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Cináed mac Ailpín

Posts Tagged ‘Finance’

If We Can’t Lose the Politicians, Maybe We Can Lose the Corporations?

Posted by cinaedh on February 8, 2009

justbusiness1

Has it occurred to anyone at all, this global financial meltdown is the best thing that has ever happened, or ever could have happened, to our current bag-of-scum politicians and their corporate benefactors? I’m not talking just Canada or the United States here, I’m talking the entire world.

Bribed By Your Very Own Friendly, Neighborhood, Armed Robbers!

Apparently the politicians have found a new way to bribe you with your own money – both your current funds and any possible future funds. I don’t think they were looking for it. I don’t think even one of them is creative enough or smart enough to deliberately plan it but the way things are working out with the global financial meltdown, they’re taking full advantage of the circumstances. It turns out, a global financial meltdown means politicians are forced, against their will, to take most of the money from the hands of the poor and the middle class and hand it over to wealthy corporations and individuals. Not only that, they’re doing it for your own good, so you should vote for them again.

Politicians & Corporations Profiting From Other People’s Misery? Who Ever Would Have Thunk It?

The bad news for all of us is this: all the politicians in the world have a lot of incentive to make sure the global financial meltdown continues for an indefinite period of time. Perhaps that’s why we see them every night on television, feeding the negative frenzy by moaning and crying crocodile tears over the horrible state of the economy. They really want to keep up that pressure to generate more fear and panic, yet they say they want you to buy lots of things – but they also want you to save some money (so they can take it later?). They say borrowing money caused this crisis but they want to ‘free up credit’, so banks will start lending you money again. WTF?

The ‘Powers-That-Be’ Don’t Want Much, They Just Want Everything You Own And Everything You, Your Children, Grandchildren & Great-Grandchildren Might Someday Have Owned

Let’s face it, the tragic state of the economy doesn’t really personally affect politicians very much and where it does affect them, from their point of view, it’s a positive occurrence. They get to keep their grossly inflated salaries, benefits, perks and lifelong pensions, while the value of their income increases as hardworking citizens lose their savings, then their jobs, then their homes, then… what? In the meantime, the politicians are happily scooping up the money with dump trucks, taking it from the very people who are suffering from this generated calamity and handing it over to their financial benefactors in the corporate, banking, automotive and other very expensive worlds.

They’re going to tell you ’strings are attached’ to that money and it’s a loan or whatever but first of all, don’t hold your breath until the loans are repaid and second, those ’strings’ are often open to interpretation. For example, ‘executive salaries and bonuses’ have been limited in the United States but I wouldn’t be surprised if a bunch of ‘extraordinary expenses’ or ’supplementary compensation’ got paid from the bailout money.

Already, corporations are claiming the ludicrous salaries and bonuses are being paid to CEOs out of a different pot of money. None of the bailout money is used, of course. I, for one, choose to believe that is true. Really. Would they lie to us? For filthy lucre? Nah!

A Wondrous, Magical Mystery Tour For Politicians

For a politician, this global financial meltdown is a wondrous thing. I mean, how else could they justify cleaning out the till, then taking out humongous-sized loans they’ll never personally have to worry about re-paying, then handing all the cash over to their friends and supporters – for free! Woo Hoo!

In Canada, I know about eighteen brand new Conservative senators who are laughing their asses off, all the way to the bank. They have new, high-paying jobs for life, for which they needed no greater qualification than simply being Conservatives and they aren’t actually expected to do anything except vote Conservative, every time they’re asked to vote. If, after awhile they get sick and tired of doing essentially nothing for huge sums of money, they can retire at any time with big fat pensions. Woo Hoo again!

If you think Bernie Madoff stealing $50 billion in a Ponzi Scheme was the worst theft that happened recently, you haven’t been paying very close attention to your local politicians, wherever you happen to live. The amount being taken from your pocket by your friendly local gang of politicians dwarfs Madoff’s $50 billion by many orders of magnitude.

Have Corporations Outlived Their Usefulness?

Corporations have always been the bane of democracy and now they’re becoming the bane of our very existence. Perhaps they’ve outlived their usefulness? Perhaps we can morph them into entities who will agree to honor the social compact, like the rest of us?

What are you saying there, Mr. Politician? We can’t afford to ban or morph or even regulate the corporations because ‘it would cost jobs’ and besides, then no-one would contribute so lavishly to the political parties and the personal welfare of politicians? Well, that’s too bad. I do believe we prospered prior to the advent of corporations and I do believe we will prosper once again, after the demise of corporations.

Deciding to do it isn’t the trick; deciding how to do it is the trick. It’s time for all those highly educated, brilliant, knowledgeable economists, who got us where we are today, to figure out how to get rid of the blood-sucking corporations.

corporateeye

Posted in Political | Tagged: | 5 Comments »

A Perspective of Capitalism

Posted by cinaedh on January 21, 2009

chickenegg

An interesting aspect of the current financial meltdown is that nothing has actually changed except perspectives.

Think about it. One day everything was fine, then the Bush economic guru announced the world was coming to an end if his friends in the financial sector didn’t get 700 billion dollars of the taxpayer’s money the very next day, then the financial world did come to an end, more or less.

In a capitalist economy, goods only have the value people are willing to pay for them. Paper things like mortgages and stocks have no intrinsic value and they never did, so the value of paper can go from insanely high to nothing in a moment.

What we have to remember is the capitalist system was designed with real things in mind. Houses and cars and other real goods still physically exist and they still have value. What we’re finding out now is the actual value of these things, as opposed to the paper value.

That’s exactly what capitalism is designed to do and I’m quite certain it would work, if only the bankers and the politicians would let it.

Posted in Perspective | Tagged: | 9 Comments »