Sunday, May 27, 2012

Corny Economics

[A grayscale drawing of a scene with two items: a bushel of corn and a packing crate full of harmonicas.]

Sometimes we get so mired in the thick of things that we lose track of where we began and what we were about. I think economics is a lot like that. We’re all affected by it. We all have opinions. And yet we’re told it’s a vast topic about which we can have no opinion. It’s too big and complicated for us to understand if we haven’t studied it. I’m not sure I agree.

I want to begin by speaking in very blurry terms to reset the conversation. I think many of us have a problem of not being able to see the forest for the trees. So I want to zoom out to where the detailed view no longer holds us captive. Let’s talk in very broad brush strokes for now.

OK, so having zoomed our view of the Earth out to a resolution befitting an astronaut, let’s click the “Economic View” icon in the upper right corner, and see what the world looks like. I’ll interpret for you, since you may not be familiar with this view and I don’t have a handy screen image.

From this view, I see only two things: People and corn. That’s all there is in the world.

“Corn?” I hear someone in the audience asking “Why corn?”

I’ve chosen corn to metaphorically represent what we need to survive.

“What about beef? We’re not all vegetarians,” some of you are asking.

For the purposes of our conversation today, beef is a kind of corn. We’re too high up to care about the kind of detail that would distinguish beef from corn.

“Health care? Housing?”

It’s all just corn. From here, corn is enough. From here, corn represents everything we need to live.

“We must be awfully high up to think that. But it’s OK. At this altitude, I think the thinning corn is making me light-headed and it’s starting to make sense.”

Great. Now back to economics.

The first and most obvious observation is that there is either enough corn in the world, or there is not. If there is not, we have a serious problem. That would mean we are beyond the carrying capacity of the Earth.

“So that’s your model of the world? That all people do is make corn?”

Thanks for reminding me. Of course that’s silly. They also make harmonicas. Did I forget to mention that? People, corn, and harmonicas.

“I don’t know anyone that owns a harmonica.”

Well, I do. But it doesn’t matter. Harmonicas, iPods—same thing. [A grayscale drawing of a scene with two items: a bushel of corn and a packing crate full of harmonicas.] From our vantage here, anything we make that we don’t need looks to me like a harmonica.

“Why harmonicas?”

They’re a way to pass the time between growing and eating corn. I divide life into essentials and leisure. After all, it takes only a fraction of the population to grow the corn we need. The rest of us just make—or use—harmonicas.

“Sounds like some of us are more necessary than others.”

Now you’re seeing my point. At the highest level, the problems are simpler. We don’t need everyone to grow corn because a few people can make enough for everyone. We’re an affluent species. We could just grow the corn and distribute it out and there’d be plenty for everyone.

“That would mean some wouldn’t have to work.”

Right. And that would drive some others crazy from an equity standpoint.

“So how do we solve that?”

We ask them to make harmonicas.

“But that won’t feed anyone.”

No one needed to be fed. There was already enough. Making harmonicas doesn’t make us more able to feed people, it just soothes our primitive emotions, making it seem that people aren’t getting something for nothing. If they make harmonicas, we tell them they’re entitled to food. No harmonica, no food.

“That seems a bit harsh. And does the world really need that many harmonicas?”

Well, that’s what got me thinking. I have a friend who knows someone named Joe who’s living on welfare. She thinks Joe should get a job. I started to wonder if that was really true.

I imagined Joe getting a job making drink umbrellas.

“Drink umbrellas?”

They’re a kind of harmonica. But don’t interrupt.

Mind you, as with all harmonicas, the world doesn’t really need drink umbrellas. They offer very little value, they mostly just go straight into the trash, and they add to landfill. Plus Joe will burn corn getting to and from work so that he can make this product that adds to the landfill. And someone will have to drive the product to market so that someone else can drive to the store and buy it. All of these activities threaten the corn supply. On net, I’d say, they make us poorer.

