The Power Elite, Big Banking, the Corporate Capitalist Elite,and Monopoly Capitalism

northwye

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The Power Elite, Big Banking, the Corporate Capitalist Elite,and Monopoly Capitalism Have Grown,In Power, But Small Businesses Create :64 Percent of New Private-Sector Jobs

A radical sociologist from Waco, Texas explained why the Marxist Left is just as corrupt and immoral as the ruling elite. C. Wright Mills said in his 1956 book, The Power Elite, that political corruption is one aspect of a more general immorality. Higher Immorality is institutionalized. He said the elite are in command of the major hierarchies of modern society. They rule the corporations, they run the machinery of the state. These hierarchies of state and corporation and army constitute the means of power; as such they are now of a consequence not before equaled in American history.

The Power Elite of 1956 by Mills was important because it discussed what many now call the ruling elite, without it being totally dismissed as "conspiracy theory." The book was written by a tenured sociology professor at Columbia University and was considered as a scholarly work.

What Mills is saying is that even in the fifties the major institutions of American society, especially government, corporations, education, the medical profession and institutional Christianity had developed into an extreme top-down order of control.

Because tremendous control over society could be exerted from the top of large corporations and from the top of the government, this hierarchy made it possible for a very small group of the ruling elite to have the power they now have.

Since Mills published The Power Elite in 1956, knowledge of and focus upon the ruling elite has increased. The Alternative Media - which has challenged the Establishment media in the last few years and especially in the 2016 election - has educated a growing number of Americans about that ruling elite, often called the New World Order.

The Trump call, "Americanism, Not Globalism, Will Be Our Credo" is about a Nationalist, Populist, and Anti-Ruling Elite Movement which is larger than Trump himself. That movement has the Marxist Left worried and looking for ways to discredit Trump and somehow turn back the Nationalist, Populist and Anti-Ruling Elite movement.

The Marxist Left has worked to diminish the culture which is based upon the American individual rather than the collective of Marxism. Georg Lukács, an early founder of he Frankfurt School of Marxism, wanted "Aufhebung der Kultur," - the Abolishment of Culture - by which he meant the culture supporting the individualism of the West - Christianity and the family,

There have been a number of supports for the Western culture which has been based upon Protestant Biblical Christianity, the family, free enterprise capitalism, and creativity for example. These things which support the culture support each other, or keep each other going. When one of these supports is weakened, the other supports also tend to be weakened. To understand this, it helps to have been around as an adult since the fifties. Other supports are mood, physical health and mental health. The Marxism of Slick Willie, Bush Jr, to some extent and then 8 years of the follower of Marxist Sol Alinsky who was in office before Trump diminished most of these supports.

Just stimulating free enterprise capitalism by bringing back jobs to the U.S. and lowering taxes can help bring to life some of the other supports - mood of the country, for example. Many do not realize that the monopoly capitalism of Google, Microsoft, etc has done a lot of damage to these supports. Bringing back small family businesses will help. I came from a family that had such a business until the eighties when my older brother sold his small chain of stores because he could no longer compete with the huge grocery chains. His son was in alternative small businesses like a hardware store, and the son of that guy runs a small fabric business.. When I was in high school, all the businesses in the small town where I grew up near were owned by local people. Now only a small little store a mile south of town and one or two small Cantinas are owned by locals. When I first moved to near a town in Missouri in 1994 there were more locally owned grocery stores than there are now, and in fact I know of no grocery stores in town that are locally owned.

The corporate hierarchy has driven many local small businesses out of business. For example, thirty, forty or fifty years ago, small grocery stores were scattered all over , but now we have to drive miles to Krogers, or Wal-Mart (Red China Central). There was more public social life in the small grocery stores of a bygone era than now in big chain stores like Wal-Mart.

Yet there are good reasons to expect that stimulation of the economy to create new jobs will help create more small business successes.

https://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf

"Frequently Asked Questions about Small Business September 2012"

"Small businesses comprise what share of the U.S. economy? Small businesses make up: 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private-sector employment, 42.9 percent of private-sector payroll, 46 percent of private-sector output, 43 percent of high-tech employment, 98 percent of firms exporting goods, and 33 percent of exporting value. Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002- 2010,"

64 percent of net new private-sector jobs were created by small mostly locally owned businesses.

www.sba.gov/advocacy/7540/42371 .

"How many small businesses are there? In 2010 there were 27.9 million small businesses, and 18,500 firms with 500 employees or more. Over three-quarters of small businesses were nonemployers; This number has trended up over the past decade, while employers have been relatively flat (figure 1)" .
 
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