9781118175316

People, regular people, many of whom have never shown a previous interest in economics are now eager to understand this economy. The country is now facing the biggest economic collapse since the Great Depression. It affects everyone, not merely investors, bankers, economists, and the rest of the business class. People who have lived their lives by the rules and who are usually unaffected by recessions have been hurt and they want to know why. Many are hot mad that the government must intervene in behalf of those they perceive as crooks who swindled the nation, and yet they are afraid that their home will continue to erode in value, their retirement fund will be further emaciated, and their job may be lost. Angry, afraid, and confused, regular people are looking for answers. The book takes a thoughtful look at how income and wealth disparity, industry consolidation, anticompetitive business practices, political ideological extremism, and the hoarding of existing wealth are destroying the wealth building capacity of the nation, the promise of ideal capitalism.

Michael C. Hill began writing for the Washington Post in 1988, but has since become an independent businessman. He has created several successful businesses, the oldest being a technical training and consulting firm, and the largest an award-winning home-building business. Having won dozens of awards for teaching, he now works as a venture capitalist and developer of new small businesses, including a green technology company, a business services and accounting firm, a unified communications technology company, and an unbiased news site. He regularly conducts business development and project management classes and seminars for public and private sector audiences around the world. He also is an occasional contributor to the Washington Post and other mass media outlets.

Introduction vii

PART ONE: What's Wrong with Th is Picture? 1

Chapter One: Th e Face of Self-Destruction 3

Chapter Two: Putting the Cannibalism in Capitalism 15

Chapter Th ree: Suicide-Enabling Case Study: Crash of 2007-9 37

PART TWO: How Did We Get Here? 63

Chapter Four: Th e Evolution of Cannibal Capitalism 65

Chapter Five: Devolution of the Real Economy through Cannibal Capitalism 92

Chapter Six: Your Own Opinion or Own Facts? Selective Morality 103

PART THREE: Where AreWe Going? 113

Chapter Seven: Th e Choice of Health 115

Chapter Eight: Miseducation of the Masses 133

Chapter Nine: Power to the People 149

Chapter Ten: Bring the Money Home to Momma 181

Conclusion: Why Are We Promoting Economic Cannibalism? 196

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Cannibal Capitalism How Big Business and The Feds Are Ruining America

Cannibal Capitalism How Big Business and The Feds Are Ruining America

111817531X

Summary

Author Biography

Table of Contents

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