gold company provides investors with exposure to over 30 million ounces of gold…worth tens of $Billions…at a ridiculously low US$1 per share.

More details here…

Leave a Reply

Your email address will not be published. Required fields are marked *


Zero Fees Gold IRA

Contact Us

Send Us Your Video Links

Send us a message.
We value your feedback,
questions and advice.



Cut through the clutter and mainstream media noise. Get free, concise dispatches on vital news, videos and opinions. Delivered to Your email inbox daily. You’ll never miss a critical story, guaranteed.

This field is for validation purposes and should be left unchanged.