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From youtube.com/watch?v=eUqEJlwNE4A: Wall Street greed
Wall Street greed
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Interestingly, after the Rothschild pronouncements on “Inclusive Capitalism,” a particular hero of mine, Robert Reich penned a piece entitled, “What Happened to the Moral Center of American Capitalism?”
I immediately began to wonder if this was the same Robert Reich who I came to admire during his tenure as secretary of labor, which coincided with my tenure in the US Congress.
I remember when Reich, as labor secretary, put forward the suggestion that it was high time the US budget be pared of its corporate subsidies, which totaled around $100 billion, depending on how and what you counted as a subsidy, and how far down the rabbit hole you were prepared to go. At any rate, that’s a lot of money! And interestingly, many of these subsidy recipients, don’t even pay taxes. Talk about “free-riding” and “gaming the system!” Lady Rothschild knew what she was talking about!
Yet, the Republican Party and its more conservative complement inside the Democratic Party painted a vastly different picture of the typical welfare cheat, “free-riding” on hard-working taxpayers: demonizing her as a black woman, descendant of the trafficked Africans brought to the United States to work or give birth until death with no compensation. That is the ad hominem diversion used to deflect attention from the real big corporate culprits that continue to turn a pretty penny for their CEOs at US taxpayer expense. So, with all of these fond memories of Robert Reich in mind, and an admiration for his courageous suggestion to end corporate welfare — a suggestion that, in my opinion, ended up getting him fired, I was taken aback to see the title of his recent op edge posted on his website.
When, pray tell, did American Capitalism have a “moral center?”
In his article, Reich points out that American capitalism has today lost its moral center. He laments that even the most minimum standards of “public morality” have been breached by the common business practices of today. Reich complains that the people with the leading Wall Street or corporate positions now can be counted on to enrich themselves with the most compensation “regardless of the social consequences.”
From commons.wikimedia.org/wiki/File:Robert_Reich,_Policy_Network,_April_6_2009,_detail.jpg: Robert Reich
(image by Wikipedia (commons.wikimedia.org)) License DMCA
Reich correctly points out that the wage gap between CEO and average workers can reach as much as 300 times. He notes that after World War II, when corporate CEOs felt more responsibility and “accountability to the nation,” their pay failed even to reach 40 times average worker earnings. And he notes that back then, the highest income earners also paid their fair share of taxes. But, by the 1980s Administration of President Ronald Reagan, deregulation became the word of the day and so regulations meant to protect the public from rapacious capitalism were repealed, straight up through and including the Clinton Administration in which he served.
Reich concludes by calling for re-enactment of regulations that will curb the excesses that the taxpayers of the US and the world have been subjected to by Wall Street. He calls for “limits on executive pay, a progressive income tax,” and changes in campaign finance laws to eliminate the undue influence of money on election outcomes. All of Reich’s prescriptions leave the bad guys and their progeny in place to haunt us again in multiple ways. Reich’s prescriptions seek to encourage a “moral center” that honestly, just doesn’t exist and that has never existed in the economic life of the United States.
For example, before the mortgage meltdown of 2008, to close the home ownership gap between blacks and whites in the United States, United for a Fair Economy found that it would take 1,664 years, provided business as usual by black voters and business as usual by Republican and Democratic elected officials. Now, for me, I don’t have one thousand years to wait for justice. Business as usual in the United States IS the perpetuation of injustice. Business-as-usual in the United States must undergo deep, transformational, humanistic change. Dr. Martin Luther King, Jr. stated that the United States needed a revolution in its values. It still needs such a revolution.
Unfortunately, Reich’s prescriptions merely take us back to business as usual in a US riddled with racism, discrimination, class division, and now saddled with a futile chauvinistic hubris that leads to all kinds of policy folly that is not only painful for its victims, but that also reeks of a desperate arrogance on the part of its purveyors.
I agree when Reich concludes that “massive inequality is incompatible with robust democracy.” And therein lies my point. By his own definition, the United States has never been a “robust” democracy. The democratic rights (political and economic) of Native Americans and trafficked Africans have never been included in the US equation of democracy. Women were excluded at the time of the founding of this exceptional “democracy.” Thus, I wonder, how with a straight face, Robert Reich can write of the “moral center” of American Capitalism — that same capitalism that produced genocide, the Trans-Atlantic Slave Trade, Jim Crow, Convict Labor (Slavery By Another Name), gender discrimination before World War II and today’s racial and ethnic disparities that exist on every index of social well-being that remain unaddressed by policymakers until this very minute of this very day in the post-World War II period.
