Barry Lynn's description of monopolization, in The New Monopoly of Capitalism and the Economics of Destruction, in the wider economy is like a game of three-dimensional chess with shifting power centers and hidden strategies. But the overall direction of the game is clear.
The real head-scratcher for serious media-watchers right now is what the "war" between the White House and Fox News was meant to distract us from this week. The "war" itself is laughable, for a number of reasons.
Press Secretary Robert Gibbs announced this morning that the President and his family played a game of monopoly in the White House kitchen this past Sunday, which the President won. Reaction from the right was instantaneous and vitriolic.
The case for drastically reducing and eventually abolishing medical patents is clear: they raise the social cost of drugs, and medicine, while providing little or even a negative incentive for medical innovation.
To the extent that China's stimulus plan is working better than in the U.S. and the U.K., this seems to be because the government is using the banks for public ends, rather than allowing the banks to use the government for private ends.
In the first three weeks, 8,000 people of all ages signed up to participate in protests planned in over 55 cities. WireTap talked to Tiffiniy Cheng to find out why A New Way Forward thinks a different bailout plan is urgent.