Corporate Capitalism

Perhaps you have noticed that we are no longer living in a democracy. But rather we are living under a system that is really corporate capitalism. Corporations are not democracies. Instead they are totalitarian in structure and control. Corporations are run from the top without regulation and workers have no say in their operation. Furthermore, corporations control legislature so that our vote counts for nothing. We voted for Obama and the democratic platform and they have been unable to pass any legislation of consequence.

Moreover if you think the administration is helping the economy, think again. Their antics are creating another bubble. The money that has been spent to save these mercenary corporations has been totally wasted. We will see more fraud and corruption. It is happening already. Foreclosures are continuing. The banks are not lending the money that we the taxpayers gave them. Instead they used the money to pay bonuses and dividends and/or to acquire other corporations. The banks are paying practically nothing in interest to its depositors. The FDIC that protects your deposits is in trouble because the banks are refusing to pay for it. In addition, no one has gone to jail for the perpetration of fraud and corruption. The corporations have bought off the Congress and the politicians either are refusing to help the poor and middle class or are totally powerless to pass legislation that might help. Thus corporate capitalism will bankrupt the country. If the banks fail again there will not be sufficient funds to bail them out.

In the meantime the corporatists and their lackeys will continue to slice and dice you and me while the 1% run off to their private, rich and splendid shelters with 99% of the gold. Someone once said, “politicians are like talking dogs in a circus, it is impressive that they exist, but no sane person would believe anything they say.”

Let’s look at some of the lies emanating from our representatives to make the economy look better when it is really getting worse. For example, do not count the workers who are unemployed but have stopped looking. Then there are those who want full time employment but can only get part-time work that doesn’t pay them a living wage. These are not counted either as unemployed. The unemployment rate looks quite a bit different when you include those people. It jumps from 10% to 20% and we are continuing to lose jobs.

Another lie is the CPI (Consumer Price Index). The government lowers the inflation rate by excluding certain products that tend to inflate and replacing them with products that do not change much. If the government ceased lying to us, the inflation rate would be 10%.

However there is hope. But don’t bet your unemployment check on it. Instead of waiting for the collapse there is something that the Federal government can do providing we can get the Democratic Congress to act. The government can create jobs in order to improve the infra-structure of the country in the same way that FDR did in the 30’s. Building and improving roads, parks, bridges, schools, sewer systems and anything else that is needed, will provide employment for the unemployed. Then as the tax revenues increase the debt will eventually become smaller and the economy will begin to flourish. In short, do not be concerned about increasing the debt temporarily because it will be paid down in the future providing workers are back to work.

Here’s a thought for the day: Would you say that by and large, language is a tool for concealing the truth? Check out Sarah Palin’s new book “Going Rogue”. The book is coming out in November. There are excerpts available but you might want to wait for the English edition.

References:

George Carlin
Chris Hedges
Robert Reich