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Back in the day I also heard this called Monopolistic Capitalism, with Armand Hammer as a great example of that; a prototype of who we have today, though things have definitely developed more since then.

CourseofEmpire 6 Nov 21
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Klaus Schwab makes Armand Hammer look like an amateur.

Yep, all of the globalist types who are like that have gone well past what Hammer was like.