They just can't bring themselves to say the word: deregulation. Zachary Roth finds the obnoxious tip of an obscene iceberg at McGraw-Hill. Or maybe the metaphor is upside down: propaganda like this aimed at kids must be the lowest dung in the proverbial hill.
Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Wednesday, March 11, 2009
Wednesday, March 4, 2009
Zombie banks, zombie cars
When the AFL-CIO gets behind nationalizing banks, you know it's past due.
Some crazy radicals have even suggested a similar strategy for the auto industry. I mean, where's that "value" for our public bucks otherwise?
But critics of nationalization have a point that 'there are no guarantees.' And Fmr-Transport Sec. Barnum's off-base: we don't need "slimmed down" corporations, just the reverse. We need an expanded, social vision for them.
It's the original idea behind corporate charters, updated. The king/parliament, then Congress, used to grant charters to corporations in order to serve a particular function, assumed to be a good (for them). What we need is control over that purpose. Social Monetary Fund, folks, I'm tellin' ya!
Some crazy radicals have even suggested a similar strategy for the auto industry. I mean, where's that "value" for our public bucks otherwise?
But critics of nationalization have a point that 'there are no guarantees.' And Fmr-Transport Sec. Barnum's off-base: we don't need "slimmed down" corporations, just the reverse. We need an expanded, social vision for them.
It's the original idea behind corporate charters, updated. The king/parliament, then Congress, used to grant charters to corporations in order to serve a particular function, assumed to be a good (for them). What we need is control over that purpose. Social Monetary Fund, folks, I'm tellin' ya!
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