Tue Sep 16, 2008
Capitalism Will Eat Itself
Merrill Lynch: numm, numm, numm. Lehman: nibble, nibble, nibble. Fanny Mae: chomp, chomp, chomp.
Greed greed greed: dig in, dig in, dig in... All you can eat until you disappear down your own profit motive.
(Image the Red Baron, whoever the fuck he is)
And in France a real contender in the next election is The Anti-Capitalism Party. Good on 'em. Drive as many tractors as you want into McDonalds...
Mind you, I've done pretty well riding on the profit motive wave myself, but the downright evil-doings of those who dreamt up the short-term gain pyramid scheme of the Sub-Prime Mortgage disaster have set the world up for the next Great Depression.
Libertarians and right-wingers will say it was because there was too much regulation and legislation. I say, the world and the people know better.
Government is the only power, gives the only voice that people have against rampant corporate greed. Regulations and control, check and balances, are the way to rein in the saurian stupidity of the self-interested corporations. (Not counting the Bush Corporation/Government of course.)
John Raulston Saul said this, I'm saying this, Paul Krugman says this.*
Peanuts Strip in ST today says:
(Only an egoist like myself would put my name in their company, but, you know, it's my blog.)
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