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 The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange

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RR Phantom

RR Phantom

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The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange Vide
PostSubject: The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange   The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange Icon_minitimeSun May 19, 2013 8:16 pm
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.

The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange Zahmonopolylw2013051922



Here in Australia though, we have the quintessential example of Marxist/Leninist state monopoly capitalism, the Australian Securities Exchange.

Having won its dominance in the vital markets of banking and finance, big business has now evolved precisely to the point where it has fused with the apparatus of government.

This financial markets monopoly has not evolved through the Darwinian process of capitalism. Rather, it has been permitted to arise by continual regulatory concessions and the favourable decisions of government.
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All this has been glossed over by our organs of propaganda.

And so it was that there was not a whimper of debate when the government recently introduced a retail bond market and did not bother with a tender.

Read more: http://www.smh.com.au/business/monopoly-delivered-on-a-platter-20130519-2jurg.html#ixzz2TmsVZO81
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The quintessential example of Marxist/Leninist state monopoly capitalism, the OZschwitz Securities Exchange

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