While the work force was decimated those giant corporations, with the aid of the U.S. government, made out like bandits. When many of them whose reserves were below acceptable levels got into trouble and cried out for help, the Congress and the White House bailed them out, giving them generous loans with no conditions attached. These mega-corporations recovered and regained their profitability. And during the process none of them were brought to justice for financial crimes committed; their financial sins were forgiven.
At this point, most Americans are painfully aware of the depth of America's problems; they see a declining economy, a lack of jobs, more foreclosures on the way, a badly deteriorating education system, and a host of other problems; what they don't see is our government and our business sector doing anything of substance to solve them. That's because this consortium of corporatists is following an entirely different agenda, one that is designed to generate massive profits, not to solve problems.
How did the corporate world manage to acquire so much power and control over this government? How was that allowed to happen in this democracy?
While corporations were outsourcing jobs and manipulating mortgages they were also very active behind the scenes aggressively enlisting members of Congress to their cause. A lack of effective campaign finance laws allowed them to use their money, power and influence to gain control over a large portion of the members of both the House and the Senate. These shameless, pathetic political prostitutes were hooked, line and sinker, and did as they were told.
If our government were free of Corporatism's stranglehold, it could use Germany as the model for reinvigorating America's economy. Germany's manufacturing sector is strong; while U.S. manufacturing represents about 12% of GDP; Germany's is approaching 25%. Germany has established a partnership of trust between management and unions, it has kept intact a highly-motivated and skilled workforce; it uses a system of effective tariffs to protect its industries and, as a result, its manufacturing exports are growing. It is expanding its manufacturing sector, not destroying it.
On the other hand the U.S. does none of these things; it has taken the opposite direction that has had a massive detrimental effect on this country's ability to export. America, unlike Germany, has abandoned its workers, closed thousands upon thousands of plants and has done terrible damage to the critically important foundations of this nation. Corporatism is a morbid disease that has infected the body of America and continues to spread.
These corporate masters know that to achieve their objectives and maintain control of this Congress they have to continue to pour mega millions into the nation's elections so that their congressional lackeys will be reelected and politicians who dare to oppose their agenda will be taken down. The 2012 national elections could be the point at which our democracy and the government of the people are totally overwhelmed by the raw power of Corporatism.
Here is the dilemma that the people of America face. Currently there seems to be no way that these corporatists can be stopped. They have every intention of maximizing their profits by utilizing foreign slave labor and fighting any attempts by any element of this government to create American jobs. They further intend to use monumental amounts of corporate money to control these elections. And as they pursue this agenda the dangers to our democracy grow exponentially.