"Capitalism reverses the law of gravity, with money flowing up instead of down."
By STEPHEN FLEISCHMAN
There are winners and losers, an old, bearded, 19th Century economist told us once. That's the way the system works.
Capitalists have been chewing each other up since the Industrial Revolution, said Karl Marx, world famous analyst of "the system", and the battle of mergers and acquisitions still goes on. Dog eat dog. There are always a few good men left at the table; but winners grow increasingly fewer and richer. There are now 946 billionaires in the world, according to Forbes, and 371 of them are in the United States with Bill Gates and Warren Buffett topping the list with $56 billion and $52 billion respectively. So, we wind up with a few winners, a lot of losers, and a plethora of monopolies and oligopolies.
Full story: Winners and Losers : A Dog-Eat-Dog System
Posted by proutist-universal on April 11, 2007 08:20 PM
