Yes, and who’s been telling us that for the last
hundred years? The truth is that
corporations, or private enterprise, are very efficient at doing what is most
important to their shareholders. They
are not at all efficient at doing what’s good for families and communities if
it doesn’t fit in with their prime mission: maximum profit (it’s the
Law!).
Think about it. Over 2 years ago, PG&E blew up
San Bruno. For the last two years, we have seen
almost daily articles in the SF Chron revealing constant, ongoing
mismanagement, corruption, sloppiness, and downright criminality by the same
company that brought us the Hinckley disaster (remember “Erin Brockovitch”?),
which, by the way, is still going on after 20 years!
Yet, this company is still allowed to do
business! Where are the outraged
stockholders, demanding that PG&E right its many wrongs and transform its
management? Why has our government not
revoked PG&E’s corporate charter, seized its assets and made it a public
utility for the sake of our safety?
Government is, in fact, very efficient at serving
the needs of some people, but not all people in our country. It’s a poorly kept secret that we have
economic classes in the United States. Some people have a great deal of power
because they own so much productive property (factories, banks, all kinds of
corporations, but especially banks), while most of us own at most a home and a
car, none of which brings us any measurable power over government.
Today, government, any government, serves the ruling
class. The “1%”, actually the “.001%”
who control the biggest investment banks and hedge funds are the ruling class;
they have their hands on the steering wheel of this country.
We may have the illusion that, because Bill Gates
or some other billionaire CEO wears blue jeans and behaves in an easygoing,
informal manner that they are just like us, but it is simply that, an illusion.
It’s more relevant to ask what one of
them can do with a signature (affect millions of lives), and what you or I can
do with a signature (maybe pay our
bills). These folks do not act alone, or
without plans. They are in touch with
others of their class and confer regularly to set or adjust their strategies to
carry out their needs. That’s what the
WTO, the IMF, the World Bank, the Group of Eight, etc. represent: they are the
strategic bodies of the 1%. They have
nothing in common with our needs.
Government can be very efficient for us,
the “99%” who actually make everything work, but only if we create a new kind
of politics to reflect the real needs of people instead of needs of
corporations. The 99% need to become the ruling class in this country.
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