Web Letters | The Nation

Web Letter

Capitalist USA--big enriching itself upon misery of small.

A capitalist government is one that allows a big farm to get discounts buying big, to drive small farms out of business by selling at below cost, and then to so inflate the cost of food that the laboring class must cut back on healthcare, education and other essentials, and the poor suffer hunger.

In Selma for three generations K-Mart and Wal-Mart were about equal in size and each had 150 employees. Then these two marketing giants decided to not compete against each other, and to build super-stores a town apart from one another. The result for Selma was a loss of 100 jobs, Mal-Mart--the only department store in town--and a dozen small stores forced into bankruptcy.

Our capitalist president, for example, has given big bailouts to big banks so they can buy medium-size banks, and at a time when a record number of small banks are going bankrupt. Big GM, for example, is given funds sufficient to make it, while Chrysler is ordered to merge or be broken up. And instead of giving auto parts factories the $13 billion they asked for, only $5 billion is given, forcing the weaker, smaller ones to merge or close down. Why, for all we know, those in power want high unemployment, so multinationals can have cheap labor.

A better way: break up the biggest banks, the very ones who created and now hold most of the toxic assets, and give their share of the market to the smallest banks.

For allowing foreign car giants like Toyota and Honda to come in here and drive our beloved Pontiac out of business, surely this is allowing multinationals to enrich themselves on the misery of our economy.

Germany had a social democracy most excellent, then Hitler destroyed the unions, sold to the rich all state-owned things like electric plants and created a fascist capitalist economy. And an economy identical to fascist capitalist USA.

Competition creates poverty, it always has and always will--for the ultimate conclusion of competition is a monopoly that makes it impossible for there to be competition. So the choice is ours: to continue enriching ourselves on the misery of us individually, or to be enriched on the enrichment of us all.

John Ellis

Plantersville, AL

Apr 29 2009 - 5:17pm

Before commenting, please read our Community Guidelines.