And let me not even begin to discuss colonialism, neocolonialism, neoliberalism, all imposed on other parts of the world with record violence. To what extent is the refugee/immigration crisis of today caused by neoliberal policies that have been ruthlessly inflicted on others around the world by “American Capital?”
Some might be tempted to say, after careful scrutiny of the historical evidence, that there is no such thing as a moral center in “American” capitalism and that it is high time to reject the usual policy prescriptions that keep capitalism in place (Remember President George Herbert Walker Bush’s “Kinder, Gentler America?”); and search for other less Eurocentric and more egalitarian forms of political and economic social organization. Some countries, like the members of the Bolivarian Alliance for the Peoples of Our America, ALBA, have already embarked upon this journey. They are to be commended and supported while we all must beware the shibboleths advanced as our common salvation by the very creators of so much global human misery.
The “moral center” of “American Capitalism” is still a disaster!
Cynthia Ann McKinney (born March 17, 1955) is a former United States Representative and the 2008 Green Party nominee for President of the United States. McKinney served as a Democrat in the U.S. House of Representatives from 19932003 and 20052007, first representing Georgia’s 11th Congressional District and then Georgia’s 4th Congressional District. She is the first African-American woman to have represented Georgia in the House.
In the 1992 election, McKinney was elected in the newly re-created 11th District, and was re-elected in 1994. When her district was redrawn and renumbered due to the Supreme Court of the United States ruling in Miller v. Johnson, McKinney was easily elected from the new 4th District in the 1996 election, and was re-elected twice without substantive opposition.
McKinney was defeated by Denise Majette in the 2002 Democratic primary, in part due to Republican crossover voting in Georgia’s open primary election, which permits anyone from any party to vote in any party primary, and in part due to her “controversial profile, which included a suggestion that [George W.] Bush knew in advance of the September 11 attacks.”
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Articles Listed By DateList By Popularity
Sunday, September 20, 2015 (6 comments)
American capitalism: A disaster with no “moral center” Reich points out that American capitalism has today lost its moral center. He laments that even the most minimum standards of “public morality” have been breached by the common business practices of today. Reich complains that the people with the leading Wall Street or corporate positions now can be counted on to enrich themselves with the most compensation “regardless of the social consequences.”
Wednesday, May 1, 2013 (2 comments)
Remarks at the UN International Meeting on Palestine in Addis Ababa, Ethiopia can you even imagine what U.S. policy would be like at the United Nations if the will of the people were carried out without the interference of the pro-Israel Lobby? I have met many courageous Palestinians and Israelis who want to live peacefully with each other and who put their lives and their livelihoods on the line every day for peace and the rule of law.
Thursday, February 7, 2013 (6 comments)
Chris Dorner: “The enemy combatants in LA are not the citizens and suspects, it’s the police officers.” Some of you have written and asked who is Christopher Dorner and why was Mike Ruppert responding so urgently to his words. I will put Dorner’s Manifesto here so that you all can read his words for yourself. This is what Mike Ruppert sent to me with a message of URGENT attached to it for my attention and following that will be Dorner’s Manifesto:
Sunday, October 7, 2012 (1 comments)
Open Letter on the Occasion of the Seating of the New York Session of the Bertrand Russell Tribunal on Palestine The vast majority of the world’s people are utterly tired of a hungry war machine ignited by gangster bankers concomitantly devouring the money resources of the world’s people. There is a growing awareness of exactly where the problem lies:
Sunday, May 29, 2011 (27 comments)
Anatomy of a Murder: How NATO Killed Qaddafi Family Members Congress should vote to end NATO’s action in Libya and, barring that, should assert its Constitutional prerogatives and require the President to come to it for authorization of this war. And then, Congress should heed the wisdom of the people of our country who are against this war and vote for peace.
Tuesday, May 24, 2011 (15 comments)
Dispatch From Tripoli–NATO’s Feast of Blood The real foreign policy behind the US’s mad rush for Empire in Africa!
Wednesday, April 6, 2011 (5 comments)
President Obama Gets His Groove Back By Attacking Africans So did the American people get the change they wanted? Or is this really more of the same under Bush? Imperialism is alive and well under the Obama reign.
Sunday, March 27, 2011 (17 comments)
From Cynthia McKinney: On President Obama and Libya; Japan and 9/11 Truth The events are pieced together and give the reader plenty of background on the interests and the empire building of the US government.
Friday, February 4, 2011 (5 comments)
Cynthia McKinney: From United Arab Emirates Cynthia tells us about the “greening” of the Middle East, people power and the vision of a new paradigm for all people and the planet!
Tuesday, September 21, 2010 (5 comments)
A Peace Lobby on the International Day of Peace It is time for a PEACE LOBBY. And it is way past time for the people to demand it. Those that lead us to war cannot be expected to get us out of it.
