Showing posts with label corporate greed. Show all posts
Showing posts with label corporate greed. Show all posts

Tuesday, November 26, 2013

The War on Thanksgiving

The entire country (outside of corporate boardrooms) seems to be up in arms about all the stores being open on Thanksgiving, which is traditionally a national holiday. It all started when Wal-Mart, that bastion of worker abuse, announced that they were going to beat "Black Friday" by a day, and everybody started following suit.

The lefties view it as just another example of the corporations treating workers like machines, with no time for their families. The right wing, on the other hand, has a somewhat more nuanced view: knee-jerk patriotism demands that they wail and cry about this abandonment of traditional American values, but brainwashed worship of unfettered capitalism won't allow them to criticize big corporations. So the whole situation makes them angry, but they don't know what to do about it.

The answer is fairly simple, though. If you don't like stores being open on Thanksgiving, don't shop on Thanksgiving. Tell all your friends not to shop on Thanksgiving, and explain why. Social media is an important part of this: send out the word on Facebook and Twitter, post videos on YouTube and Vine, or even post a message on Google+ (if you're particularly fond of the sound of your own voice echoing off empty walls).

You can even slant your message to match your audience. "Abusing the workers" won't resonate with the Fox News crowd, but "destruction of American values" seems to do it for them.

Protests might work, but you'd be giving up your holiday at that point, and it's a little late in the game for that anyway: you aren't going to get massive crowds to help you out. So the best way to get your message across is through your wallet - by not using it. If the profits for sales on Thanksgiving don't pay for the employees to come in that day, the corporations aren't going to do it again.

Thursday, January 19, 2012

SOPA Opera

Should the Senate bill called PIPA or the House version called SOPA emerge as the law of the land (and probably a few other lands as well) odds are you won't like it, whether you're a downloader of music or a blogger who may have borrowed a photo you found on Google or elsewhere or a user of Wikipedia or even someone who clips an article and sends it to a friend. Neither bill is there to address the concerns of the public, but rather the (you guessed it) big corporations hell bent on retaining every last crumb, every last cent of potential profit from every word or image or sound they can claim as their own in perpetuity.

In my opinion, it's gone far past any position I could call reasonable. I've given many a guffaw when nearly every image one could call art has to be blurred out when shown on television and although I'm sure an effort will be made to blame yet another corporate triumph on "the Liberals" and of course "that Obama" this "intellectual property" and "artist's rights" crusade is a trend that started twenty years ago or more. There's always a noble purpose, of course -- like protecting the interests of widows and orphans of dead artists and writers and such noble purpose often devolves into huge lawsuits like the squabble between France and Spain as to which one can be the executor of the Salvador Dali estate in the absence of any widows or offspring. I remember the difficulty of using an image of a work of art to sell it because whoever owned the rights to a long dead artist's work might sue you even though your efforts were actually supporting the price of the commodity. It's nearly always about money and lawyers, no matter what it's dressed up as.

But my disdain for monster corporations stomping all over Congress screaming "mine, mine, mine" isn't my main concern. I'm more worried about the enforcement, which seems to allow huge fines for downloading some two and a half minutes of some Cramps tune from the early 90's or, God forbid, a little night music by Mozart, but about the next increment of surveillance and the possibility of making the Internet a very, very inhospitable place for non-corporate bloggers and providers of information like Wikipedia. While people of all political persuasions dislike the idea of Big Brother watching us, perhaps too few are watching Big Brother, Inc.

People often learn from mistakes, but it seems corporations do not. Prohibition and the war on drugs and stringent gun control and the war on pornography have hurt far more than they have helped and they haven't helped very much. Draconian penalties don't reduce crime and as a great article at Bloomberg.com today points out this morning, this War on Piracy isn't likely to stop, slow down or to have any effect.
"SOPA and PIPA are just the next steps in this larger enforcement agenda. Whatever happens to them, online enforcement will remain a very slippery slope, with attendant risks of censorship, surveillance, and the loss of due process. Because nothing in SOPA or PIPA is likely to stop piracy, there will be strong pressure to keep sliding."

