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The Purchase Of Our Republic

faux capitalism

This essay was posted on the blogspot of Charles Hugh Smith, and was written by longtime correspondent Y. Falkson.

Y. Falkson makes the usual mistake of calling our form of government a democracy, rather than the appropriate name: Constitutional Republic, but makes some excellent points for consideration. – Shorty Dawkins, Associate Editor

by Y. Falkson

Americans know that something is wrong, deeply wrong. They see signs of the problem everywhere: income inequality, growing concentration and power of mega corporations, political donations/corruption, the absence of jobs with decent salaries, the explosion of the US prison population, healthcare costs, student loan debt, homelessness, etc. etc.

However, the true causes and benefactors behind these problems are purposely hidden from view. What Americans see is Kabuki Theater of a functioning form of capitalism and democracy, but beyond this veneer our country has devolved into the exact opposite.

Those who benefit from this crony capitalist state go to extreme lengths to paper over the reality and convince Americans that the system works, the American Dream is still a reality and that American democracy is in fact democratic.

Below I hope to begin to outline some of the underlying dynamics and trends that have evolved in recent decades and led us so far from what we once were. As fun as it would be, the answer is not some evil conspiracy by the Illuminati, but rather the unfortunate result of three long term and mutually reinforcing components that have been attacking the fundamental roots of the structure of our Republic.

The first is the increased concentration of corporate and private wealth. Both of which are quickly yelled down in the media as anti-free market and class war hysteria.

The second is the use of this wealth to capture all three branches of government in order to ensure the continued extraction of capital from the many and to the few.The rich might have climbed the ladder because they earned it, but they have then purchased government to pull up the ladder behind them.

The consequence of the first two components is a democracy in name only that represents the very few.

Read more here.





  1. Have a few laffs on serious issues, and timely because of the date. Today is June 6 2014, 70 years after a newsworthy event in Normandy France. This is part of our legacy. Pray that those honored dead shall not have died in vain.

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