Or it might be no one even wants drink umbrellas. We might need additional people to work at a marketing firm in order to figure out how to get people to buy them anyway. Those people would have to expend fuel driving to and from work. They need heat or air conditioning while at the office. They need an internet connection. Expense is layered upon expense just to get society to create and tolerate things we don’t need. And why? Because without all this expense, we wouldn’t feel good giving Joe some corn for free.

I’m not sure any of that makes good sense. None of it will make us more able to feed Joe. It will only make us more willing to feed him.

We don’t end up caring whether the job Joe takes burns more resources to earn the corn than he would burn if we just gave him the corn. In fact, we don’t account carefully for the resources used by our society at all. We take it on faith that resources are being used well because we imagine that when everyone makes purchases that each individually make sense, the entire system will somehow, magically also make sense. But what if that’s wrong? What if there is no such emergent effect? What if being down and dirty in the details obscures our chance to create any global coherence?

We created money so we could keep track of traded value, but somehow things have gone awry. I’m not advocating an end of money, but I am advocating a hard look at the assumptions we make about its effect and about the goodness of the things it buys. I’d like an end to the blind trust in money, as it were.

There may indeed be things we could be doing in our society to make the world better, but merely looking at where there’s money to be made might not answer that. We have erected a consumer-driven society in which we incentivize the making of things. But I suspect we will not have a sustainable society until we start to incentivize the “not making” of things we don’t need.

Maybe there are other ways people can provide value, maybe not. But if there can be such gigantic questions of what’s the right thing to do in the world, can we at least agree to feed everyone in the meantime while we sort it out? And by feed, I really mean feed, clothe, house, and take care of them. I think we’d be able to do it. I think so because I think we could do it if people would just make more harmonicas.

If we’re prepared to do something important if only our people do some utterly irrelevant act, I think we’re prepared to do it regardless. Why not dispense with all the corny excuses and finally just do it.


This article has a sequel/companion, published in 2020:
The Two Economies.


Author's Note: Originally published May 27, 2012 at Open Salon, where I wrote under my own name, Kent Pitman.

The graphic was added in June, 2025. The initial design was created as two separate images with the help of abacus.ai using Claud Opus 4 and Seedream. Neither was exactly right, so I had to manually fuse them and do other post-processing manually using Gimp.

Tags (from Open Salon): place to live, housing, house, home, healthcare, health care, health, drink umbrellas, drink umbrella, blind trust, trust, obfuscation, excuses, excuse, extra, surplus, leisure, luxuries, luxury, non-essentials, essentials, essential, wants, needs, housing, shelter, clothing, clothes, clothe, food, feed, harmonicas, corny economics, economics, corn, corny, politics

Tuesday, February 14, 2012

Forgive Me


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This was a valentire I made for my wife in 2012.

Originally published February 14, 2012 at Open Salon, where I wrote under my own name, Kent Pitman.

Tags (from Open Salon): poem, poetry, art, valentine's day, valentine, card, commercialism, 800, eight hundred, florists, eflorists, flowers, love, committed, commitment, life, friendship, friend, celebrate, celebration, bauble, ardor, passion, i love you, circumscribe, circumscribed, circumscribing, circumscription, heart, negative, inverse, inverted, negative space, empty space

Sunday, January 22, 2012

Losing the War in a Quiet Room

The Occupy Wall Street (OWS) movement has seemed to tap into a deep-rooted sense discontent in the American populace over how capitalism has gone wrong. Criticism has not come just from the Left, but also from the right, as recently discussed on the excellent new MSNBC show Up with Chris Hayes:

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Visit msnbc.com for breaking news, world news, and news about the economy

The discussion begins with a quote from Newt Gingrich asking “Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money, or is that somehow a little bit of a flawed system?” To which Chris Hayes cheerfully responds, “Well, yes, Newt it is.” The discussion that follows is typical of the many thoughtful exchanges that make this show such an absolute “must watch.”

