I have seen the Taibbi article of the Banks controlling heavy industry, currency exchange, interest rates and commodities, well we can add another horror:
The Real Hunger Games [pdf]
Nowhere was this more clearly seen than during
the astonishing surge in staple food prices over
the course of 2007-2008, when millions went
hungry and food riots swept major cities around
the world. The great hunger lottery shows how this
alarming episode was fueled by the behaviour of
financial speculators, and describes the terrible
immediate impacts on vulnerable families around
the world, as well as the long term damage to the
fight against global poverty.
But at its heart, The great hunger lottery carries a
very straightforward message: allowing gambling
on hunger in financial markets is dangerous,
immoral and indefensible. And it needs to be
stopped before any more people suffer to satisfy
the greed of the banks.
This is capitalism gone mad, in fact it is no longer capitalism it is Monopoly.
I have long been a socialist and believe it is long past time for a State intervention to break these global firms into manageable morsels and nationalizing where necessary. It has gone too far for corporate sponsored legislators to do anything but obey their masters.
This monopolistic capitalism is destabilizing and a clear danger to national security, not are they only too big to fail they are too intrusive to be allowed to exist. Next time you see riots over food prices and starvation look who is doing the price fixing.
This should be the end of this type of capitalism as the next self induced financial crisis may cause a chaos we cannot bail them out of, it is time to take a wrecking ball to the financial/corporate monopoly.
It's not the rich we are jealous of; it is their forcing of wages down, buying our legislatures and asset stripping and polluting the planet to which we object.