Hanne Nabintu Herland’s The Billionaire World: How Marxism serves the Elite (2023) is a vital book that will help you understand what is going on in the world today.
It will also help you to defend capitalism against objections that are all-too-common today, writes founder and president of the Mises Institute, Llewellyn H. Rockwell Jr. The article first appeared at LewRockwell.
True Capitalism or the fake kind: Herland distinguishes two kinds of capitalism: real and fake. The real kind is a voluntary society, in which people trade goods and services with each other, and everybody benefits.
The fake kind is one in which a few greedy billionaires use the state to gain power and privileges for themselves. These billionaires are willing to enslave humanity to gain their nefarious ends.
Here is what Herland says about them:
“In the West, the ultra-rich own almost everything. Private investment corporations such as Blackrock, Vanguard, Capital World, Fidelity Management, Berkshire Hathaway and State Street represent capital owners who own media companies, Big Tech, Big Pharma, the military complex, and the food industry. They also fund politicians and exert strong influence over political decision makers as well as government funds and assets.”
True Capitalism of the fake kind: “These investment companies have become so powerful that they control most of the world’s capital. Whichever industry you take a look at, you easily find many of the top shareholders, decision makers and names among the ten leading institutional investors. Most of the companies that we perceive as competing brands are actually owned by the same company; for example The Coca-Cola Company and PepsiCo. These mastodonte companies completely dominate our way of life, what we eat, drink, watch on TV, what we wear, and who we vote for. They are the rulers of social media, the mainstream media, Hollywood, and most of the entertainment business.”
This domination leads to a totalitarian control over people:
“To an employee, this economic entanglement has vast implications. In order to keep their job and be able to put food on the table, journalists and editors alike have to exhibit their willingness to agree with the narrative being pushed. If they object to the politically correct groupthink, they’re out. The desired narrative is structured to produce the highest possible capital gain for the news business’ super-rich owners, with the blessing of media leaders, government officials, leading politicians, and the academic elite.”
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True Capitalism: People usually think of Marxism as the enemy of the super-rich, but in fact the billionaires and the Marxists are allied to overthrow Western civilization:
“This is a point the book ponders over. It would have been close to impossible for the billionaire class to succeed without the weakening of the Western social culture. The reference here is precisely to the remarkable socialist revolt against classical, Western values such as the demand for individual accountability, the right to own the fruit of one’s own labour, the establishment of decentralized government and independent institutions, private property rights, and equality, regardless of race, class, or gender; to precisely the Marxist aim of crushing social stability to impose a centralized government and the atheist world order, destroying the “bourgeois” family structure and the nation-state, and repressing free speech and critical thinking for those who oppose the left-wing narrative. . .Fear was key to create an obedient population under Joseph Stalin and fear is the key word today.”
After reading this, you may wonder, “Who is Hanne Herland? Why should we believe what she says? The distinguished and astute Paul Craig Roberts explains and summarizes her views:
“Hanne Herland is a leading intellect of the Western world. She is a defender of civilization and Christian morality and a stalwart opponent of the Satanic forces that are attacking our civilization. In her new book, The Billionaire World, she explains the variety of assaults on Western civilization that are undermining the belief systems and cohesiveness of Western countries. Among them are the concentration of wealth in a few hands, the weaponization of scholarship by Cultural Marxists, the transformation of education into indoctrination, a declining sense of duty and responsibility on the part of governments, and the erosion of Christian morality.
Wealth concentration brings information control. Herland explains that the voices of people have been silenced by the enormous control exercised by monopolies and interlocking directorships of a handful of immensely rich entities. A few private investment corporations–Black Rock, State Street, and Vanguard–own the stocks and sit on the boards of most of the large corporations. This puts tremendous power and control in a few hands. Even competing companies, such as Coca Cola and Pepsi Cola, are owned by the same parent company.
Six mega-corporations control more than 90% of the US media. The extraordinary control by a handful over Western civilization permits the imposition of self-serving narratives which if challenged results in being fired from livelihood and cancelled. The former feminist icon Naomi Wolf speaks of it happening to her.
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