Saturday, September 1, 2018

Economic moats and American capitalism

Click here to access article by economist David Ruccio from Real-World Economics Review Blog. 

I hope that Eric Zuesse sees this article because it undermines his obsessive concern to ignore the system of capitalism (see this and this), and especially to divorce it from any hint of fascism as a system. This nagging suspicion has always vexed me because, in effect, he seems to be promoting the system. Thus I've often wondered if he is knowingly engaged by the ruling capitalist class as another sheep-dog to lure leftists into a pen that avoids any negative perceptions about capitalism. However, mostly because he has revealed so many sins of the current ruling class, I am still giving him the benefit of doubt about his genuineness.

In this article Ruccio sees both the feudal and capitalist classes as ruling classes who depend on their systems to deliver the benefits of exploitation of the rest of their societies.