UPDATED: Blame The Beast (DC) For Big Business’ Moral Bankruptcy

Business, Capitalism, Ethics, Free Markets, Government, Morality

Myron Pauli sends along an interesting series of Venn diagrams, reflecting the intersection between The DC Beast and Big Business, and purporting to “show how corrupted American ‘democracy’ really is.”

Registering his disgust, Myron writes this (with his usual flare):

“While the American Booboisie gets distracted with this ‘election,’ where the grandson of a polygamist
debates the son of a polygamist on ‘gay marriage,’ as the Welfare-Warfare-Deficit-Jail State
goes on – 800,000 arrested for marijuana last year – hundreds wounded or maimed in Afpakistan,
trillions of new debt and malinvestment, television cameras proliferating everywhere to catch
American citizens (e.g. ‘criminals’) violating an ever increasing list of ‘crimes’ ….”

Agreed, except that companies don’t have much option. Without buying and paying for a plant to do their bidding within the State apparatus, they are doomed to be investigated and prosecuted non-stop by the government’s alphabet soup of regulatory agencies; the Financial Industry Regulatory Authority, the Securities and Exchange Commission, on and on. Business gets dragged into court every other day and sued. By necessity, entire departments and budgets within corporate America are given over to lobbying and pacifying The Beast.

“When Bill Gates neglected to schmooze Washington, Joe Klein, the Justice Department’s top dog, picked up the scent and gave chase. The lesson being that if he wants to survive, the entrepreneur must also pay protection money to his political masters.” (“CONGRESSIONAL CHURLS TROLL FOR VOTES”)

Our “overlords who art in DC” “are the ones who force the entrepreneur to replace viable, voluntary trades and transactions with bureaucratic, politicized decision making. Rather than concentrate on satisfying consumers, proprietors must divert resources from innovation and production into getting around the bureaucrat’s tax and regulatory laws.”

“Unlike government (and CNN’s Anderson Cooper), you can keep private enterprise honest. Business aims to please its constituents, the consumers. …”

Downsize the state, strip it of its police-state powers—and business will shape-up. Capitalism is moral if practiced. We do no longer practice it.

UPDATE: Yes, Myron, why can’t I get this URL to work? I found another valid hyperlink for “18 Venn diagrams showing how corrupted American ‘democracy’ really is.“

Slaughter in Syria

Crime, Islam, Middle East, Military, Morality, War

To evoke W. H. Auden’s reflections in Letters from Iceland, what “… an extraordinary vision of the cold controlled ferocity of the human species.”

“BBC News: “The village of Taldou, near the town of Houla in Syria’s Homs province was the scene of one of the worst massacres in the country’s 14-month-long uprising on Friday. United Nations observers on the ground have confirmed that at least 108 people were killed, including 49 children and 34 women. Some were killed by shell fire, others appear to have been shot or stabbed at close range.But at whose hands they died remains a matter of contention. …”

Keep It Regional

Foreign Policy, Hillary Clinton, Islam, Middle East, Neoconservatism, UN, War

Al Jazeera, “headquartered in Doha,” “is the “broadcaster owned by the state of Qatar through the Qatar Media Corporation.” Toward Syria, the Gulf state of Qatar has adopted the regime-change policy of Saudi Arabia (in particular), the Arab League (in general), John McCain’s, Sean Hannity’s, and as many liberals. While Qatar intensifies its efforts to overthrow Syrian President Bashar, it is, simultaneously, supporting Bahrain’s crackdown on dissent. (An Al Jazeera correspondent out of Beirut was so enraged by the network’s bias that he resigned.)

In the Middle East it all boils down to faction and tribe.

Not so long ago, Sheikh Hamad bin Khalifa Al Thani, ruler of Qatar, asserted that “Arab countries should send troops into Syria.”

We can agree with the Sheikh that the US has no business in Syria. But good luck to him in handling Arab civil wars regionally. South African President Jacob Zuma’s attempted to deal with Libya locally (in the Continent), but the “gorgon who heads Caesar’s state department” (Hillary) would have none of it.

Not even the African Union, which has a good working relationship with warlords, could keep the Über dogs of war of (America masquerading as “NATO”) from leveling Libya. The rest is history.

UPDATED: The GDP Gambit

Debt, Economy, Federal Reserve Bank

Official GDP numbers are deceptive because they chart—and include—the growth of government debt. In order to come to grips with America’s real economic prognosis, you must tease apart modest economic growth from the monstrous accretion of public debt.

In his latest book, “The Real Crash: America’s Coming Bankruptcy, How to Save Yourself and Your Country,” financier Peter Schiff does just that, noting that, “From 2008 to 2009 our national GDP (of around $14 trillion) contracted by $212 billion. To prevent any further dips, the government aggressively spent, borrowing heavily to do so. To the relief of just about everyone, these moves did stop the nominal contraction. From 2010 to 2011 the U.S. GDP expanded by $502 billion, and from 2011 to 2012 it added an additional $508 billion. All told, from the end of 2008 the U.S. economy added a cumulative $798 billion in GDP. But those gains came at a very high price.”

“The combined federal deficits for the same time frame come in at a staggering $4.2 trillion! In 2009 alone the feds chalked up a chart breaking $1.4 trillion in debt (the deficit was a mere $161 billion in 2007). In other words, we borrowed five times more than we grew. This ‘strategy’ for growth is no different from an individual who loses half his income, but continues to spend by running up credit card debt.”

Could this be described as economic growth? But that’s just how we are describing our current economy, and for the large part, expert economists, politicians, investors, and academics all agree..”

UPDATE (May 30): Writes Nixter Jeelvy on Facebook : “GDP = Aggregate Demand = all the money SPENT within a year, within the nation. It’s no measure of wealth, Lord Keynes and his pipe dreams be damned.”