Early in the discussion, Prof. Anne-Marie Slaughter of Princeton University, asks “What’s the opposite of ‘predatory capitalism’?” and chuckles about whether that means a kind of “kinder, gentler capitalism.” Alexis McGill Johnson of the American Values Institute frames the issue as a sort of nostalgia for something lost, and David Roberts of Grist opines that “democratic nostalgia is for a set of laws and regulations that used to restrain capitalism; the republican nostalgia seems to be for nicer corporate titans, to an era of public-spirited rich people.” Vincent Warren of the Center for Constitutional Rights, questions whether the system has adequate benefit for workers, noting that the only thing workers get out of capitalism is jobs, but they don’t get economic benefits or any control of the direction companies take.

It all begs the question: What changed?

My immediate thought on that question came from having listened to the book The Betrayal of American Prosperity by Clyde Prestowitz. In the book, Prestowitz offers the following account that struck me as simply extraordinary:

Excerpt from pages 198-199 of
The Betrayal of American Prosperity by Clyde Prestowitz

THE HARVARD BUSINESS SCHOOL CREED

At the founding of Harvard Business School in 1908, Dean Edwin Gay said the purpose of the school was to teach business leaders how to “make a decent profit by doing decent business.” That was McCabe’s creed and what thousands of future business leaders learned at Harvard for many years. But in 1970, the University of Chicago’s Milton Friedman sounded a different note. Said he, “Few trends could so much undermine our free society as the acceptance by corporate executives of social responsibility other than to make as much money for shareholders as possible.” This tune was quickly picked up and elaborated by Harvard’s professors and especially by Michael Jensen, who became the dominant American voice on corporate architecture and the proper role of a board of directors and a CEO.

In a hugely influential 1976 paper and subsequently, Jensen propagated Friedman’s doctrine of shareholder sovereignty and of increased returns to shareholders as the sole purpose of the CEO. His argument was grounded in the view that the shareholder is the corporation’s final risk bearer and therefore also its final claimant. He added the notion that, as agents of shareholders, the corporation’s managers do not necessarily share the interests of the shareholders. Indeed, the managers and the shareholders may be at war because the way for the CEO to maximize his/her private gain may be at odds with maximizing shareholder gains. For instance, a CEO may like corporate jets or want to be part of the society scene, but the costs of such indulgence may be a burden to shareholders. Thus, the central problem is how to align the interests of managers and shareholders and to establish a monitoring mechanism that easily indicates whether the managers are acting properly on behalf of shareholders.

Jensen’s solution was to grant gobs of stock options to CEOs to evaluate their job performance by focusing on the progression of quarterly earnings. This is a single, readily available, objective number upon which a CEO can concentrate all her attention and which the shareholder can readily use to determine whether a CEO is working for him. Jensen emphatically rejected stakeholder theories on the grounds that giving a CEO multiple objectives would be confusing, distracting, and make it impossible in the end to measure performance.

In effect, Prestowitz is noting that this is a recurrence of the old joke

“If you dropped your keys over there,
   why are you looking here?”

“Because the light is better here.”

If I’m hearing him right, Prestowitz is making the bold claim that the reason we stopped caring about people other than shareholders was it was just too messy to do the accounting of worrying about other stakeholders, such as employees, customers, and community. It was administratively simpler and cleaner to only worry about stockholders, and so one day business just quietly decided to do that instead.

Or that was the stated rationale, anyway. Let’s not overlook the outside chance that those pushing for this change fancied themselves the potential later recipients of “gobs of stock options” as CEO of some company operating under the newly proposed rules. No point in mentioning that rationale out loud during the debate when they could stick to the altruistic-sounding story of how this focus on clarity of measurement would just be good for business. “Let's give them gobs of stock” sounds so much more business-like and less self-indulgent than “Let's give ourselves gobs of stock.”

Imagine if we took that “clarity” approach toward our justice system, saying it was too hard to measure justice so why not just measure, let’s say, cost? That wouldn’t fix old-fashioned Justice but it would create a form of NeoJustice that was so much easier to measure, allowing us to be sure we were being successful at it. But to what end?

