PSEUDO-CAPITALISM=SOCIALISM FOR THE RICH A social and economic critique of the current, covert state-managed US economy by Dr. Stephen Bindman, psychologist and Senior Research Fellow of the Council of Hemispheric Affairs. Mortgage System Collapses...Banks Broken... Hostage of Oil Producers...Devalued Dollar...Recession...Government Bail Outs...US Military Broken and Overextended...Phony Economic Statistics... Critics of our current economic order say we are becoming a socialistic economy. Rich banks have to be bailed out by public funds from the government. If the companies are then successful, the CEO type managers keep the profit. If they fail again, the citizens are billed for their bankruptcy. Meanwhile some individuals make huge profits from their derelict supervision of so-called public companies. This ripping off of FDR's legacy of government protection of the welfare of the average citizen is being done by a new elite class: CEO's, financiers, and other predators that have ignored their responsibilities to shareholders, employees, and their country. They have been allowed to buy the influence of politicians and have been granted protection by their fellow managerial elitists in Washington and Wall Street. This is the "greed is good" mentality of the new Super Class and its attendants. It mocks the egalitarian goals of the old socialist movement - although it is a [covertly] government planned economy. In truth is this era's form of class rule. - Stephen Bindman
About Stephen Bindman
See more books from this Author
Published October 9, 2008
Business & Economics, Political & Social Sciences.