Author Joan Francis - Off the Printed Page

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Apr 29
2011

CORPORATOCRACY RULES # 10

Posted by Joan Francis in Wall Street

Wall Street is not a financial institution, it’s a craps shoot and at the end of the day all that matters is did you win.

Apr 29
2011

CORPORATOCRACY RULES #9

Posted by Joan Francis in Regulation

Cut the Regulators budget. If they can’t enforce the law, it’s not illegal.

Apr 27
2011

CORPORATOCRACY RULES # 8

Posted by Joan Francis in Public Purpose , Private Interest

In Government, Public Purpose is only for the weak, the stupid and the lazy. Private Interests are for the individualist, the self-sufficient, the smart and powerful.

Apr 27
2011

CORPORATOCRACY RULES # 7

Posted by Joan Francis in Ruthlessnes , Freedom , Democracy

The people must not see financial ruthlessness as evil or illegal. Taking whatever you have the power to take must be characterized as Freedom and Democracy.

Apr 26
2011

CORPORATOCRACY RULES # 6

Posted by Joan Francis in Piracy , Freedom , Corporatocracy Rules

The people must not see Piracy as evil or even illegal. It is Freedom - the freedom to take whatever you have the power to take.

Apr 26
2011

CORPORATOCRACY RULES # G - THE GOLDEN RULE

Posted by Joan Francis in Golden Rule , Corporatocracy Rules

He who has the gold makes the rules.

Apr 25
2011

WHO'S WEALTH

Posted by Joan Francis in Wealth Redistribution , Wealth Creation , Wall Street Wealth , American Production

Since the early 1900s the real ideological debate has been between those who believe in a government that promotes individual Wealth Creation and a government that encourages Wealth Redistribution.

The greatest argument for Wealth Creation has been that it leads to Production which enriches life for everyone.

The greatest argument for Wealth Redistribution has been that improved education and financial welfare of all people creates a wealthier, more democratic nation with an overall superior life style.

The period of 1930 to 1970 was one dominated by the Wealth Redistibutionist. It produced the greatest growth in the middle class, the greatest increase in higher education, the greatest increase of home ownership, the highest standard of living, lowest number of poor, and the greatest expansion of American production in the history of our nation. The 1950s and 1960s became known as the "Happy Days" when every child could be certain he would attain greater success than his parent.

The period of 1980 to the present has been dominated by the Wealth Creationist. Wealth was created during this period---private Wall Street wealth for the few---who chose not to Produce anything tangible. Like a pirate crew, the Wealth Creationist boarded our ship of state, forcing changes in regulations of the past and making white collar theft and piracy legal. Rather than creating American Products and American Jobs, they stole billions of dollars worth of real production through corporate take-overs. They shredded the companies, then turned the profit into their own tax sheltered wealth. Fortunes where made by slight of hand "deals" selling mortgage backed securities out of one hand and buying insurance against their anticipated failure with the other hand. Wealth was made by corporate raiders, inside traders, and junk bond sales, but not by Producers. This "Wealth Creation" has produced massive job loss, decreased American production, desolation among a growing number of poor, decreased higher education, increased homelessness, and has created disillusionment and reduction of the middle class.

 

Which result do you think is in your own best interest? The development of a strong middle class in the 1950s and 1960s, or the development of a greedy upper class that moves its wealth overseas in the 1980s and 1990s?

 

 

 

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