Really that’s what happened, too. Not with criminal justice but with economic justice. We just let it go, without even knowing it. Without any real notice to or approval by the large community of American citizens affected by the change, American Business just quite literally stopped caring. It’s pretty obvious, at least to me, that this timeline Prestowitz mentions dovetails precisely with the downfall of American society so evident all around us.

A war was fought in a “quiet room” somewhere, without anyone firing a shot, and we’re now living in the aftermath of our unwitting capitulation. No wonder we’re confused about how we got here.


Possible Follow-up Actions

Putting things to right could begin by undoing the Supreme Court ruling in Citizens United, and eliminating from the law any notion of corporate personhood. Senator Bernie Sanders is pushing for a Constitutional amendment doing so. You can sign his petition supporting this amendment.

Another concrete action is to learn about stakeholder theory and start to ask questions about why it’s there and whether we could change it. It was changed before, and it seems to me it could change again. I don’t know the process by which that would happen. But I think it needs to.

Further Reading

The Betrayal of American Prosperity by Clyde Prestowitz covers additional issues, particularly those of US trade policy, in addition to the matters I’ve discussed here. In some ways, this was just a peripheral aspect of his main point. But it’s an excellent book either way and I very much recommend it. I listened to it as an audiobook from audible.com.

A basic overview of some of these issues can be obtained from Wikipedia articles titled “Stakeholder (corporate)” and “stakeholder theory.”

I also highly recommend Naomi Klein’s excellent book The Shock Doctrine: The Rise of Disaster Capitalism, in which Milton Friedman and the Chicago School (a.k.a. the “Chicago Boys”) play a critical role. I listened to it as an audiobook from audible.com.

And, finally, these other articles by me could shed additional light in why this all matters:

 


Author's Note: Originally published January 22, 2012 at Open Salon, where I wrote under my own name, Kent Pitman.

Tags (from Open Salon): ows, wall street, occupy wall street, occupy, legal sociopath, naomi klein, shock doctrine, clyde prestowitz, betrayal of american prosperity, constitutional amendment, amendment, constitution, citizens united, sanders, michael jensen, harvard business school creed, creed, harvard business school, harvard, nostalgia, romney, newt gingrich, gingrich, newt, chris l hayes, christopher l hayes, christopher hayes, chris hayes, grist, david roberts, princeton, anne-marie slaughter, american values institute, alexis mcgill johnson, center for constitutional rights, vincent warren, up with chris hayes, chicago boys, chicago school, milton friedman, friedman, shareholder model, stakeholder model, shareholder theory, stakeholder theory, shareholder, stakeholder, quiet war, quiet room, economic justice, justice, war, fiduciary responsibility, fiduciary duty, corporate, corporation, finance, economics, business, politics, lose, losing, lost, society, war in a quiet room

Thursday, January 12, 2012

On Twitter


Author's Note: If you got value from this post, please “Share” it.

Originally published January 12, 2012 on Twitter, as part of my background image, not a tweet. I am @KentPitman there if you'd like to follow me.

The title, added later, is a pun. The haiku is both a comment on Twitter, and a celebration of my arrival on Twitter.

I've since come to believe that expressing ideas in such a short space, what some people call micro-blogging, is a legitimate art form. Nonetheless, I still think the hashtags intrude. Their use is pragmatic, not aesthetic. —kmp 18-Jan-2016

Wednesday, August 10, 2011

Enough

A lot of the discussions we have about what's fair to tax seem to refer to questions of how people should “share the pain.” I don't like the way that discussion usually goes, but not because I don't think people should share pain. I just question the definition of “pain” that seems to get used.

And I should say at the outset that frequently when this discussion of alleged pain sharing comes up, a flat tax gets suggested as well. For some reason this is often asserted to be more fair. I don't think it is. But I'm going to assume a flat tax for presentation purposes here because a lot of people don't seem to understand how to visualize our present progressive tax system. Doing so won't affect any of the points I have to make.

Let's begin by looking at how this sharing of the pain is supposed to work. We'll imagine three different incomes of different sizes. We'll assume everyone is paying a proportional amount of their income. 15% is often suggested as an ideal flat tax. But it made my picture hard to annotate. So I'm going to use 30%. Again, it won't affect my point.

