Re: [Marxism] Bankruptcy Is Vital to Capitalism

[J Rothermel <jayroth6@xxxxxxx>]

Not so very long ago WESSEL quoted from Robert Reich's blog a short rant 
captioned "The People Are Rising " that read, in part:

   ....over the last few years Congressional Republicans gave away the
   store to big corporations and the rich, and robbed average working
   people. At the behest of the credit-card industry, they made
   personal bankruptcy almost impossible, while allowing big companies
   to declare bankruptcy and rid themselves of pension and health
   obligations to their workers. At the behest of the oil and gas
   industry, they gave away billions in subsidies, while oil companies
   got record profits and most people paid through their noses for gas
   and home heating oil. At the behest of the drug companies, they
   created a Medicare drug benefit that prevented Medicare from using
   its huge bargaining leverage to get lower drug prices for the
   elderly. At the behest of chain stores and the fast-food industry,
   they blocked the minimum wage from catching up with inflation. At
   the behest of corporate America, they got rid of overtime pay for
   millions of hard-working Americans. At the behest of the richest,
   they created tax cuts that made the rich even richer, while cutting
   housing assistance and health care for poor kids.

The fantasy that the Democrats were not complicit in this aside-- it is 
a useful summary.






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