What’s going on II

As our friend and political analyst Storey Clayton noted in these pages last month, “[our] society is manufacturing anger and despair at an incredible rate.”

The pervading sense of helplessness among American youth, having been jaded by four years of more of the same pre-packaged as “change,” is as great as it has ever been.

The centralization of power and the consolidation of wealth are going faster in America than they ever have previously. American youth can feel that lack of control.

Perhaps a few visual aids

More on the illusion of choice and reality of the centralization of power and the consolidation of wealth…

That’s nine companies controlling every brand shown in the diagram.

More on the illusion of choice and reality of the centralization of power and the consolidation of wealth…

The four most complex U.S. financial holding companies — JPMorgan, Goldman Sachs, Morgan Stanley and Bank of America — each contain more than 2,000 subsidiaries, with two of those controlling more than 3,000 subsidiaries, according to a research paper published this month by the Federal Reserve Bank of New York. Citigroup has 1,645. In 1991, just one firm exceeded 500 subsidiaries…“—source: Bloomberg News

Aaron Mandel

Aaron Mandel is a writer and an accomplished public speaker. He is the publisher of the Clarion Content. For more than a decade, the Clarion Content has covered Durham’s arts, politics, music, and cultural milieu. From breaking news stories to the hottest local acts, the Clarion Content is on the scene. The Clarion Content published more than twenty distinguished guest columnists and garnered nearly a million views. Mandel is a volunteer for the Durham Mighty Pen Literacy Project and serves as the President of the Board of Sustain-A-Bull Durham, a local small business collective with more than 200 members. He writes regularly on the Clarion Content and has been quietly writing fiction since the 4th grade. Mandel has been published in the Raleigh News and Observer. He has also produced numerous art shows, including, “Durham under Development”. He was a featured speaker at “The State of Publishing” conference. He has presented to Durham Chamber of Commerce, “Chamber U” on the “New Media”. He has also served as the play-by-play announcer for the D.B.L., a Durham youth basketball league. He holds a Bachelor of Arts degree in History and Religious Studies from Indiana University in Bloomington. An avid policy debater at Indiana and a Nation Debate Tournament qualifier, Mandel was also a member of the New Jersey State Champion two-person Policy Debate Team. He has lived in North Carolina, New Jersey, California, Texas, Illinois, Colorado, Indiana, and Baja California, Mexico.

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