So here are some typical incomes. The green indicates the take-home that you have, and the gray is tax taken out. The longer bars are people making more income. The shorter bar is someone making less income. But it's all proportional, so it's all fair—right? Well, we'll come back to that.

[Image of three bar graphs, showing small, medium, and large incomes. In each case, 70% of the graph is green and 30% is gray.]

Now the discussion is about the current suggestion that we take out more tax on people who have very high incomes. That would look like this:

[Image of three bar graphs, showing small, medium, and large incomes. In the small and medium case, 70% of the graph is green and 30% is gray. In the large income case, the bar is broken into three parts: 60% green untaxed money, 10% red specially taxed money, and 30% gray taxed money like the other income classes.]

The argument is made by those who might stand to lose that they're already paying a huge amount of tax. And now we want more. Oh woe is them. Look at that giant red bite. In fact, look hard at it. Focus on it. Be hypnotized by it. Especially don't look at the green part to the left of it because if you look there, you might not feel like the person who's complaining is hurting so much. Just look to the red.

Actually, that's not the real argument I want to make. But it is one thing that should already have you thinking “Maybe proportionality isn't all there is to this picture.” Those pushing proportionality would be happier with this picture because they like the idea of shared pain:

[Image of three bar graphs, showing small, medium, and large incomes. Now for each income group, 60% is untouched, and two blocks of tax, one red 10% and one gray 30% are shown, though really it's just one 40% tax at this point. The coloration separation between red and gray in this picture is just to make a parallel with earlier pictures.]

There's another concept I want to introduce at this point. I'm going to call it the concept of “enough.” We can have a discussion later about what that line is. But wherever it is, the line of “enough” is what I want to define as the line where people can reasonably live. It supports sentences like “I don't have enough.” or “You have more than enough.” It looks like this:

[In this image, which reverts to a 70% untaxed and 30% taxed mode, a dotted line cuts through the picture and is labeled 'enough'. For the large and medium incomes, the line where someone has 'enough' crosses in the green area, as if to say even the untaxed amount reaches a point of having enough. But for the small income, the dotted line crosses through the taxed part, as if to say, some of the money that was taken away in taxes was needed just to have enough to live.]

Right away, you notice that some people might not make enough. In this chart, everyone makes enough before taxes, but after existing taxes, one person is already hurting. I've marked that in red. And that's with the proportional tax. They had just barely enough, but merely asking them to participate in taxes meant they didn't have enough after all. I don't think people who make exactly enough or less than enough should have to pay taxes. It's a sham. If they're really not making enough, someone will have to help them—either another person or the government. Why take money away just to give it back? Unless people are making enough, there's no real money to take.

And if we want to add more tax, is that increasing the pain? Well, sure, for those who are not making enough. Because they're the ones whose needs are being cut into. Above the line of enough, I don't think it's fair to say you're experiencing pain in the first place, and unless the increase in tax causes you to cross the enough line, I don't think you get to complain about increased pain—or pain at all.

[Similar to the previous image, but a 70% untaxed amount has been decreased to 60%, so an extra 10% tax is shown. For medium and large income groups, this extra ten percent still falls beyond the line marked 'enough' but for the smaller income, it just cuts more deeply into what is already not enough.]

And this is the thing. Incomes scale but needs really don't. Oh, sure, we can all get used to having really big houses, vacation homes, jets, really nice clothes, etc. I think it's great to have things like that. But when you get to the point of not just having them but not knowing how you'd live without them, and not being willing to sacrifice some of that for the sake of others who are truly needy, you're pushing a line with me. Certainly, at minimum, if you claim to be experiencing pain because you don't receive money at quite the lavish level you've been used to receiving it, you've lost all touch. It's time to be reminded that you're behaving like a spoiled child and to be told that you should be ashamed.

Proportionality doesn't work without exemptions for the low end. That's why we have a progressive tax system.

