Another of my old notes: Does the fact that four* out of the top ten companies in the Fortune 500 are oil companies have any effect on U.S foreign policy?
The note reads six companies, but with mergers and the rise of other companies, the fifth oil company is now rated 33 in the 2013 Fortune 500 list. http://money.cnn.com/magazines/fortune/fortune500/2013/full_list/
Who has more say on foreign policy? The people of the United States or the largest companies, especially oil companies? Do we have democratic capitalism or oligarchic capitalism? See “Democratic capitalism, revisiting an oxymoron”.
Showing posts with label oligarchic capitalism. Show all posts
Showing posts with label oligarchic capitalism. Show all posts
Thursday, April 17, 2014
Democratic capitalism, revisiting an oxymoron
See “Democratic capitalism is an oxymoron” for my earlier thoughts.
I finally finished “American Umpire” by Elizabeth Cobbs Hoffman. Her frequent use of “democratic capitalism” inspired the blog entry above. She uses the term on her final page.
Reading that led me to think that a democracy can lead to capitalism but capitalism doesn’t always lead to democracy. In a democracy, the implied individual freedom can lead to the raising of capital for various projects. In a capitalistic society, the power structure can more easily lead to an oligarchy than a democracy. Unfortunately, the world is filled with oligarchic capitalism. Will the United States and other countries we call democratic move to oligarchic capitalism? Your voting in every election can prevent such a change.
See also “Oil companies, Fortune 500, and U.S foreign policy”.
I finally finished “American Umpire” by Elizabeth Cobbs Hoffman. Her frequent use of “democratic capitalism” inspired the blog entry above. She uses the term on her final page.
Reading that led me to think that a democracy can lead to capitalism but capitalism doesn’t always lead to democracy. In a democracy, the implied individual freedom can lead to the raising of capital for various projects. In a capitalistic society, the power structure can more easily lead to an oligarchy than a democracy. Unfortunately, the world is filled with oligarchic capitalism. Will the United States and other countries we call democratic move to oligarchic capitalism? Your voting in every election can prevent such a change.
See also “Oil companies, Fortune 500, and U.S foreign policy”.
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