This “stop helping favored industries with subsidies” demand by the bourgeoisie is silly.
Wasn’t the US’s founding genocide a subsidy to capital by government? Weren’t all the genocides making up primitive accumulation subsidies? Wasn’t government enforcement of slavery a subsidy? Isn’t the Iraq War, and all other imperialistic wars, coups, and blockades?
It’s subsidies all the way down. Now the biggest thieves in world history, the white supremacist capitalists, are accusing their victims of subsidy.
Yeah, the whole free market thing is just propaganda in practice. US regularly subsidizes their industries, and manipulates the market during economic downturns.
“Together, the 500 corporations on this year’s list generated $13.8 trillion in revenue, or some two-thirds of the U.S. economy.” taken from here.
I think you are totally right on this. 500 firms doing two thirds of the economy sounds pretty centralised to me, and that is even before one would consider the ownership of the companies, which probably reduces the circle of responsibility / influence even further.
There was a great interview with Isabella Weber on a recent “The Dig” episode, where she tells the story of how WW2 price controls were easy to establish in the US, since the majority of the economy was run by such a small number of firms. “It is easy to fix prices that are already fixed.”
Sadly, the purpose of the controlled economy isn’t for the wealth of the many…
It’s basically capital concentration that Marx and Lenin talk about.
Feels more.like.a cold war with everything America does