The problem with America is Wall Street-style heartless capitalism where the guys at the top love only money, worship greed, and don’t care how it affects you and I. That’s just the way it is. What made the situation worse was that during the Bill Clinton Administration, CEO’s started to get paid in stock. The change aggrandized an already epidemic culture of unrelenting greed that has taken this country to a new form of extreme capitalism.
Chairman and CEO of JPMorgan Chase, Jamie Dimon, was the ambassador of this idea at the time. The argument was to pay people based on performance by compensating executives with company stock. Up or down, your financial future was based on how well the company’s stock did. While on the surface the idea makes sense, the change ushered in a whole new capitalistic system, one that involved an era of corporate mergers, the growth of monopolies, job layoffs, and that perpetrated the demise of the American factory as well as the American dream.
Jamie Dimon is not solely responsible of course. NAFTA with its architect George HW Bush actually set the play for much of the suffering in the US and the destruction of manufacturing in many of the northern cities. The result of chasing money and power with abandon, combined with a society that made excuses for corporate hypocrisy, was fed by a false hope of the public benefiting from private profits.
Yet when rich bankers drew up their new plans, they didn’t involve innovation or investment but instead included a new push for tax avoidance, wage theft, and environmental overreach. The new philosophy of short term profit seeking then moved on to the government. Wall Street backed policies of taking money out of the schools, their own neighborhoods, and public support for healthcare.
The Dulles Brothers, John and Allen, are probably two of the most evil men in history and their role in this transition is important to note. Starting out as Wall Street attorneys, John went on to become Secretary of State from 1953 to 1959 and Allen went on to become head of the CIA. The brothers were right wing ideologues. They carried into government an uncompromising plan to stomp out communism and promote ‘American exceptionalism’ through a campaign of interfering with national elections, conducting assassinations and subverting the common good on the planet.
These two pawns of Wall Street led a crusade for the American Empire where only Wall Street would reaped the profits while you and I were labeled the ‘Ugly Americans’. They even wrote the treaty of Versailles that pushed the Germans to mass deprivation and eventually fed an evil the world never knew before.
The point of all this is that like attracts like. The heartless ethos’s of American capitalism since the world wars is the root of all evil. Profit without conscience is the credo Wall Street lives by and has tirelessly tried to sell to you and I. I say they can keep their sentiments and excuses for evil. Sound minds didn’t believe it yesterday, sound minds won’t believe it today, and sound minds won’t believe it tomorrow!!!