Easy-bake capitalism

[funeralcrasher]

1. Ring up your favorite lobbying firm and kindly give them a ride to 1600 Pennsylvania Ave (Repeat after 08 Elections)
2. Wine & dine select legislative VIPs (Repeat after 08 Elections)
3. Stir in billions of dollars of gubment handouts.

Voila! Instant debt elimination & a fresh clean start for another global corporation!

GM's path to leave Chapter 11 apparently cleared, despite a last-minute appeal from plaintiffs in an Arizona product liability case against GM involving a Chevrolet Malibu. ...Once the world's largest and most powerful automaker, GM will become a leaner and greener company, cleansed of debts and burdensome contracts that nearly dragged it into liquidation.

Free market capitalism is a lie.

Comments

[bedivere.livejournal.com]

It's so much a lie.. it all depends on what is meant by "free" :). Although, I must say after almost 3 years of living in DC, my perspective on a lot of this stuff has changed a great deal.

[pkbarbiedoll.livejournal.com]

In what way, if I may ask?

[bedivere.livejournal.com]

I suppose the biggest thing in working for and around the government, I've realized that it is all sort of.. ritualistic.. almost like a stage play, if you well. Everyone shows up, says their lines and goes home, and no one has any real incentive to change those rituals because from the lowest levels to the highest levels, there's nothing built in to the system reward excellence, to reward doing your job well. Rather, the main incentive is to preserve your place in the whole machine and take advantage of it, to the extent you can, while you can. I suppose I knew that was true on some level.. but somehow being knee-deep in it really drove the point home in a more visceral way.

[pkbarbiedoll.livejournal.com]

Well, taxpaying folk wouldn't get so much... if you divide 700 bill among all taxpaying citizens it comes out to a few thousand each. Barely enough to buy a used car much less a new one. There were better uses for the stim money no doubt.. but giving it all to corporations who already have their hand in the till is just criminal.