Recs
December 08, 2009 – Comments (10)
I am reviewing this video from 1994. James Goldsmith got so much right in what he has predicted.
"There's a divorce between the interest of corporations and societies..." So well said.
We have killed the middle class disposible income so how do the corporations profit now?
Very intelligent post, thank you for sharing.
This is probably meant to be a rhetorical question, but I just can't help myself. The answer lies in government intervention.
What truly sucks is that in this divorce, it seems that corporations have taken sole custody of the government.
Well the government gave them all the power. It's not like the CEO's walked into Washington with a standing army and took over.
I'm pretty sure the government has the monopoloy on the court system (rig the rules for your friends), the armed forces (bomb brown people for your friends), and the money supply (given to the Fed - they're friends.)
So who's to blame here? The guy giving special privileges or the people accepting them, or the intellectuals that are eager to justify it all in exchange for prestige and a secure income, or the ignorant public for supporting it all?
All tyrants exist with popular support.
David in Qatar
whereaminow wrote:"All tyrants exist with popular support."
Hey dwot,
Any chance you could post that nugget of wisdom to this blog for the benefit of some deserving students in Washington DC?
Thanks!! :)
Turfscape,
Agreed. Do you know who the lobbyists for the government are? They're called professors.
The real problem in D.C as of late has been the 'think tanks'. These are basically the private groups that are writing most of the important legislation that gets passed today, the major one for globalization and trade is the Council on Foreign Relations. Really this small group of people has a massive influence on all US foreign policy, through no election or hearing. It's a tightly wound mix of "old wealth", corporate interest, media, politicians and academia. It's likely the tool that was used to get that legislation through. While I do think a lot of the rumors/fear mongering that surround it are overblown, it's where business goes to get trade policies written. I doubt it's any coincidence Robert Rubin was in charge of things under Clinton and is now co-chairman of their board of directors. If there is a ruling class in the US, you'd find it here.
Don't be fooled that the government lost any power in the divorce. It gained power! Consider it the judge in the divorce preceedings and what it gave in the beginning, it can take away if the corporations don't play ball.
"We have killed the middle class disposible income so how do the corporations profit now?"
Income?
What's that.
Have some more debt though, and use that to buy stuff.
Hell, debt is so easy to obtain, we don't even need capital to run banks, we'll just trade with debt.
I continue to be amazed at all these people who insist on blaming this whole mess on the big bad government that they elected. This whole concept of "taking back our country" is absurd, because we never lost it. We had elections in November just like every year.
We brought this on ourselves.
My 10 cents worth.
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