We have MBA economists touting unsound economic theories such as, "Darwinian economics", based on self interest and greed. We have raised such theories to a level of cult worship without regard for the logical outcomes of such pathologically flawed ideas.
Greed without restraint. Unregulated economic rape of unsuspecting consumers all in the guise of unfettered free trade and markets. The list of suspects in this collusion are legion. The radical right wing conservatives who mouth the words spun with guile meant to cloak the real effects of these so called theories.
You've heard the buzz words that hide the truth of their real malevolence: free trade, deregulation, globalization, let the market decide, privatization, outsourcing just to name a few.
In stead of plain talk they weave policies in deliberate obfuscation. Lets have a look at what they are really saying. Globalization and Outsourcing sound innocuous and justifiable after all its just seeking the lowest priced labor pool for the benefit of the corporation stockholders.
But consider what happens when it is put into practice, you or your neighbor are forced out of their job and into lower paying jobs elsewhere in the economy.
Basically you are now in wage competition with third world countries without regulation or protection for their workers, who in many cases will work for pennies an hour. Do these so called American Corporations care? No way. This is Darwinian Economics, basically they are saying, I've got mine and you can go to hell. Patriots that swear allegiance to the dollar, not to flag or country.
To add insult to injury they flood American markets with cheap products and goods produced in China. What country benefits in the exchange? Communist China. Who gets the benefit of bloated profits? The stockholders. Who gets the shaft? American workers.
But we are complicit in our own demise, we purchase these cheap products. It started in the seventies when we allowed foreign auto imports into this country. That has devastated our domestic automakers.
All of that, along with the incessant mantra of deregulation, that has given free reign to the worst aspects of human nature, has brought this house of cards crashing down. Now these "born again" regulators and reformers want us to believe that their thirty year war on the regulations that have kept us safe since the Great Depression has nothing to do with them or their amoral policies.
John McCain seems surprised and outraged that men are greedy and amoral. Which is the reason we need the government, that he has, heretofore despised, and has said "the government is problem".
Now they want us to give them a blank check for 700 billion dollars, in addition to the Fannie Mae and Freddie Mac, AIG and Bear Sterans bailouts we have already given them. Plus they don't want the American people to have any over sight, or put any limits on "the golden parachutes " of the greedy bastards that did this. In the market place if you or I as an employee screwed up we would get fired without severance or unemployment benefits(period)
Their head cheerleader John McCain a suddenly, "born again" re-regulator says he will fix what has been broken, even though he didn't have enough foresight to anticipate the consequences of his own policies that he has been pushing for the last thirty years. He said in a moment of absolute honesty, that he doesn't understand economics very well. That makes John McCain unfit to lead this country.