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Thursday, February 26, 2015

How The "Principle Of Shareholder Value" Undermines "The General Welfare"

In the beginning...
America was founded on government promotion of "the general Welfare."

"Founding Fathers Profit-Sharing Remedy For Inequality. 
Even Ronald Reagan Likes It!"
("The History Of Corporations In The United States. A Return To Roots?")

Does the principle of shareholder value render monetary policy useless? "In the past several years, profits have been increasingly paid back out to shareholders, rather than invested in hiring more people and paying them better. And lately, companies have even been borrowing money to make those shareholder payouts, because with interest rates so low, it’s a relatively cheap way to push stock prices higher. That’s according to a new paper from the Roosevelt Institute, a left-leaning think tank that's launching a project exploring how the financialization of the economy has unlinked corporates from the well-being of regular people." Lydia DePillis in The Washington Post
Preamble To The U.S. Constitution
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."

The General Welfare

Alan: The "keynote" of the U.S. Constitution orders "welfare" and, not just welfare but the "general" welfare.
Clearly, any verbal formulation can be spun.
Even so, the intention of The Founding Fathers is clear.

Lincoln understood this.
American conservatives don't.

Blind self-interest -- coupled with aggressive ignorance -- prevent "the right side of the aisle" from understanding "the general welfare" and "community need."

"Are Republicans Insane?"

"American Conservatives And Oppositional-Defiant Disorder"

"The Republican Party Is A Satanic Cult"

"Do Republicans Do Anything But Piss, Moan, Bitch, Whine?"

"The Party of Personal Responsibility" Is "The Party Of Personal Irresponsibility"

Republican Rule And Economic Catastrophe, A Lockstep Relationship

"Conservatives Scare More Easily Than Liberals"

Bill Maher: The Zombie Life Cycle Of Republican Lies. They Never - Ever - Die

How the death of epistemology validates rhetorical vapidity:
  1. The Guardian: "John Oliver's Viral Video Is The Best Climate Change Debate You'll Ever See"
    1. http://paxonbothhouses.blogspot.com/2014/05/the-guardian-john-olivers-viral-video.html

Stewart, Colbert, Oliver Probe The Spectacular Idiocy Of Climate Change Deniers

"The Reign of Morons Is Here," Charles P. Pierce, The Atlantic

Zillionaire Nick Hanauer: Stock Buybacks Are Destroying The U.S. Economy

Zillionaire, Nick Hanauer, A Former Free Marketeer Calls For Radical Wealth Redistribution

"The Pitchforks Are Coming For Us Billionaires"
Amazon Financier, Nick Hanauer

"The Death of Epistemology"

"People Who Watch Only Fox News 
Know Less Than People Who Watch No News"

"A Southerner Explains Tea Party Radicalism: The Civil War Is Not Over"

"Republicans For Revolution," A Study In Anarchic Apocalypticism

"Bank On It: The South Is Always Wrong"

"Why The Bible Belt Is Its Own Worst Enemy"
  1. http://paxonbothhouses.blogspot.com/2012/10/why-bible-belt-is-christianitys-enemy.html

Republican Party Is "Full Of Racists," Colin Powell's Chief Of Staff

George McGovern: "The Case For Liberalism, A Defense Of The Future Against The Past"

Conservative Norm Ornstein: The Media Ignore Republican Lunacy

"Let's Just Say It. The Republicans Are The Problem"
Conservative Norm Ornstein and Liberal Thomas Mann

"Just How Far Out Is The Republican Fringe?" Norm Ornstein (And Is It The Fringe?)

"It's Even Worse Than It Looks"
Conservative Norm Ornstein and Liberal Thomas Mann

"When Extremism Goes Mainstream"
Conservative Norm Ornstein

"The Real Death Panels," Conservative Norm Ornstein

Jindal Criticizes The Stupid Party: "Simply protects the rich so they get to keep their toys"

Bobby Jindal's Healthcare Plan: What Republicans ALWAYS Get Wrong
http://paxonbothhouses.blogspot.com/2015/02/gov-bobby-jindals-health-care-plan-what.html

Major General Smedley Butler: Do Wars Really Defend America’s Freedom?

"Politics And Economics: The 101 Courses You Wish You Had"

"Plutocracy Triumphant"
Cartoon Compendium

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"
http://paxonbothhouses.blogspot.com/2014/09/the-rich-arent-just-grabbing-bigger.html

Zillionaire Nick Hanauer: Stock Buybacks Are Destroying The U.S. Economy

Zillionaire, Nick Hanauer, A Former Free Marketeer Calls For Radical Wealth Redistribution

"The Pitchforks Are Coming For Us Billionaires"
Amazon Financier, Nick Hanauer

Taibbi: The $9 Billion Whistel Blower At JPMorgan-Chase.
Financial Thuggery At The Top

George Soros: On The Coming Class War In The United States

Major General Smedley Butler: Do Wars Really Defend America’s Freedom?

G.K. Chesterton: "The Anarchy of The Rich"

G.K. Chesterton and Warren Buffett's Class War

"War, Peace And Political Manipulation: Quotations"

"Pope Francis Links"

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