Friday, July 16, 2010 (3 comments)
THE MAN WHO PUT THE WORD “FIRE” INTO FIREBRAND–BILLY MCKINNEY A tribute to my father, the Honorable James Edward “Billy” McKinney who passed on July 15th, 2010 at the age of 83.
Monday, May 31, 2010 (5 comments)
Cynthia McKinney Mourns the Dead of the Freedom Flotilla to Gaza: People of U.S. & World Must End Israeli Impunity! I am outraged at Israel’s latest criminal act. I mourn with my fellow Free Gaza travelers, the lives that have been lost by Israel’s needless, senseless act against unarmed humanitarian activists.
Sunday, March 28, 2010 (6 comments)
“They’re White Just Like Us . . . “ Dignity, peace, war, occupation, immigration, and the color divide.
Monday, January 18, 2010 (3 comments)
An Unwelcome Katrina Redux The TRUTH about Haiti. Cynthia McKinney tells us why Haiti is so important for US empire interests, both financially and logistically. All eyes are upon the US government to see what the next moves will be. They will be telling to be sure.
Thursday, December 3, 2009 (14 comments)
Is President Obama’s Surge A Trap? US voters went to the polls and chose Obama to lead them. He promised peace, change, bringing the troops home. Who’s REALLY in charge? Congress is going to have to stop funding the wars and occupations to bring about their end.
Tuesday, December 1, 2009 (2 comments)
On Obama’s Impending Speech Cynthia McKinney speaks on Obama’s impending speech to escalate the troop number in Afghanistan. Mainstream Media is calling this an “Afghanistan Exit Plan.” How can an increase in troops be an exit plan?
Thursday, October 22, 2009 (5 comments)
A Message From Mike Ruppert by Cynthia McKinney, October 22, 2009 Cynthia McKinney passes us the message from Michael Ruppert who has gone through hell to get info through to “we the people.” Censorship and disenfranchisement of anything having to do with truth is alive and well in the USA.
Friday, October 16, 2009
Report from South Africa, Upcoming Events, Interesting Video Links Cynthia McKinney shares information about her trip to South Africa, her thoughts, observations, a video and her intent to return there to learn more about this nation’s people.
Sunday, October 11, 2009 (5 comments)
If we want Policy instead of Speeches Cynthia speaks of our vision and our goals for an America the way WE want it and covers some of the news topics of the day that either remain out of our mainstream news or are misreported.
Friday, October 2, 2009
Getting to South Africa in time for the Film Festival is as important to me as was putting my feet on the soil of Gaza. Authorities again try to keep Cynthia McKinney from leaving the country. This is becoming a continuing problem. Is security meant to keep US citizens from leaving (and telling the truth somewhere else about what is going on here) or is it meant to keep bad people out?
Wednesday, September 2, 2009 (1 comments)
How Did We Get From There to Here? The former Congresswoman and Green Party presidential candidate explains the debaucle that is our current healthcare system and the unnecessary death of her aunt under this same system.
Tuesday, June 30, 2009
Israeli Navy surrounds Gaza relief ship SPIRIT At 1:40 am (local time), the Israeli Navy surrounded the SPIRIT while it is on its way to the Gaza Strip. We got a call from the boat saying that they were being threatened, told to turn back or they would be fired on.
Tuesday, June 30, 2009 (20 comments)
Cynthia McKinney and the Spirit of Humanity Crew are captured and detained by the Israel Navy Cynthia McKinney, former Congresswoman and Green Party Presidential Candidate along with the Free Gaza mission is captured and kidnapped by Israel on the high seas!
Monday, June 29, 2009 (1 comments)
FREE GAZA’S SHIP, The Spirit of Humanity is now surrounded by the Israeli Navy, being threatened and radios jammed! The latest on FREE GAZA’S mission to bring humanitarian aid to the people of Gaza. The former Congresswoman and Green Presidential Candidate, Cynthia McKinney is aboard in addition to 20 relief and aid workers from 14 different countries. Situation/standoff in the Eastern Meditteranean is tense.
Sunday, June 28, 2009 (2 comments)
FREE GAZA and SPIRIT OF HUMANITY are determined to sail Cynthia McKinney, Dignity Action Movement and Free Gaza send out notice of intent to sail to Gaza with humanitarian aid in spite of attempts to stop this mission. Situation is unfolding…
Thursday, June 25, 2009 (5 comments)
They Denied Us So They Wouldn’t Have to Ram Us!–UPDATED Cynthia McKinney’s latest updates from the Dignity Action Movement and Free Gaza as they attempt to take a short voyage to Gaza to bring humanitarian aid to the people there.