Individuals will be scapegoated and ruined, lawyers will buy gaudier cars and cuff links and the free flow of information we have learned to rely on will dry up while more and more ordinary citizens will be made into criminals. The inevitable failure of this new, expensive enforcement crusade will only be used as proof that we need more of it, if history is a reliable teacher, and the true danger here is that it will, and I'm certain of it, be another stepping stone to the corporate police state. These are measures the public by in large does not support, but of course the public is distracted at the moment by the Republican freak show and revival meeting -- and of course congress listens to the representatives of industry instead of representing us.

I'm old enough to remember the movie industry's attempts to block cable TV and video recorders. I'm not old enough to remember how the advent of phonograph records and later radio broadcasting would, so they said, demolish the music industry, but I do remember the push to add a tax onto VCRs to reimburse the movie studios God given right to profit. I do remember how the music industry effectively prevented Americans from owning Digital Audio Tape machines and I remember how FedEx and others insisted in adding a tax on Fax machines to stifle competition and I remember how all these things not only failed but also how in the long run some of this technology was a huge boon to industries that were terrified of them.

Face it, the Internet is terrifying to a lot of entities, many of whom don't have anything like the public interest in mind when they propose to bend it to their will or destroy it. This thing of ours has more potential for good than the printing press and the spectacle of corporations crying about too much regulation calling for the garroting of that good in the name of a guaranteed right to a profit is as disgusting as anything prompting my gag reflex these days.

Saturday, August 6, 2011

Time for an investigation

It's unfortunate that the GOP has enough power that they've neutered most consumer protection agencies in their attempts to allow rich people to continue stealing from the poor.

The question of the moment, though, is whether they can cover up fraud.

What you might have missed last week, during the debate over the debt ceiling being raised, was the trigger for a huge dip in the bond market. Someone placed a single buy of one billion dollars on the bond futures market. One of the largest single purchases in recent history, betting on the US economy getting worse and our credit rating getting downgraded.

The question that needs to be asked is, was it insider trading?
I believe what happened is a debt-ceiling deal was done in Washington and leaked to a major proprietary trader. Everyone knows the debt negotiations in Washington have been an extreme game of brinksmanship between political parties, but now someone knows how that game played out.

This had the hallmarks of one of the largest bond shops in the world knowing something the rest of the market didn't.

The number of shops or even central banks that can take on this level of market risk is extremely small.
So, who was willing to bet that, two weeks later, the US credit rating would be downgraded from AAA to AA+?

For that matter, was it somebody in Congress? Somebody who had a hand in the idiotic behavior of the GOP these past few months, which directly caused the downgrade?

For example, Eric Cantor was one of the key reasons that the budget ceiling negotiations didn't reach an agreement for so long, and when the economy took a hit like it just did, Cantor made a bundle.

(Here's a new phrase for you: "Conflict of interest." Look it up.)

After all, if insider trading is illegal on Wall Street, it seems to me that it should be illegal in Congress, too. It isn't, but it should be.

It's never going to happen. Why would a Congresscritter vote to stop making money based on the laws he's passing? Which leads to a similar question: why would Congress vote to raise taxes on the richest Americans, when the majority of them - including most of the new Teabaggers - are millionaires?

Saturday, October 9, 2010

Bad Banks and Buttheads


The sad and sorry events that conglomerate to make up The Great Recession are not remote or removed from us. They are not hypothetical or academic. They are happening to me, to you, to people we love and know and meet. This is--ultimate irony-- an illiberal and unprejudiced set of setbacks; open to all comers, the just and the unjust alike. Doesn't that make it just so impossible to grasp the rationale behind policies and pronouncements from the reactionary right?! I'm almost speechless, but only almost. A couple of personal stories and a well-earned award--just got to get these off my chest.

