Transnational Monopoly capitalism along with the entire Western Financial system are two of the chief material driving forces responsible for both the macro prosperity of the US, Europe, and others like Australia and Israel, but especially the US. At the same time, it is the chief exploited and protagonist of The People.
This contradiction, the polarization of wealth, power, and status between the haves and the have nots, is growing at an exponential rate. Consequently, there is class conflict. The poor and powerless, the common wo/man, decry their deplorable condition while remaining confined to livelihoods that fall short of what is needed to live and full and prosperous life. At the same time, their employers, IF Transnational Corporations or one of their multitude of subsidiaries, make profits hand over first. IF they are truly small businesses, then they face a continuously growing squeeze in the face of the decrease in profits due to unfavorable market conditions for the “little guy”. All Mid-sized businesses, as they are called, are subject to that same squeeze, but some will thrive, while others will fail, based on the merits of their products and services, as well as effective management. If they thrive, then eventually the inevitable is to grow into a Transnational Corporation, if they are to sustain that trajectory. The ones that fail find themselves in the ranks of the working class. This tendency is even further exasperated by such technologies as AI and advanced robotics.
Meanwhile, pundits, politicians, and mainstream economists promise a “trickle down” while we are reduced to a rat race to the bottom. And the situation is far graver in Developing Countries and Occupied Territories.
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