Wednesday, June 24, 2009 (2 comments)
We Leave for Gaza Tomorrow; I’ve Asked the White House to Intervene for our SafetyCynthia McKinney gives an update on the preparations for the Dignity Action Movement and the latest trip to Gaza with humanitarian aid.
Monday, June 22, 2009
I Sent a Message to the President about My Trip to Gaza . . . Cynthia McKinney and the Dignity Action Movement are not getting any US mainstream press recognition outside of the internet, but foreign media has made note of the plans for the newest humanitarian voyage to Gaza. Please pass the word and check out the social networks for DIGNITY!
Saturday, June 20, 2009 (1 comments)
After a Brief Layover in Abu Dhabi, I’ve Reached Doha Cynthia McKinney and her Juneteenth letter to Eric Holder regarding justice for Mumia Abu-Jamal.
Friday, June 19, 2009 (8 comments)
What do we have in common? Cynthia McKinney is on her way to Gaza with food, medicine and school supplies for the children. She encourages all to join DIGNITY’S social networking sites. And asks Obama to not spend one more dime on Israel’s war machine.
Wednesday, June 3, 2009 (4 comments)
Cynthia McKinney Announces Formation of DIGNITY Cynthia McKinney announces the formation of Dignity, an organization for the people. Cynthia explains why this organization is needed and asks for leaders to step up and help, we are all in this together. There is power in organization with common goals and a vision for the future.
Monday, April 20, 2009 (6 comments)
The Economy, From Soros and Greenspan to Napoleon’s Waterloo, And a Tip of the Hat to Haiti, Too Cynthia McKinney gives us a history of economics and finance in the New World. She includes history and information, both current and old, from the US, France, the Louisiana Purchase and Haiti.
Tuesday, April 7, 2009 (16 comments)
Buyer’s Remorse, Economic Collapse, Oligarchs, and War Cynthia McKinney tells us about the Power to the People Committee, voters who have some regrets about their choices, and info from MONEY FACTS, 169 questions and answers on money authored by the Subcommittee on Domestic Finance, House of Representatives Committee on Banking and Currency, 1964.
Tuesday, March 31, 2009 (7 comments)
Cynthia McKinney Reports from London Cynthia McKinney tells us about the Kuala Lumpur Foundation to Criminalise War (KLFCW) taking place in London, about the continuing conflicts in Israel, Palestine, Gaza and about the U.S. war machine’s involvement in the Middle East.
Sunday, March 29, 2009 (4 comments)
From Cynthia McKinney in London Cynthia McKinney speaks on the Economic Crisis, George Galloway, and the Forum for Palestine taking place in London on March 31, 2009.
Monday, March 2, 2009 (14 comments)
Ruminations on President Obama’s Tenure Thus Far and “Acceptable Punditry” Cynthia McKinney speaks about the same policies in affect now under Obama’s rule as they were under the Bush administration and even more on Obama not going to Durban.
Thursday, February 5, 2009 (1 comments)
Cynthia McKinney’s Report from the FORUM FOR PALESTINE in Malaysia Cynthia McKinney’s descriptive report from the FORUM FOR PALESTINE with specific details from the doctors who attended the victims after the Israeli attacks.
Friday, January 30, 2009 (49 comments)
President Obama, Don’t Become Complicit in Their Crimes! Cynthia McKinney’s latest letter to Obama and the injustices of war, killings and imprisonment, not just overseas but here on our streets. Under Obama’s administration, the war continues!
Wednesday, January 28, 2009 (12 comments)
President Obama, Let Peltier Live! Cynthia McKinney speaks out for justice regarding political prisoners and the US involvement in global war.
Monday, January 26, 2009 (7 comments)
Mr. President: Give Us a Clean Break from War In a message to President Obama today, former Congresswoman Cynthia McKinney condemned the actions in Gaza, the US complicity and the lack of action by our leadership.
Saturday, January 10, 2009 (16 comments)
Thousands Rally and March in Washington, D.C. to ‘Let Gaza Live’ Cynthia speaks of the events in Washington, DC today and the mainstream media’s distortion of the facts.
Thursday, January 1, 2009 (47 comments)
We Lived to Tell the Story: Lebanon Rescued Us An update from Cynthia McKinney regarding the incident with the Humanitarian Mission to Gaza aboard the “Dignity.”
Wednesday, December 31, 2008 (19 comments)
From Cynthia McKinney’s Notebook… Cynthia McKinney tells the story of what went down in the East Mediterranean on December 30th, 2008 while on a humanitarian mission aboard the “Dignity.”
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