RE: The Dirty Big Secret Behind Warren Buffett's Billions
It's been clear for some time now that America does not favor capitalism; but rather favors a bastardized and elitist version of krony capitalism: corporatism.
Everybody knows that free markets are not free; liberal economics are not liberal; that corporations are people who operate above the law, or write their own laws...
The true is that the United States of America should be rebranded as the Corporate States of America because the states are not united and corporations run the show...
I heard that some cities were even offering Amazon the right to eventually tax its own employees and spend their taxes in any way they see fit...
If that is not a sign of the concretization of a long incremental process of a corporate takeover of a nation state; when corporations tax citizens and governments are sidelined to marginal tasks; much like national governments sidelined the church before hand...
Whoever is collecting taxes, tithes, and other fees in the end of the day has the control... That's why banks have been running the show for quite some time now, and soon corporations will be above governments...
Then; what recourse will the people have?
This is the anarchist dystopia that I pray the people will wake up to... The truth is, a corporation's power lies in its control of the market and their control of the circulation of currency...
In a monetary system, the only way to take back our power is to stop spending our money... If governments can be weakened enough the way the Church was in the prior early modern era, maybe there will be a window of opportunity for us to introduce something as dynamic and effective as capitalism might have been...
Probably this is what cryptocurrency is; and though the people will always be fighting an asymmetric war against those in power, with every new era and the passing off time come new opportunities...
We have to preserve the balance and be brave because these kinds of monumental transitions of wealth and power and the resulting instability and insecurity do result in severe loss, harm and danger as the power struggles intensify...
It's crazy but I think we are living in very interesting times... The good times of the late 20th century are all but over; soon, things will get really, really bad...
Then we can change the world because we'll have an army of people who have nothing to lose!
Stay alert everyone... xx
Great post. A nice addition to the above article - which I have noticed Buffett likes industries with big pricing power. He bought big into Apple which we all know the masses will be anything for a new iphone because they see it as a status symbol. He invests in big banks that have bank charters and massive borrowing abilities. He invests in airlines that have large economies of scale. He bets big on industries/companies that will never go down.
I agree corporations are totally taking over and that's crazy how much power Amazon has. Eventually, all governments will be broke and corporations will have all of the power I predict. That's why it is so important to get into a decentralized system like crypto now to protect yourself from all of this madness.
Cheers from Fitness Guy
Have you heard of the 'Freemen Living on the Land' movement? It's a libertarian movement where they believe your birth certificate is essentially you becoming a belonging of the corporate state of which ever country you live in and your social insurance number is essentially your bar-code.
They believe that many countries are now operating in bankruptcy and are therefore under admiralty law and that since the abolition of the gold standard, countries currency is backed not by gold but by the people tracked by their Social insurance numbers and treated as the counties property or essentially their slaves. They describe persons as creditors of the country's corporation. They may believe that the government controls secret bank accounts in their name as part of this theory, which may be accessed to pay off the countries debts.
None of the beliefs held by freemen have ever been supported by any court judgments or verdicts in anywhere though unfortunately. It would certainly erode our legal system if any judge were to rule in their favor.
Check out this video too, apparently Saudi Arabia has made this AI robot a legal entity in hopes of being able to tax the robot the same as they would tax a person, essentially the owner of the robot would have to pay taxes on the work the robots do so that when robots take our jobs the governement will still be able to collect taxes on that job. Sopia and AI unleashed on the blockchain.
This comment is one of the best posted. I concur hundredfold.
Thanks zer0 xx