Tuesday, March 18, 2008


We all know about the famed welfare queens, but they are nothing compared to the kings of welfare, US corporations. In today's Washington Post E. J. Dionne Jr. has this to say.

Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy.

The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulated regime for which they lobbied so hard.

He is right.

We seem to have forgotten something basic about capitalism.

It is the responsibility of every business to make as much money as they can, by any means they can. It is the job of government to place and enforce limits on how business operate. Currently, we remove restrictions and then fail to enforce the few rules that do exist, then when a failure occurs, we bail them out.

Corporate lobbyist and republican politics have created some mutant form of capitalism that rewards incompetence and punishes workers.


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