The Congressional Bailout Is A Shithole Of Corporate Capitalist Rot
Public corporations are horrible things. Public is a misnomer. A gentleman in 1776 England was above physical labor. He may speculate through corporations or stocks or whatnot but never would a gentleman do physical labor. Duke, lords and other titled gentlemen of nobility scoffed at the working class. They put them in debtors prisons and poor houses. Or, they lived in mass poverty. Just like our titled CEOs, CFOs, presidents, and chairmen in the US of A corporations today.
1776 was when the capitalist manifesto, Wealth of Nations, was written that is now held as the magnum opus today. I'm not saying its author, Adam Smith, was a complete scumbag but English gentlemen definitely were. And, still are today. Just as our corporate capitalist gentlemen with titles and lands granted by our modern day American monarchy are. Oh by the way, amongst other things, Smith worked for the East India Company. All corporations were chartered by the monarchy with one intent - to loot and pillage on behalf of English gentlemen and the monarchy who were essentially one and the same. They were the pre-modern fascists. The East India Company had its own army, governed English interests for the crown with an iron fist in the areas it exploited and made a mint addicting Chinese on opium amongst other murderous endeavors. The "government" of England knowingly and intentionally made its greatest profits off of corporate-sold dope. The capitalists and the monarchy squealed with glee as they pillaged the world backed by the force of the state. In 1776. The year we went to war with the English. Ultimately, the British corporate empire would murder tens of millions of people while looting and pillaging just as U.S. empire backed by a weaponized military-industrial complex and jingoistic, megalomaniacal foreign policy does today.
This bailout bill is sickening. It is a criminal corporate coup just like 2008 and it is being done without any democratic transparency. It is being jammed through not because of economic crisis but because they don't want anyone to see it before it's passed. Just like the 2008 bailout of financial criminals and Obamacare, another corporate bailout. This bill too will result in future austerity and cuts to social safety nets of democracy. Public corporations should access the Federal Reserve discount window and receive loans in return for collateral. They can be zero percent loans or whatever but they should be loans as opposed to handouts that are logged against our national debt that citizens must pay back. And, given how these companies have been massively mismanaged, I would prefer their senior leadership be removed rather than rewarded as noted in the last post. But they must be penalized for their incompetence. Shutting the economy down for three weeks should not be forcing these companies into fear of collapse if they were managed properly. Corporate malfeasance in this nation is at excrutiating levels. I see it in the work I do. The incompetence is literally beyond description.
The government is picking winners and losers and small and local businesses are going to get shafted as are the citizens of this nation. The winners are corporations and the losers are you. Don't buy this Republican clap trap that bailing out companies is the same thing as bailing out citizens. It's more Reaganite trickle down con games. The only item that should ever be considered as a budgetary item coming out of Congress is a bailout for citizens who are unemployed or impacted by this mess. Grocery workers, food workers and truckers are heroes. Force companies who are minting profits off of these workers to grant higher wages and provide them protective gear. They do this work with no protection and oftentimes subhuman wages. Everything other than money for citizens comes as a loan. Frankly, the Federal Reserve could open windows and pay citizens or local businesses debt-free cash but doing so would show the world that the patrician class of predators in this nation could have fixed the socioeconomic issues in this nation long ago. And, that would likely add resolve to citizen's demands to a living wage, healthcare, free education and whatnot.
Most of this coronovirus economic mess is a corporate capitalist mess and they are being rewarded for it. But more on that later.
1776 was when the capitalist manifesto, Wealth of Nations, was written that is now held as the magnum opus today. I'm not saying its author, Adam Smith, was a complete scumbag but English gentlemen definitely were. And, still are today. Just as our corporate capitalist gentlemen with titles and lands granted by our modern day American monarchy are. Oh by the way, amongst other things, Smith worked for the East India Company. All corporations were chartered by the monarchy with one intent - to loot and pillage on behalf of English gentlemen and the monarchy who were essentially one and the same. They were the pre-modern fascists. The East India Company had its own army, governed English interests for the crown with an iron fist in the areas it exploited and made a mint addicting Chinese on opium amongst other murderous endeavors. The "government" of England knowingly and intentionally made its greatest profits off of corporate-sold dope. The capitalists and the monarchy squealed with glee as they pillaged the world backed by the force of the state. In 1776. The year we went to war with the English. Ultimately, the British corporate empire would murder tens of millions of people while looting and pillaging just as U.S. empire backed by a weaponized military-industrial complex and jingoistic, megalomaniacal foreign policy does today.
This bailout bill is sickening. It is a criminal corporate coup just like 2008 and it is being done without any democratic transparency. It is being jammed through not because of economic crisis but because they don't want anyone to see it before it's passed. Just like the 2008 bailout of financial criminals and Obamacare, another corporate bailout. This bill too will result in future austerity and cuts to social safety nets of democracy. Public corporations should access the Federal Reserve discount window and receive loans in return for collateral. They can be zero percent loans or whatever but they should be loans as opposed to handouts that are logged against our national debt that citizens must pay back. And, given how these companies have been massively mismanaged, I would prefer their senior leadership be removed rather than rewarded as noted in the last post. But they must be penalized for their incompetence. Shutting the economy down for three weeks should not be forcing these companies into fear of collapse if they were managed properly. Corporate malfeasance in this nation is at excrutiating levels. I see it in the work I do. The incompetence is literally beyond description.
The government is picking winners and losers and small and local businesses are going to get shafted as are the citizens of this nation. The winners are corporations and the losers are you. Don't buy this Republican clap trap that bailing out companies is the same thing as bailing out citizens. It's more Reaganite trickle down con games. The only item that should ever be considered as a budgetary item coming out of Congress is a bailout for citizens who are unemployed or impacted by this mess. Grocery workers, food workers and truckers are heroes. Force companies who are minting profits off of these workers to grant higher wages and provide them protective gear. They do this work with no protection and oftentimes subhuman wages. Everything other than money for citizens comes as a loan. Frankly, the Federal Reserve could open windows and pay citizens or local businesses debt-free cash but doing so would show the world that the patrician class of predators in this nation could have fixed the socioeconomic issues in this nation long ago. And, that would likely add resolve to citizen's demands to a living wage, healthcare, free education and whatnot.
Most of this coronovirus economic mess is a corporate capitalist mess and they are being rewarded for it. But more on that later.
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