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Many commentators who write about the U. S. political system never mention corporate capitalism. Nevertheless, the capitalist economy has an enormous impact on political and
Many commentators who write about the U. S. political system never mention corporate capitalism. Nevertheless, the capitalist economy has an enormous impact on political and social life. Wealth is concentrated in the hands of the top 1% of the population. A small number of giant corporations control most of the U.S. economy while poverty, joblessness, hunger and homelessness increase among the population. Contrary to social mythology, the capitalist system A. Rewards hard work in a system of meritocracy, B. Creates great wealth for all business owners C. Provides equal opportunity for social mobility in a free market D. Is based upon privatization, exploitation, social crisis and misery
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