And sharing the pain equally is meaningless because we're not all in pain. If you're making enough, at least have the courtesy to acknowledge the fact. You're not showing yourself in a flattering light when you behave like you're hurting if you're not. The world has bigger problems than your imagined pain.

Enough of that.


Author's Note: If you got value from this post, please “Share” it.

Originally published August 10, 2011 at Open Salon, where I wrote under my own name, Kent Pitman.

This post was an Open Salon “Editor’s Pick”.

Past Articles by me on Related Topics
Tax Policy and the Dewey Decimal System
Redistributing Burden

Tags (from Open Salon): politics, fair tax, proportional tax, shame, ashamed, hurting, pain, share the pain, sharing the pain, proportional, proportionality, enough, not enough, more than enough, surplus, need, needs, want, wants, taxation

Saturday, July 30, 2011

The Tao of AutoCorrectivity

This was written for RomanticPoetess...


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Originally published July 30, 2011 at Open Salon, where I wrote under my own name, Kent Pitman.

Tags (from Open Salon): microsoft, microsoft word, ms word, ms/word, word, technology, helpful, spell, spelling, spelling correction, spell check, spell checker, grammar, grammar check, grammar checker, grammar checking, word choice, override, overriding, fix, fixing, check, checker, checking, autocorrect, auto correct, auto-correct, autocorrectivity

Wednesday, July 27, 2011

Sociopaths by Proxy

The Center for Media and Democracy (CMD) recently ran an exposé about American Legislative Exchange Council (ALEC), a back room coalition of Republican legislators who meet to create “model” legislation which can then be pushed on a state-by-state basis in coordinated fashion. In an open letter, the CMD’s executive director, Lisa Graves, writes:

At an extravagant hotel gilded just before the Great Depression, corporate executives from the tobacco giant R.J. Reynolds, State Farm Insurance, and other corporations were joined by their "task force" co-chairs -- all Republican state legislators -- to approve "model" legislation. They jointly head task forces of what is called the "American Legislative Exchange Council" (ALEC).

There, as the Center for Media and Democracy has learned, these corporate-politician committees secretly voted on bills to rewrite numerous state laws. According to the documents we have posted to ALEC Exposed, corporations vote as equals with elected politicians on these bills. These task forces target legal rules that reach into almost every area of American life: worker and consumer rights, education, the rights of Americans injured or killed by corporations, taxes, health care, immigration, and the quality of the air we breathe and the water we drink.

It is a worrisome marriage of corporations and politicians, which seems to normalize a kind of corruption of the legislative process -- of the democratic process--in a nation of free people where the government is supposed to be of, by, and for the people, not the corporations.

The full sweep of the bills and their implications for America's future, the corporate voting, and the extent of the corporate subsidy of ALEC's legislation laundering all raise substantial questions. These questions should concern all Americans. They go to the heart of the health of our democracy and the direction of our country. When politicians -- no matter their party -- put corporate profits above the real needs of the people who elected them, something has gone very awry.

. . . ALEC apparently ignores Smith's caution that bills and regulations from business must be viewed with the deepest skepticism. In his book, "Wealth of Nations," Smith urged that any law proposed by businessmen "ought always to be listened to with great precaution . . . It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it."

One need not look far in the ALEC bills to find reasons to be deeply concerned and skeptical. Take a look for yourself.

In my article Fiduciary Duty vs. The Three Laws of Robotics, I took the position that not only are corporations legal people, but in fact they are “legal sociopaths.” That is, they are by fixed nature incapable of caring about their employees, their customers, or their community except insofar as such caring accidentally maximizes value of the corporation for its stockholders.

I've also argued in the past, as in my 2008 article Election Stratego, that the Republican party is trending toward running strategic configurations of players, who are really just game pieces for other entities coordinating matters behind the scenes. Others have referred to this same phenomenon by talking about puppet governments, shadow governments, or plutocracies. Once the stuff of conspiracy theorists, recent reports and analyses seem to increasingly suggest that the practice of corporations purchasing legislation is becoming a reality. ALEC is only the most recent example. There's the influence of the Family, the Koch Brothers, and Grover Norquist, and other people and corporations with seemingly disproportionate interest and power in modern politics.

