Most Popular Choices
Share on Facebook 25 Printer Friendly Page More Sharing
OpEdNews Op Eds   

Business Sense

By Mumia Abu-Jamal  Posted by Hans Bennett (about the submitter)       (Page 1 of 1 pages)   No comments
Message Hans Bennett
Listen to the Radio-Essay Here
[col. writ. 7/20/08] (c) '08 Mumia Abu-Jamal
If there is an overarching ideology at work in America today, it's the ubiquity of the market.
On TV, stars shred every last fig-leaf of privacy to sell alleged 'reality.'
Everyday folks join the shows in a realm of entertainment that might best be called "Indignity for Dollars."
Politicians and press people are virtually for hire to the biggest corporate bidder.
Thus politics and media news outlets become multi-billion dollar industries. Moreover, they become industries that feed on each other, as politicians buy millions of dollars worth of commercials, and of course, TV and cable outlets make big bucks by selling ads.
Meanwhile, the everyday economy -- of food, fuel, housing and education -- goes from bad to worse.To the average network anchor who pulls in millions per year in fees, this is decidedly under the radar. His (or her) job is to protect the status quo.
From this convergence we get the present political structure, where accepted political debate is that which doesn't ruffle the feathers of Wall Street or the corporate elite.
When's the last time you've seen or read (in the corporate media) about the sub-prime lending debacle as a crime -- as truly the most premeditated of crimes designed to steal the wealth of millions? Not lately, I'd bet.
It's a straight news story, no 'B' roll (or background video).
It's usually an anchor reading a script, dry as day-old bread.
Because it happens primarily to people who are Black and Latino, it's not a news leader nor headliner, even though it represents the biggest loss of Black wealth in history.
According to the group United for a Fair Economy, such people lost between $164 and $213 billion dollars.
If it weren't so tragic, it would remind one of the silly character
popularized by comedian Mike Myers in his Austin Powers movies -- the nefarious Dr. Evil. (y'know -'$213 billion dollars!') But this is no joke.
It is the root of the current foreclosure crisis, which in turn has sent the Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation),the federally insured mortgage assistance agencies to the brink of bankruptcy.How does the government respond to this crisis? It has thrown a life preserver to the agencies (and through them the banks and traders who hustled the sub-primes), and turned its back on the people who got swindled.Typical.
What we are seeing is the perverse logic of the market, or in a tighter phrase, 'business sense.'
Anything goes to get money, and if you fail, don't worry, for the fake free traders in government will bail you out, but only if you're big enough.
--(c) '08 maj
Rate It | View Ratings

Hans Bennett Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Hans Bennett is a multi-media journalist mostly focusing on the movement to free Mumia Abu-Jamal and all political prisoners. An archive of his work is available at and he is also co-founder of "Journalists for Mumia," (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact EditorContact Editor
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author) An interview with Rob Kall

Organizing to Abolish the Prison-Industrial Complex

AUDIO & PRESS RELEASE: New Mumia Crime Scene Photos Unveiled for First Time in the US!

The Assassination of Fred Hampton -- a Book Review

To View Comments or Join the Conversation:

Tell A Friend