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truedelphi

(32,324 posts)
2. I met a lot of the anti-crony capitalism crowd while out tabling
Thu Jun 12, 2014, 02:13 PM
Jun 2014

Last edited Thu Jun 12, 2014, 03:29 PM - Edit history (1)

On a local issue.

They all know that each and every individual, from the newborn to the octogenarian, has lost at
least $ 200,000 to the crony capitalism that is an accepted and promoted way of life among the Beltway crowd. And that is math done that simply calculating what the Big Bailouts have cost each of us. And should a person try and somehow compute what it costs us as a society to let Sallie Mae employ Pacific Rim third-worlders to handle the customer service end of the student debt mess, etc, we would probably see something like a million dollars a piece.

It is already accepted Beltway insider knowledge that it is "too costly" to return jobs here to Americans. but if we don't have jobs, then what? Is that not a lot more costly?

At the beginning of the Twentieth Century, the formula of "Good paying jobs" = "A decent consumer society" was worked out in his head by one Henry Ford. And of course, business leaders across the nation protested that he would find himself broke, but exactly the opposite happened. His own workers bought the Fords they were producing, and Ford soon was a household name.

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