U.S. Capitalism has never liked risks.It has thrived on monopoly,

[KlatooBNikto]

a sure bet and a backdoor fix including bribes,outright stealing and acquisitions of profitable companies. The mandatory genuflections to risk, enterprise and innovation notwithstanding the record of most establisehd corporations follow that pattern I outlined. GM, GE, Halliburton, Bechtel,Cargill, ADM are all cases in point.

The European and Japanese corporations lacking our resources have to rely on true risk taking to make a profit.This is why you see most of the patents granted in this country now go to foreigners.

[applegrove]

1. Elite monopolies is not capitalism. The GOP are hypocrites about

that too.

[Jim Sagle]

2. Actually it IS capitalism - monopoly capitalism.

It's just not "free enterprise."

[applegrove]

4. Dark Ages were about monopoly capitalism! That went well???

[makhno]

5. Indeed, it is the natural evolution of capitalism

Unlike "free enterprise", which is a theoretical myth, untested in practice and unsubstantiated by historical reality.

[Jim Sagle]

6. But so useful in bringing the suckers into the big tent.

I should know, I was one of those suckers. I wised up around 1993.

[KlatooBNikto]

3. As countries like India and China have recognized the value of having

an educated workforce, they are going to be the ones developing new ideas and with the worldwide availability of capital, they will be the ones taking risks and coming up with companies that will meet the market's needs. The words Yankee Ingenuity may not mean much when that becomes reality.