The Corporatocracy: A New Economic System for the Connected Banking Sector and Political Elites

The typical American family is struggling with the current recession and is having a hard time pinpointing the nexus of the problem. Some try to argue the failures of capitalism but our current system is more of a corporatocracy. A system designed for the few by the few. Even Adam Smith argued that society would need to be vigilant against monopolies and charlatans. Yet somehow we arrive at our current time with gigantic investment banks pulling on political strings and operating under Darwinian economics where the overall health of the economy is only an afterthought. We are a very long way from the capitalism Adam Smith advocated. (more)