Some supporters of capitalism praise its variety and the multitude of choices it gives its citizens, but George Grayson a professor of the College of William and Mary has a different tale to tell about Carlos Slim Helu the Mexican billionaire and his dominance in that country. 'Someone in Mexico will get up in the morning and eat breakfast in one of his restaurants while reading one of his newspapers. They will then make a phone call on one of his phone networks and buy insurance from him too,' said Mr Grayson.' (Times, 10 July) Helu is worth a staggering $75.4 billion and owns more than 220 companies and many Mexicans will be born in his hospitals, drive on his roads, live in homes built with his cement and smoke his tobacco. The truth is that capitalism is dominated by a handful of dominating billionaires. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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