Corporate Socialism by Michael Rechtenwald

“For anyone wondering about corporate socialism and what I mean by it, it's very simple: State socialism is socialist only "on the ground." There's nothing "socialist" about the state itself within socialism. Those who run the state don't live according to socialist principles. They are the ruling elite. They control the means of production. They live like oligarchs, because they are essentially oligarchs.

The same goes for "corporate socialism." There's nothing "socialist" about the corporationists  who run the corporate socialist system. They are the ruling elite. They don't live according to socialist principles. They are oligarchs.

In both cases, socialism is promoted to and for the masses. Both are two-tiered systems: oligarchy on top, "socialism" on the ground. Both are monopolistic.

There is nothing pure in this world.

The difference between corporate and state socialism is just who is in control of the resources and the means of production--the state actors in one case, the corporatists in the other.

The difference between corporate socialism and mere cronyism is that under corporate socialism the corporate socialists promote socialism on the ground--in order to satiate the masses, eliminate competition, and pretend to be noble.”

And who financed the Russian revolution?  A different viewpoint. https://youtu.be/PaFklTLNy8c  Professor Antony Sutton

Where's my bailout?

BEN BOYCHUK: "If the Occupy Wall Street protests were merely a gathering of liberals angry at the pathetic state of the economy and the incestuous relationship between Big Government and Big Business, most Americans likely would be on their side.

But something else is happening here.

We don't have much real data about who these protesters are or what exactly they believe. But we have a few hints. The protesters' online manifestos read like a Marxist child's letter to Santa Claus, demanding everything from college loan debt forgiveness to a living wage "regardless of employment."

New York Magazine took a snapshot poll of 100 protesters camping at Zuccotti Park in Lower Manhattan. About 34 percent of the "young, smart, educated young people" the magazine surveyed are "convinced the U.S. government is no better than, say, Al Qaeda."

So it's fair to say a sizable minority of the people camped out in New York and dozens of other cities around the country are on the fringe of mainstream American politics.

And yet Occupy Wall Street has touched a nerve for the right reasons.

"If you're a bank or an insurance firm, and you create a product that your investors and your regulators can't understand in a crisis, you aren't punished...Instead, you get rewarded with bailout money," my City Journal colleague Nicole Gelinas observed recently. "It's hard to argue with the Zuccotti protesters' manifesto on this point: 'They have taken bailouts from taxpayers with impunity."

The difference between the Tea Party marches of 2009 and the Occupy Wall Street demonstrations of 2011 is the difference between "No more bailouts!" and "Where's my bailout?" For the Tea Party, Big Government -- too many regulations, too much federal meddling in Americans' lives -- is the problem. For Occupy Wall Street, bigger government-more taxes, more regulation, more subsidies -- is the solution. The choice is yours."

Red and Blue America; what does Occupy Movement mean?

Michael Moore Occupies Wall Street

Michael Moore has made a fortune criticizing and lying about capitalists. Recently, he’s been on the front lines of Occupy Wall Street. He gave aid and comfort to the enemy during the Iraq War (when it was Bush’s problem). He makes films about the racist, evil, greedy United States which are forced on American students in high school and college. Then with his profits from the films he invests in American companies. His own “investment portfolio has included owning significant shares of stock in medical, health, pharmaceutical, defense and big oil companies, such as Pfizer, Merck, Eli Lilly, Pharmacia Corporation, Tenet Healthcare, Sunoco, General Electric and even the “evil” Halliburton. He has also invested in firms that outsource jobs to the Third World – including China, where slave labor is rampant. He wants to soak the rich with higher taxes, but uses accountants to exploit every loophole and exemption to reduce his burden to Uncle Sam.” The left is filled with such hypocrites. You can bet that as they destroy your retirement portfolio, they’ve figured out how to make a few more dollars.

KUHNER: The hypocrisy of Michael Moore - Washington Times

The redistribution rants

Harry Reid wants more taxes from millionaires and billionaires which won't create jobs, but it will make the great unwashed, sniveling whiners picketing on Wall Street happy. Obviously, these Occupy Wall Street antics don't help Obama's phony plea for more jobs (aka campaign 2012), so we know their intention is to bring the economy to a halt--with the President's help. It's too bad these gullible students didn't take more Russian Soviet history--the first to the barricades are the first to be put on trial by their fellow revolutionaries, imprisoned and killed.

Law students chokes on his silver spoon

The first arrest came shortly after noon near the stock exchange. Several blocks away, another protester, who identified himself as Robert Stephens, was arrested after kneeling in the middle of the street outside the Chase Bank building.

"That's the bank that took my mother's home," said Stephens, a law student, before being handcuffed. . . Reuters

Poor helpless, poverty stricken law student Robert Stephens, graduated from Carleton College (average cost: $42,942/year) in 2010 and now studies law at The George Washington University Law School (average cost: $70,449/year).. . He was at the Wicked Wall Street Occupy/Demonstrate against the banks saying the bank had ruined his parents' lives.

It's all bogus, but he's had his 10 minutes of fame on the liberal new media sites, his face zipping around the internet in minutes. His Dad is a PhD, with 2 masters, his Mom who has a Master's earns mega bucks, plus county property records & taxpayer services office reveal that the Stephens family home is not in foreclosure, that property taxes had been paid in full and the remaining balance on their mortgage for the half-million dollar home is less than one year’s worth of tuition+fees at their son’s law school. You gotta love the way the left manipulates the media and then wonder why there's no way to make their case, other than lying.

Daily Kos got punked, and it couldn't have happened to a group more gullible.

Liberal law students chokes on silver spoon

Money

Do they play this at bailout board meetings? Citigroup, one of the "family" that has access to all the information (see my post on the 200% interest) Macy's collects about me has agreed to take no bonuses for 2008--and yes, they promise to keep a tight leash on expenses, and "limit" their lobbying efforts. I am deeply comforted. As I've always said here, I don't care generally how much these CEOver-the-toppers pay themselves for their mansions, mistresses and private schools for the kids as long as the stockholders don't care, but now that they want us to share the risk for their negligence and bad investments, I think it only right we have a say. According to Bloomberg, "Overall, the federal government has committed $8.5 trillion in trying to jumpstart a shrinking economy." And Obama hasn't even started filling the pot holes and killing talk radio yet!



Bloomberg.com summary of 2008, a year the writer calls a "Darwinian" event--only the most fit species survived. It may be the only type of Darwinian event I can believe in!

HT No Runny Eggs