When two bombs exploded this spring near the Boston Marathon finish line, many rushed to help those who were hurt. We read about their actions with approval and admiration, but not with surprise. On some level people understand that it is human nature to try to help, even if doing so involves risk or sacrifice.
This part of human nature is largely absent in business, a world that believes almost entirely in motivation through self-interest and even in the social good of self-interest
Great corporations exist only because they are created and safeguarded by our institutions; and it is therefore our right and our duty to see that they work in harmony with these institutions.
Most Americans know corporations run the nation and long ago ceased to be good citizens. U.S. Corporations have endorsed a sociopathic stance of short term profits as their objective exclusive to all others. Profits above people is now the norm. Dr. Ralph Gomory, who contributes to this site and Dr. Richard Sylla have dismantled the U.S. corporation and even put it back together again in an essay published by American Academy of Arts & Sciences. The essay gives a historical narrative of the U.S. corporation, touching upon major historical events which shaped these business entities into the conglomerates we know today. The authors also propose solutions and describe options to channel business behavior to be more in concert with America. We need to structurally redefine and realign the U.S. Corporation.
America today is very different from the country that fought the Revolutionary War and framed the Constitution. Then, it was a nation of farmers; today, it's a nation of corporations.
Think Occupy Wall Street has dribbled to the oblivion of political history? Think again. It seems an offshoot of the OWS movement, The 99 Percent Working Group, Ltd., a non-profit, came up with the 99% Declaration and National General Assembly.
So says Buddy Roemer. Who is Buddy Roemer? He's the Republican presidential candidate getting a 100%, complete media black out and is denied a seat in the GOP Presidential debates. Why? Probably because he's challenging the bought and paid for pre-ordained corporate select fest called elections.
Trillions. Literally trillions of taxpayer money is now pouring to financial institutions. Today the Federal Reserve added $800 Billion more. The United States has now pledged $8.5 Trillion dollars to the financial crisis. To put that in perspective, one could have paid off, in their entirety, every house being foreclosed on for $320 billion dollars, the supposed root cause of the financial crisis. The entire home mortgages liabilities in the United States are $10.6 Trillion dollars
So, why is the United States pledging money worth 60% of the entire United States GDP?
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