The Citizens United ruling by the Supreme Court has seemed not only to legitimize these activities, but to ignite a fire in them. They can now operate much more in the open than before. Events we've seen in Wisconsin and in Michigan are just a few prominent examples of increasingly organized attempts that are going on nationwide that seem single-mindedly bent on bringing American workers to their collective knees.

In her recent article Obama fights full-tilt Tea Party crazy, Joan Walsh suggested “the president is dealing with a conscience-free opposition.” Reading this, something clicked in my mind that connected up this notion I have of corporations as sociopaths, and I realized the cancer has spread, so now due to this effect of politicians being bought off by corporations, we not only have corporations acting as sociopaths, but we have politicians hell bent on doing the bidding of these corporations. And if the corporations are, as I've argued, sociopaths, then these all-too-willing servants of the corporations are almost literally “sociopaths by proxy.”

And this is especially bad because government is really the only entity that exists as a counterweight to the forces of business. Government regulation is, by design, capable of regulating industry in order to assure the general welfare. Yet if these businesses are by nature singularly interested in their stockholders' needs and in general obliged not to care the concerns of other stakeholders (such as their customers, their employees, or the communities in which the corporation resides and operates), then who is to look out for the individual? A single individual is often too small to stand up to a corporation in any test of wills. And with legislative action afoot to systematically dismantle and disempower labor unions and to reduce or eliminate the ability to bring class action, good old-fashioned government regulation is the last line of defense for the ordinary citizen—protecting, even if imperfectly, against the tendency of business to exploit and oppress populations for monetary gain.

I've heard it suggested that government should do for people only what people cannot do for themselves. But individual citizens cannot keep banks from adopting predatory lending practices. They can't keep oil companies from using unsafe drilling practices. They can't make sure the food we eat is safe. There are a great many protections that government has traditionally seen as their duty to provide, and yet we're watching an organized attempt by certain politicians—in eager service of corporations—to eliminate the FDA, the EPA, and even the newly created Consumer Financial Protection Bureau. They speak of “starving the beast,” but in the end the ones starving if this keeps up will be us, the American citizens.

America is under attack from within by forces that do not have the best interests of American citizens at heart, indeed by entities that have no heart at all—by corporations—legal sociopaths—and their dutiful servants in Washington, the Republican Party. The Republicans fancy themselves leaders, but they are not leading, they're clearly following. If they step out of line, they're harshly dealt with by forces outside of our view or control.

The Democratic Party is not immune to the suggestions of Big Business either, but at least they are not yet moving in 100% lockstep to the tune of their corporate overlords. In spite of some partial influence, many elected Democrats are still advocating strongly on behalf of the common citizen. So at least with the Democrats there is hope.

And let's be clear, I'm not saying that this new class of Republican “leaders” are themselves sociopaths. It's not inconceivable that some are, but let's generously assume not, since it won't change my point. Whether they are themselves sociopaths or just willing proxies for behind-the-scenes sociopaths, it's all the same. America's citizens need and deserve a government of, by and for the people—the real flesh and blood people, the ones the founders of this nation originally wrote the Constitution to protect.


Author's Note: If you got value from this post, please “Share” it.

Originally published July 27, 2011 at Open Salon, where I wrote under my own name, Kent Pitman.

Past Articles by me on Related Topics
To Serve Our Citizens
Fiduciary Duty vs. The Three Laws of Robotics
Teetering on the Brink of Moral Bankruptcy
Hollow Support
Election Stratego

Tags (from Open Salon): politics, legal sociopath, sociopath by proxy, center for media and democracy, cmd, american legislative exchange council, alec, control, power, power grab, protections, dismantling, attack, attack from within, people, we the people, of by and for the people, corporations, corporatism, plutocracy, shadow government, puppet government, puppet state, koch brothers, the family, c street