“Currency speculation-over a trillion dollars a day-is a tax-free activity. The notion of a tax on "day trades" or other speculative swaps was revived in recent years, but has been studiously ignored by all our purveyors of conventional economic wisdom. That is because we have been persuaded, against logic, and moral sense, that the institution that most needs our support these days is not society, nor the human community, but the global corporation.” NeedsYearsHumansHas BeensCommunityMoralSupportEconomicActivityTaxesCapitalismLogicInstitutionsTradeDollarsNotionThese DaysCorporationsConventionalCurrencyIgnoredSpeculation Author:Eric Kierans
“This is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.” WayGrowthWealthCompanyProduceCostStandardsCapitalismBasesCompetitionPassingPassingsConsumersCorporateThese DaysCorporationsFundEarningLoanMonopolyProceduresBucketsSqueezingOligopoly Author:Eric Kierans
