What are we to think when the U.S. Government, the strong arm behind countless privatization schemes around the world, decides to “bail out” one of its largest private lenders, Fannie Mae/Freddie Mac, then proceeds to make gigantic public loans to even more corporations? In the realm of the laissez-faire capitalism promoted regularly by the neo-con right and the centrist left, it means we’ve gone “Commie.”
I don’t know about anyone else, but personally, I’m sick and tired of the CEOs of America running around saying, “Free Markets! Free Markets! Free markets! Let’s even sell water!” and then, as soon as their risks pile up too high, they go running off to Uncle Sam saying, “We’re so valuable, oh my god you need us, you have to bail us out immediately [with public taxpayer’s money]!”
We are living in an country where we are told, “No, no, no! Universal Healthcare is the antithesis to our core principles in this country. We are Capitalists and must have a profit-driven healthcare system!” and then out of the blue, by Corporate America’s request, the federal government coughs up billions of dollars to bail out for-profit companies that have made ridiculously bad decisions without a second thought. If we’re going to act like a socialist democracy, why can’t we have any of the most necessary and utilitarian public programs we need? Anyone noticed that people are dying because they don’t have access to adequate care?
My advice to my fellow citizens is to look skeptically at what happens in this moment of fiscal calamity. For the real doctrine behind today’s rhetoric of “collapse” is not the utilitarian remedying of true needs, but the CEOs of our economy seeing an opportunity to directly infuse public funds into their veins at the expense of the common good.