Corporate Coup d’Etat
Corporations constitute the most powerful force in society. Their influence has seeped into our classrooms, our newsrooms, our entertainment systems, our consciousness and crucially into our politics. Big money buys access to lawmakers. For sheer arrogance perhaps Goldman Sachs, the Wall Street investment giant, takes the cake. Its CEO Lloyd Blankfein, blithely advises citizens they will have to “lower” their “expectations” when it comes to Social Security which he calls an “entitlement.” Goldman Sachs, made $5.6 billion in profits last year yet it secured tax breaks for its fancy new HQs in New York as well as tax-free bonuses for its top executives. Corporations reign supreme while most people are simply caught in the rain and are getting soaked. Because of the fiscal cliff deal the average worker this year will take home about a thousand dollars less.
Chris Hedges is an award-winning journalist who has covered wars in the Balkans, the Middle East, and Central America. He writes a weekly column for Truthdig.com and is a senior fellow at The Nation Institute. He is the author of many books including Empire of Illusion, Death of the Liberal Class, The World As It Is, and Wages of Rebellion.