Friday, September 07, 2018

The "Because It's Legal" Open Thread


Counterpunch |  Well, the harsh truth about the integrity and fortitude of billionaires is finally out in the open for all to see, and the results are repugnant: Billionaires are gutless, chicken-hearted cowards. The proof is found in the pudding as several Silicon Valley billionaires purchase massive underground bunkers built in Murchison, Texas shipped to New Zealand, where the bunkers are buried in secret underground nests.

All of which begs this question: What’s with capitalism/capitalists? As soon as things turn sour, they turn south with tails between their legs and hightail it out of Dodge. However, they feast on and love steady, easy, orderly avenues (markets) to riches, but as soon as things heat up a bit, they turn tail and run.

History proves it time and again, for example, FDR rescued capitalism, literally rescued it, from certain demise by instituting social welfare programs for all of the citizens as capitalists fled and/or jumped off buildings.

Then during the 2008 financial meltdown capitalists were found curled up in the corners of rooms as all hell broke lose. Taxpayers, “Everyday Joes,” had to bail them out with $700B in public funds, and even more after that. All public funds! Taxpayers, average Americans, bailed them out!

Capitalists can’t take the heat as well as gritty American industrial workers that ended up bailing them out of the “jam of the century.” As explained by Allen Sinai chief global economist for Decision Economics, Inc, discussing Milton ‘laissez-faire’ Friedman’s free-market dogma vis a vis the 2008 economic meltdown: “The free market is not geared to take care of the casualties, because there’s no profit motive.”

The chicken-hearts from Silicon Valley already have Gulfstream G550s ($70M each) readied at a Nevada airstrip for the quickie escape journey to NZ.

Escape, from what?

Well, of course, the 99%, you silly!