The first thing a young man of my distant acquaintance found in his brand new mailbox during his first orientation week at college in late '90's was an application for a credit card--Holy Magic Crap, free money! The Grail. College definitely had the shit beat out of high school. He hid the application away in a drawer under his new Abercrombie boxer shorts for a few days, pondering whether to ask his parents about it or even whether it was safe to handle.  He took it out once and filled in the information blanks, then put it away. He took it out again and signed on the bottom line; the card company only asked for his signature--could that be right?--and hid it away again. There was the fine print, the interest rate, but those numbers had no meaning yet. Finally, he queried some of the less obviously insane freshmen on his dorm hall, and heard, "Dude, you haven't sent yours in yet?! Mine's already come. My roommate got an application at a booth at orientation. Check it out!"

Friday, February 12, 2010

Tying Abortion to Corporate Personhood



Conservative Cal Thomas says of the Supreme Court decision Citizens United v Federal Election Commission: "What makes the ruling and the march ironic is that the 1973 court...downgraded a human fetus to the level of nonperson, while the modern court has invested "personhood" in corporations. Does anyone else see a contradiction or at least a moral inconsistency in these two rulings?"

Thomas is a rare conservative to admit a problem; most say it's the greatest blow for freedom since Plessy v Ferguson. Thomas is also correct to suggest the decision is judicial overreach every bit as awful as he holds Roe v Wade to be.

The very name Citizens United is Orwellian doublespeak. The ruling culminates a decades-long campaign by conservative groups like the Heritage Foundation, corporate trade associations, and assorted right-wing think tanks. It is "grounded" in the 14th Amendment, which was specifically intended to establish the rights of former slaves.

And what of these corporate "persons?" For instance, when a person sells $40 billion of toxic waste that blows up the global economy, bets on who dies first, declares an emergency to accept government help, and amasses the world's largest fortune in the process, we generally hound them to the ends of the Earth and relieve them of their accounts. Yet this comic book supervillain has a name: Goldman-Sachs. The Supreme Court has announced this psychopathic "person" has the same rights accorded to me by the Constitution. Actually, it has more rights than we do: corporations quite literally get away with murder. Blackwater, too is now a "person."

This happy state of affairs comes courtesy of a movement Thomas has abetted his entire adult life. They said, 'be afraid of Big Brother!' while endowing little brothers with unelected and unaccountable power. To this end Thomas has said much of a "right to life;" but his movement has designed a world in which that right ends at birth, leaving us all on our own against the little brothers.

I find Cal Thomas to be a contradiction, or at least a moral inconsistency.


Adding: apologies for my lack of attention here lately. I've been busy.

Saturday, December 5, 2009

Greed, Health Care Reform and the American Recovery Act

Middle America needs to get a grasp on corporate greed, and recognize it as the modern day King George. Two of President Obama’s major initiatives, Health Care Reform and the American Recovery and Reinvestment Act will fare much better if the working class skeptics see the role corporate greed plays in both issues.

Right wing media fear mongers have convinced Joe Sixpack and his buddies that their enemy in health care is the public option. They believe it will raise costs and lead to socialism, which will take away all of their money and freedom. They fail to look at the fact that their health care benefits have cost more and provided less at the hands of greedy private monopolistic insurance companies for years. Even with the threat of a public option on the table, the insurers are still unsympathetic to small businesses that would like to but cannot afford to supply their employees with decent health insurance. Greed has prompted insurance companies to favor their own profits over the services they provide to small businesses and consumers.

Similarly, polls indicate that Middle America feels the Recovery Act is failing to produce jobs, that it is costing money for no gain. Yet, there is gain; businesses are doing better. But the businesses are keeping the better for themselves. Despite the recent paths to economic recovery, employers are not willing to hire new employees. Current employees are often working longer for less in order to keep the jobs they have. The gloomy outlook in the job market is a result of reluctant employers rather than a failed stimulus package. Greed once again prompts businesses to favor their own corporate security over the well being of their employees and the people of America.

It is naïve to think we can rely on business to rescue us out of the mess they put us in to begin with. We need tea parties that put blame where blame is due: tea parties aimed at right wing legislators and their business cronies who exert their tyranny against the American public. Tell them we want a public option now, one that will reign in corporate greed in the health insurance industry. Tell them we want sanctions now against businesses and banks that have failed to use Recovery Act money to provide jobs and loans to small businesses. This is our time, our chance to legislate against corporate greed and for some financial fairness in our society. Let’s not lose it.