Chewbone Radio

Select a station: A - B - C - D - E - F - G - H - I - J - K - L

rickdog's multi-form music search

How the Mega-Rich Treat Our Treasury Like a Buffet (And Stick You with the Bill)

From Worldwide Sawdust

Posted by: UnCommontator

"And I tell about a man named Jim Weaknecht who owned a little store in the Poconos of Pennsylvania. He sold fishing tackle, hunting gear, stuff like that. And the way he made his living in his little tiny store, enough that he was able to have his wife stay at home and raise their three kids full time, was by charging less than a company called Cabela's. Well, then Cabela's came to town. This little city of 4,000 people made a deal to give Cabela's $36 million to build a store. That's more than the city budget for that town for ten years. It's $8,000 for every man, woman, and child in that town to have this store. And even though he charged lower prices, he was pretty quickly run out of business."

"That's not market capitalism, which is what Ronald Reagan said he was going to bring us. He said, you know, government's the problem, we need markets as a solution. Well, that's not the market. That's corporate socialism. And what we've gotten is corporate socialism for the politically connected rich-not all the rich, the politically connected rich-and market capitalism for everybody else." David Cay Johnston