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OpEdNews Op Eds    H4'ed 3/20/11

The Capitalist Follies

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The United States Navy has safely operated nuclear vessels for decades so why then our problem on land? It is the system under which they operate, military vessels worry about being combat ready while civilian nuclear plants worry only about earning a profit. Would the captain of nuclear vessel head to sea with twenty years of spent fuel rods stored in the hold? Would he sail his ship into dangerous waters needlessly and anchor it there?

The arrogance of Capitalism created the crisis at Fukushima, the panacea of nuclear power. The myth of clean, cheap and profitable, which for the electric provider might still be true because under the Capitalist system the profits go to shareholders and bills for damage or environmental clean up go to the tax payers. GE has all ready assured its shareholders that they are indemnified from damage claims under Japanese law. Imagine such a statement from a BP executive after the blow out on the oil platform in the Gulf of Mexico.

GM's bankruptcy as approved by the corporate invertebrate's administration pushed three billion dollars worth of environmental clean up liabilities from corporate ledgers to public ledgers. But it was to save jobs they cried, as the thousands lost their pensions and GM moved more production to Mexico. Ford retools one plant in the United States and two plants in Mexico. Fiat bought Chrysler for the express purpose of selling Fiat's in the United States manufactured in Mexico. GM and Ford plan to double auto production in Mexico by the end of the decade.

Capitalism isn't the cure it is the disease, it is the capitalist system that exports your jobs defunds your schools and offers you payday loans on your checking account. It was capitalists who fought against higher fuel standards just as they fought against seat belts and airbags laws. It was the raging Capitalists who called for banking deregulation and it was the same capitalists making a fortune betting against you in credit default swaps.
 
They fight against food safety standards and against tighter regulation of every thieving industry under the sun. You are a cow being fattened for slaughter, a unit of economic material to be exploited like a mound of coal or a barrel of oil. They push you under the water and then blame you for getting wet.

It is a disease that has so contaminated our government that it no longer works in the people s interest. A major television network merged with a major cable provider? Sure, why not? No conflict of interest there. The financial reform bill was compromised before the ink was dry, signed into law approved by a Treasury Department full of employees on loan from Goldman Sachs. The work of consumer protection for the people of the United States will be done in the basement of the Federal Reserve and will be handled along the lines of the King's council in Saudi Arabia. No different than putting the Nevada gaming commission in the basement of Caesar's Palace.

The ultimate insult, the rubbing of salt into the wound is that after all their crimes; their waste, their murders and mayhem the Capitalist blames you for the troubles in this country. You, who have but a few dollars while they have trillions are accused of causing the mortgage crisis. You, who have no power or influence at the bank made all of those bad loans. You, who have had your jobs exported and your incomes cut are held responsible for the federal deficit.

The issue before us is no longer whether Capitalism is preferable, the question before us is Capitalism still survivable?

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I who am I? Born at the pinnacle of American prosperity to parents raised during the last great depression. I was the youngest child of the youngest children born almost between the generations and that in fact clouds and obscures who it is that (more...)
 

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