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Related: About this forumPapantonio: Corporate Pigs and Politicians
During the long run of Republican leadership, prior to the Great Depression, Corporate America and the Republicans had an agreement. Government would not regulate, and business would not be limited by checks and balances. Corporations were able to generate bigger profits at the expense of workers, consumers, the U.S. Treasury, and the U.S. economy. The big were gobbled up by the bigger, and the concept of arms length competition was illusory. Deregulation increased profits, but none of those profits trickled down to the workers. It was laissez fair government at its worst.
Myths were created about corporations and capitalism. A few of those myths were that a publicly held corporation has no duty to the public except to maximize profits for its shareholders. In other words, ignore the fact that the corporation could never exist without the roads, law enforcement, court systems, and military that tax payers provide the corporation so it can do business.
That myth ignored the billions of dollars the public spends every year on research and development that taxpayers dish out at universities through medical research, military research, agricultural research and hundreds of other areas where that corporation benefits from that research.
Myths were created about corporations and capitalism. A few of those myths were that a publicly held corporation has no duty to the public except to maximize profits for its shareholders. In other words, ignore the fact that the corporation could never exist without the roads, law enforcement, court systems, and military that tax payers provide the corporation so it can do business.
That myth ignored the billions of dollars the public spends every year on research and development that taxpayers dish out at universities through medical research, military research, agricultural research and hundreds of other areas where that corporation benefits from that research.
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Papantonio: Corporate Pigs and Politicians (Original Post)
GoLeft TV
Jan 2015
OP
DhhD
(4,695 posts)1. And its is our youth, through education, that bring that research to practice.
http://www.alternet.org/education/how-corporations-are-cheating-millions-school-children-out-billions-education-funds?akid=12650.295576.9-xXcH&rd=1&src=newsletter1029733&t=21
Corporations will extinguish America; its their plan to feudalize the entire world. Poppy Bush used to talk about the One New World Order in his speeches.
Corporations will extinguish America; its their plan to feudalize the entire world. Poppy Bush used to talk about the One New World Order in his speeches.
supercats
(429 posts)2. Brilliant!!!
Pap was exact and to the point. This needs to be seen by the entire 99% repeatedly!!! Thom Hartmann and Amy Goodman need to play this everyday!!! Forever!!!!
Iwillnevergiveup
(9,298 posts)3. K&R
Once again, Pap nails it in just a few minutes.