February 15, 2014

Mergers Like Comcast-Time Warner Are NEVER Good For Customers

When one massive corporation merges with another massive corporation, the result is never good for customers. The spinmeisters can say what they will, but these mergers are not done to benefit customers, instead they are done to service greed. This is the capitalist formula: Grow, and grow some more, and then when it seems there’s no more growth potential, do whatever you can to grow yet again. And for many very large companies, it is the merger that has allowed them to continue to appease those shareholders. Comcast CEO Brian Roberts calls this a “pro-consumer” merger. “The combination of Time Warner Cable and Comcast creates an exciting opportunity for our company, for our customers and for our shareholders,” said Roberts in a media conference call. But that is a lie, as mergers like Comcast-Time Warner do not lead to lower prices and higher competition, they lead to the exact opposite, and that is hardly “exciting” for customers. But he is right about one thing, this is exactly what the shareholders want. These mergers are not about doing right by the customer, they are about doing right by the shareholders, and that includes top executive compensation.

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January 5, 2014

The Free Market Has Spoken, And It Had Nothing To Say About Economic Inequality

One of the tenets of free market ideology is consumer choice. The idea goes like this. Empower citizens to make their own decisions and they will have greater freedom, greater prosperity, and businesses will live or die at the will of the consumer. Therefore, corporations and executives are in effect beholden to the consumer. Sounds good right? Who could be against that?

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December 3, 2013

Robust Consumer Demand Creates Jobs, And Jules From Pulp Fiction Agrees

You know what I’ve had just about enough of? Pipe dreams sold to the masses by the narcissism fueled by greed and wealth. Or in other words, I’m tired of hearing the phrase “job creators” and I’m both fatigued and annoyed every time I hear someone say the wealthy create jobs. And I’m overcome by a fierce rage when I hear yet another gutless politician say we need to give more tax breaks to companies and individuals who are already hoarding large sums of cash so that maybe, just maybe out of the kindness of their gold lined hearts they might see it fit to create a job or two. But oh yeah, then reality intrudes, and I’m reminded that they aren’t going to create those jobs if there isn’t the demand to justify those positions in the first place.

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November 19, 2013

America Needs To Break The ‘Walmart Mentality’

The “Walmart Mentality” could otherwise be referred to as “Supercapitalism,” also the name of a book by former Labor Secretary Robert Reich. It’s the idea that unrestrained capitalism leads to corruption, not only of the market economy, but also democracy. The “Walmart Mentality” is that a few people get filthy rich by squeezing the system as much as they can without breaking it. But the problem, as is always the problem with greed, is that there is never enough, so eventually something is going to break. But the few people benefiting from this scenario are usually old, and they have build up such massive wealth, they can insulate themselves from the fallout for the rest of their lives.

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August 10, 2013

Obamacare: Why Free Market Health Care Is Not The Answer

Just hours after mildly defending Obamacare, which was mostly a rebuke of Republican obsession with Obamacare repeal, I will now tell you why free market health care is not the answer. And yes, Obamcare is a capitalist solution to universal health care. Don’t get me wrong, the Affordable Care Act has great protections and benefits for people — rebates when health care insurers do not spend at least 80% on medical services, no denial of coverage for pre-existing conditions, and no more lifetime caps on health care expenditures. And tens of millions more Americans will have a chance to access more affordable health care when health care exchanges start going online next year.

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January 28, 2013

Want To Unlock Your Cell Phone? – It’s Now Illegal

Over the weekend it officially became illegal to unlock your cell phone. That means you can no longer switch carriers, at least not with subsidized cell phones, and well, at least not legally. This is yet another example of greed run amok, which is what happens when you have unfettered capitalism. We’ve allowed the rights and privileges of corporations (remember, corporations are people too!) to rise above the rights and privileges of the common citizen.

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November 24, 2012

Walmart Is The Corporate Embodiment Of America’s Growing Inequality

I have a secret to reveal. I used to regularly shop at Walmart. I live in the outer stretches of Philadelphia’s western suburbs, and Walmart happened to be the closest place to go food shopping. I was never enthusiastic about shopping at Walmart, and as my social and political views evolved, I grew even more uneasy with contributing my money to a company in opposition to my values. So nearly three years ago I stopped food shopping at Walmart, and in fact, I don’t think I’ve stepped foot inside a Walmart since then.

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