Sen. Elizabeth Warren has introduced a bill that she claims is necessary to protect workers and free market competition, but instead it requires the DOJ (Department of Justice) and the FTC (Federal Trade Commission) to promote Marxism over capitalism.
According to Elizabeth Warren and Rep. Mondaire Jones (the bill’s sponsor in the House), the legislation will give the DOJ and FTC unlimited power (H/T Emperor Palpatine) to block mergers and, if deemed necessary, retroactively break up past mergers without legislative or judicial oversight. (via TheHill.com)
The Prohibiting Anticompetitive Mergers Act would allow the Federal Trade Commission (FTC) and Department of Justice to reject large merger deals without a court order. It would also give the government power to retroactively break up deals that resulted in a market share above 50 percent or “materially harmed” competition, workers, consumers, or small or minority-owned businesses.
The proposal is backed by a coalition of progressives in both chambers, including Sen. Bernie Sanders (I-Vt.) and Alexandria Ocasio Cortez (D-N.Y.), and follows a series of proposals introduced in Congress targeting the market power of tech giants.
Under the Warren and Jones proposal, a “prohibited merger” would include deals valued at more than $5 billion, deals resulting in market shares of more than 33 percent for sellers or 25 percent for employers, and deals resulting in highly concentrated markets under the 1992 agency guidelines.
Of course, it should come as no surprise to see Warren’s pro-Marxism bill receive support from Bernie Sanders and Alexandria Ocasio-Cortez; they have been in co-workers in the push for Marxist ideals like the Green New Deal, and it was just a few weeks ago that AOC shared her thoughts on why capitalism is no longer a “redeemable” system in America, and why it should be replaced with Marxism to provide “a more just economy.”
“So, to me, capitalism at its core, what we’re talking about when we talk about that, is the absolute pursuit of profit at all human, environmental, and social cost. That is what we’re really discussing.
“[Capitalists] can control our labor. They can control massive markets that they dictate and can capture governments. And they can essentially have power over the many. And to me that is not a redeemable system for us to be able to participate in for the prosperity and peace for the vast majority of people.” (emphasis mine)
Though avoiding the use of the word “Marxism,” AOC also shared a few suggestions on how it would be a better system than capitalism:
“I think at the end of the day, it is about who has control over the very core assets of production and society.
“These are alternative ways of doing business. Free markets are not the same thing as capitalism. And you can have markets where businesses and ways of producing, trading, selling goods are really controlled and not just controlled but giving more power to workers. People get a fair shake. Union jobs, unionized workplaces, all of these are different steps and levels that we’re talking about in a more just economy.” (emphasis mine)
Karl Marx said it this way:
“Unlimited exploitation of cheap labour-power is the sole foundation of [the capitalists’] power to compete.” ~ Karl Marx, Das Kapital (1867)
“Capitalist production, therefore, only develops the techniques and the degree of combination of the social process of production by simultaneously undermining the original sources of all wealth – the soil and the worker.” ~ Karl Marx, Volume 1 of Capital
I’ve written many articles about the growing acceptance of Marxism and socialism within the Democrat Party and how it has moved Democrats and even some Republicans further left than we ever thought possible as they openly advocate the destruction of capitalism and the creation a new Marxist proletariat.
Under Marxism, the proletariat signifies the class of workers who are engaged in industrial production and whose chief source of income is derived from the sale of their labor power. Marxism holds the belief that the proletariat has been exploited under capitalism, forced to sub-standard wages from the business owners who control the means of production (the bourgeoisie).
The ultimate goal under Marxism is for the proletariat to unite and seize power from evil capitalists and create a communist society free of class distinctions — a goal obviously shared by Elizabeth Warren, Bernie Sanders, AOC, and a growing number of Democrats as well as a growing number of Republicans.
During the 2016 presidential primaries, Trump’s embrace of Marxism was obvious when he was asked what changes he would bring to the Republican Party if elected president. Using talking points that could have come from Elizabeth Warren or Bernie Sanders, Trump replied:
“Five, 10 years from now — different party. You’re going to have a workers party. A party of people that [sic] haven’t had a real wage increase in 18 years, that are angry.” (emphasis mine)
In other words, Donald Trump was of the belief that one of his keys for making America great again was to create a dictatorship of the proletariat that would result in a Republican version of a new Workers Party of America ruling the economy.
And let’s not forget that throughout Trump’s presidency, the influence of Marxism within the Republican Party grew stronger as he rebranded the GOP by replacing conservatism with nationalism.
Elizabeth Warren’s plan to force the DOJ and FTC into choosing Marxism over capitalism will give government a taste of the kind of power Marxists often seek; the “nationalizing” of big businesses. Instead of a free market run by free men and women, Republicans and/or Democrats — depending on which party is in the majority at any given time — will pick winners and losers based on the political interests of the party in charge.
If you doubt the likelihood of such an outcome, let me remind you that Maxine Waters once suggested nationalizing oil companies in 2008 in order to control prices and production while Donald Trump actually took steps in that direction in 2020.
It can be argued that there is a “monopoly problem” in the American business system, but the answer won’t be found in Elizabeth Warren’s plan to force the DOJ and FTC into choosing Marxism over capitalism. The only way to end the problem of big business monopolies is for the government to end all involvement in economic affairs.
Elizabeth Warren is a Marxist who wants to destroy capitalism and replace it with Marxism, and she’s willing to force the DOJ and the FTC into doing the dirty work necessary to begin making it happen.
Will she succeed? Based on the behavior of Democrats and many Republicans over the past few years, she just might.
David Leach is the owner of the Strident Conservative. He holds people of every political stripe accountable for their failure to uphold conservative values, and he promotes those values instead of political parties.