Wednesday, October 22, 2008

Brutal Honesty

From MarketWatch:

14 reasons Main Street loses big while Wall Street sabotages democracy

  • Three decades of influence peddling in Washington has built an army of 42,000 special-interest lobbyists representing corporations and the wealthy. Today these lobbyists manipulate America's 537 elected officials with massive campaign contributions that fund candidates who vote their agenda.
  • This historic buildup accelerated under Reaganomics and went into hyperspeed under Bushonomics, both totally committed to a new disaster capitalism run privately by Wall Street and Corporate America. No-bid contracts in wars and hurricanes. A housing-credit bubble -- while secretly planning for a meltdown.
  • Finally, the coup de grace: Along came the housing-credit crisis, as planned. Press and public saw a negative, a crisis. Disaster capitalists saw a huge opportunity. Yes, opportunity for big bucks and control of America. Millions of homeowners and marginal banks suffered huge losses. Taxpayers stuck with trillions in debt. But giant banks emerge intact, stronger, with virtual control over government and the power to use taxpayers' funds. They're laughing at us idiots!
Later in the article, author Paul Farrell resurrects the long-dead term "Corporatism" from the lips of Mussolini, who coined it as a definition for Fascism. The original kind. You know, the kind that was in Webster's Dictionary before it was changed to the Hitlerian kind, during guess what, the Reagan administration.

This has been well covered in Thom Hartmann's book Unequal Protection, but also in the sublime documentary The Corporation, the two of which point out that the individuals, when taken alone are often nice people who want to do the best for the world. The PROBLEM is that they are within a construct THE CORPORATION which is operates fundamentally as a sociopath, with no feelings, no remorse, its only aim to metasticize like a cancer cell, and when given personhood as they indeed have been, they can be exonerated for the atrocities.

Infinite growth is its aim in the most expedient manner possible. As I've pointed out before, this means quantitative growth, not qualitative. Who cares how it is or what it is, just that it is.

In the corporate world, everybody is trying to get more for less, but in reality, you get less with less. I think this is why I'm terrified about my building changing management.