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Capitalism Under Siege?

By : Ziad Abdelnour| 11 December 2023
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It is clear today that our Top Nation’s Wealth Creators Create Trillions of Dollars of Wealth, yet Politicians Want To Destroy Them

Look at it this way…. It is a fact that the “Magnificent Seven” stocks — Amazon, Apple, Google, Meta, Microsoft, Nvidia, and Tesla — account today for almost all of the gains in the stock market this year.

None of them are Japanese, German, or Chinese. All seven are American companies. They are globally dominant. They are the very symbols of America’s tech dominance in the first quarter of the 21st century.

They are single-handedly keeping 401k plans and retirement funds out of the red.

These are the General Motors, Standard Oil, JP Morgan, and U.S. Steel of the 21st century.

Yet Democrats, Republicans, and the White House have their carving knives out for them. Apparently, making a profit, creating hundreds of thousands of jobs, and adding trillions of dollars of consumer welfare are now illegal in America.

Many Democrats want to break up big tech – because they are TOO dominant. In my view, it’s a lot better to be too dominant than inferior.

Then there are conservatives who want to destroy the Magnificent Seven because they don’t like their leftist politics. Neither do I, but I like their products.

Congress is intent on killing the Google — the goose — that lays the golden eggs. Apparently, they’d rather have us all be poorer and buy our cell phones and search engines and robots from China.

Mark my words…

Once the politicians have driven the Magnificent Seven to their knees, there will be a hullabaloo about how America is losing its tech dominance.

These same knuckleheads in Washington will start passing out billion-dollar taxpayer subsidies to the very companies they are now set out to destroy.

Go figure …. Share your thoughts