Corporations are not businesses operating in a competitive "free market". They are political entities designed to funnel money to the 1%. There is no such thing as the "free market". Some examples from this post: Everything is a commodity. “In recent years, big banks like Goldman Sachs, Morgan Stanley and JPMorgan Chase have aggressively pushed into the commodity business by buying up warehouses, oil refineries, power plants and other physical infrastructure. They have been able to do so because American lawmakers and regulators have removed many of the barriers that historically separated banking and commerce; a cause for concern because banks might be able to take unfair advantage when they trade commodities in financial markets.“ Money Talks - Corporations get the gold mine; “the people” get the shaft. "In the nation’s capital, the word “influence” has become a euphemism for bribery and extortion, and it’s all perfectly legal. Two researchers, Raquel Alexander and Susan Scholz, calculated how much the corporations saved under the lower tax rate, comparing that sum to amount the firms spent lobbying for the law. They found that for every dollar spent on lobbying the companies got $220 dollars in tax benefits. "Imagine investing $10,000 in the stock market and walking away with $2.2 million. People can’t do that; only corporations can. That’s because corporations aren’t people and don’t play by the same rules people do." "The argument here is that corporations are not what they appear or claim to be; they are not “endowed with unalienable rights” or mentioned anywhere in the US Constitution; they do not care about abstractions like the common good or the national interest; and, finally, they neither need nor deserve special favors from government." The solutions? More regulation and more competition. Move your money.
Posted on: Tue, 30 Jul 2013 18:08:40 +0000
Trending Topics
Recently Viewed Topics
© 2015