Tuesday, February 21, 2017


 Private power . . . 
  has usurped our government. 
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The corporate form has evolved into something quite different from its beginnings. Corporations originally were required to serve the public good. And now, it is required by law that profits for investors precede everything, including the public good. Today, the largest corporations receive huge subsidies, while paying next to nothing in taxes. Our tax system, by the way, is very progressive only up to about one million per year. After that it drops, so that billionaires pay nothing. Our system is regressive at the top, therefore it’s regressive overall. The public pays for research and development, and as soon as the technology becomes profitable, it’s handed over to big business for free. We pay and they profit. From aviation, computers, the internet, GPS, and cell phones, these all have taken decades (30 years each) of publicly funded research and development. They get it for free (or in exchange for campaign donations/bribes), they profit, and receive far more subsidies than they ever pay in taxes. We pay to develop new technology, and then we pay again to use it. They receive the returns on our investment. What ever happened to their bootstraps?

With all of their unfair advantages, they easily destroy medium & small businesses and real jobs, as if they never existed in the first place. And, most of the jobs created by big business do not pay enough to support a single person, let alone families. The corporate hierarchy is as extreme as a totalitarian state, with all of the power at the top. After decades of over regulating the middle class and poor, while deregulating big business, we’ve ended up with corporations more powerful than most countries, virtually above the law. Fines are not frequent or large enough to be deterrents. Externalities require the public to pay most damages. They influence elections and have acquired the rights of immortal persons. They are undemocratic and unaccountable. We need to hold them accountable.

History has given us clear examples of what works and what doesn’t work. The economy we have now is as reckless as the economy leading up to the Great Depression. The New Deal regulations saved the economy after the Great Depression and gave us a stable economy up until the Reagan Revolution destroyed it. We are still fully in the grips of Friedmanism. The policies of John Maynard Keynes gave us a strong middle class and five decades of no crashes on Wall Street, while Milton Friedman’s policies have given us four decades of one disaster after another. Conservatives still push for more austerity, privatization and deregulation, but:
“Milton Friedman's misfortune is that his economic policies have been tried.” – John Kenneth Galbraith 
This would all be common knowledge, if the private media had an interest to inform the public. Even the left wing of the corporate media has corporate (in other words, right wing) interests at its core. The Orwellian framing of the establishment media as a liberal media, urges the public to act against their own interests. Progressives understand this, but Republicans and Centrist Corporate Democrats are still deluded by the corporate propaganda of the corporate media.
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Post by: Kurt Riebel: artist, activist  

#PeacefulProtest #LoveTrumpsHate #NotMyPresident #ResistTrump #Resist @uResist

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