“The hidden hand of the market will never work without the hidden fist. McDonald’s cannot flourish without McDonnell Douglas.”Xerox was once almost the only manufacturer of photocopiers in the world. Kodak was once almost the world’s only maker of cameras and photo film; Where are Xerox and Kodak today? More recently, Motorola was the leading manufacturer of mobile phones; Where is Motorola today? US-based RCA Victor was one of the largest producers of TV sets in the world. Where can you buy an RCA TV set today? Where are the great Pan Am World Airways and Continental Airlines? Where are E.F. Hutton, General Foods, RCA, DEC, Compaq? Where are American Motors, Bethlehem Steel, Polaroid cameras, and so many more? Gone, because they couldn’t deal with effective competition....Descriptions of American ingenuity and competitiveness were never accurate or valid, but mere jingoism fabricated by Bernays’ adherents to further promote the self-serving mythology of virtuous American capitalism. The truth is that the large US companies thrived on only brute force, heavily supported by their own government to limit competition both domestically and abroad. The US government and military have always existed primarily to browbeat other nations and economies into submission, to help US corporations obtain unfair trade deals, exclusive access to resources and markets, effectively colonising and subjugating much of the world.
