The Forbes 400 Shows Why Our Nation Is Falling Apart
By Les Leopold
October 1, 2009
I emphatically agree with and applaud this post by Les Leopold on HuffingtonPost.com! We have caught a viral form of corporationism: protecting corporations "right" to earn a profit no matter what it costs society.
Would we allow a free-for-all in sports? Of course not. And every time we let the so-called brilliant financial gurus talk us into a so-called "free" market we get snookered in Ponzi schemes. (Who said the Fed is a Ponzi scheme? IMHO they are right.) Because the corporations at the top of the pecking order do not pay the costs they impose on society ("externalities" anyone?) there is no such thing as a "free" market, and we have known this even in economics theory for quite some time.
Besides, who would want a market without standard weights and measures? A market without regulation is absurd on the face of it. And we have listened to these "brilliant" idiots spouting the nonsense of "free" markets and deregulation for 30-plus years?! When it is a simple matter taught to us millennia ago, "The love of money is the root of all evil." This tragicomedy played out over the past 30-plus years leaves me wondering if I should laugh or cry ... or get mad as hell and not take it anymore.
Originally written as my comment on HuffingtonPost.com under my real name: hglindquist.
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