This article argues that Capitalism is fundamentally broken and has been since its inception in America. The author, Miles Mathis, criticizes economic theories as being based on lies and manufactured from perverted theories by perverted people, Phoenicians. He specifically takes issue with an article by Lance Roberts from RealInvestmentAdvice.com, which he claims falsely asserts that Capitalism is not broken. Mathis contends that Roberts ignores the fact that governments actively help capitalists control markets, creating a rigged system where the wealthy benefit while the public is exploited.
The author traces the erosion of Capitalism to its origins, stating that the founding fathers promised heavy oversight to make it palatable, but that government has been run by capitalists from the start. He points to a deregulation trend that accelerated after WWII, culminating in the dismantling of Glass-Steagall during the Clinton years and a descent into “economic barbarism” thereafter.
Mathis refutes Roberts’s claims that record profit margins are due to free market forces, arguing instead that corporations are taking advantage of consumers and that Roberts’s predictions of lower profits are a misdirection. He believes the current system is one of “mass predation” enabled by a capitalist/government alliance. He uses the rise in gasoline prices and the alleged “feeding frenzy” of Big Oil after Big Pharma’s profit-taking during COVID-19 as examples of government-rigged markets.
The author also criticizes Roberts’s assertion that “greed” is a by-product of Capitalism, arguing that Capitalism is actually caused by greed. He dismisses Roberts’s explanation for current profit-taking (e.g., stimulus checks) and highlights increased credit card debt and the destruction of small businesses due to illegal mandates as evidence of economic collapse.
Mathis concludes that the current system is not a functioning constitutional capitalism but a scheme where the wealthy are shielded while the poor and middle class suffer massive losses. He suggests that the crash has already happened, and the current situation is a delayed report. He believes that the wealth of the elite is a mirage based on future valuation and that speculators and capitalists have reached their end. Mathis urges readers to realize that the debt is owed in the other direction, asserting that capitalists owe the public for thousands of years of theft. He predicts that when the “skimmers” (the wealthy elite) fall, it will not lead to Mad Max-like conditions but to a richer future for everyone else, as natural resources and knowledge will remain, free from the thieves.
List of Subjects, Names, References, Locations, Companies, etc.: