Posted by: coastcontact | October 22, 2016

America’s Free Enterprise System Is Coming to an End!

attSo the wealthy have the power to do as they wish. These are oligarchs. They are only interested in accumulating unbelievable wealth that will provide their family generations of luxurious living without ever having to work a day in their lives. As our society evolves into a nation controlled by those very wealthy, the vast majority of Americans are becoming ever poorer. Donald Trump talks about the shrinking middle class and the 45 million people either in poverty or near poverty. He is correct in pointing out the discrepancy but he really doesn’t have a solution. He is one of those oligarchs. Those oligarch just don’t care no matter what they say.

Thus we see AT&T buying Time Warner. In what way will this benefit society? It won’t. What it will do is put more power in the hands of a few. It will be a more controlled society.

Wells Fargo may pay a fine but its power remains. The rest of the banking industry is just happy they have not been caught in some other manipulation.  The former Wells Fargo CEO John Stumpf “retires” with a $100 Million plus retirement package.

This is a sad collapse of the free enterprise system where individuals can open small businesses and make a living. Privately owned drug stores, food markets, and hardware stores were part of the American well of life. Now its Walgreens, Walmart, Kroger, and Home Depot that control the price we pay and the jobs we have.


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