What's big, white, and thrives entirely on hypocrisy? No, not the Church...Corporate America! Because what on earth makes less sense than a group who supposedly thrives off of free market competition begging the government for import tariffs to be protected from foreign goods and services, tax breaks, and bailouts to be saved from failed economic practices? Gotta love how they hold the working class hostage though. Wasn't the point of the Obama stimulus package that they were trying to help the workers keep their jobs? And yet I'm pretty sure the only reason the wages are where they are is because of the labor unions. Hmmm...quite a quandary. Oh, and does anyone else find it funny that Corporatism is the modern symbol of globalized capitalism when it is, at its base, funded through communal ownership via stocks? They've even got the whole "Some more equal than others" thing through voting shares, and work primarily for the welfare of shareholders.
Oh I could go on and on about how historically corporations have worked to eliminate competition through unique systems of productions like cartels (where the competitors agree to maintain high prices so there is no price war competition to drive costs down specifically so the executives get to maintain high profits at uncompetitive high while the rest of the people starve) and generally tried to do nothing more than secure baseline profits by finding clever cost-efficient ways around competition. But that's just too easy, and much less clever. You'd have to live under a rock not to know about the joys and wonders of the Robber Barons. Though Stossel actually tried to take the unique position of defending them by saying they provided low cost transportation...I'm not sure how, really. Anyone wanna shed light on this one, because insofar as I can tell that's bullshit.
No comments:
Post a Comment