Turbo-Capitalism

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Edward Luttwak describes in powerful detail how turbo capitalism endangers the stability and welfare of our society. In contrast to the controlled capitalism of the Cold War era, turbo capitalism is unregulated by governments, unchecked by effective trade unions, unfettered by concerns for employees or communities, unrestrained by customs barriers or investment restrictions, and unhindered by taxation. The winners in this free-for-all are getting much richer, while the losers are becoming poorer and are forced by downsizing to take the traditional jobs of the underclass.