The Pathology of Wealth + The Hypocrisies of Capitalism
First Program: The Pathology of Wealth
As the planet moves closer to environmental catastrophe, the captains of industry, the robber barons of the age, could hardly be bothered. They have more important matters to consider. Making money. And they better be on the ball and deliver those dividends because if they don't they will soon be replaced. Profits uber alles is the guiding mantra. Environment. Schvironment. It gets in the way. Sure they'll recycle paper and glass but forget about doing anything substantial. Pursuing new corporate earning opportunities and wealth accumulation are in capitalism's DNA. The owners of the economy, the 1%, are operating from the tar sands in Alberta to fracking in Pennsylvania. They have got their eyes on the only prize that matters to them. The lust for lucre continues unabated.
Second Program: The Hypocrisies of Capitalism
The "Newsweek" cover declares, "We are All Socialists Now." Some people
have a different take on it. Paul Krugman, commenting on the bailout
of banks and the giant insurance company AIG, says it's a classic
example of what he calls "lemon socialism," that is, taxpayers bear the
cost if things go wrong, but stockholders and executives get the
benefits if things go right. Krugman, a Nobel Prize winner, is
describing our economic system as it really is, not the fantasy tale
spun for mass consumption by Alan Greenspan and his disciples. One
salient aspect of the economic collapse is the focus on rotten apples
like Bernard Madoff and Robert Allen Stanford. They are easy pickings.
We can all be virtuous in denouncing them as cheats and swindlers. But
what escapes scrutiny and discussion is the barrel itself. And that is
the capitalist system.
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