How America Went From Mom-and-Pop Capitalism to Techno-Feudalism blacklistednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blacklistednews.com Daily Mail and Mail on Sunday newspapers.
by Ellen Brown, Web of Debt The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done?
May 18, 2021 | How America Went From Mom-and-Pop Capitalism to Techno-Feudalism
Ellen Brown Ellen Brown is an attorney and president of the Public Banking Institute, http://PublicBankingInstitute.org. In Web of Debt, her latest of eleven books, she shows how the power to create money has been usurped from the people, and how we can get it back.
In a matter of decades, the United States has gone from a somewhat benign form of capitalism to a neo-feudal form that has created an ever-widening gap in wealth and power. In his 2013 bestseller
Capital in the 21
st Century, French economist Thomas Piketty declared that “the level of inequality in the US is probably higher than in any other society at any time in the past anywhere in the world.” In a 2014 podcast about the book, Bill Moyers commented: