The Rise of Corporate-State Tyranny

Book excerpt: A convergence between the world's two superpowers is taking place. Today, American business--as well as the media and academic establishments that serve them--increasingly embraces what can best be described as "Chinese capitalism with American characteristics." In the United States, as property and power further consolidate, the "diffusion of power," so critical to democracy, erodes and autocracy develops naturally. Only players at the highest level possess the heft and the motivation to influence policy. This powerful front consists of a new alliance between large corporate powers, Wall Street and the progressive clerisy in government and media.