How corporations are crippling U.S. prosperity

http://www.smartplanet.com/blog/bulletin/how-corporations-are-crippling-us-prosperity/2633?tag=nl.e660

“…A growing number of industries are monopolies, duopolies and oligopolies even as they claim to be in highly competitive markets. Cable, Internet and telephone provide a good example of this…”

“….We pay four times what the French do for a triple play package of cable, Internet and telephone — and they get worldwide TV, not just domestic; their Internet is ten times faster and instead of two country calling, they get long-distance to 70 countries at no extra charge. All that for $38 compared to the U.S. average of $160 including taxes. By one measure we pay 38 times as much as the Japanese per bit of information on the Internet…”

“….Large parts of our economy are corporate socialism, in which profits are privatized and losses socialized. And then there are the growing subsidies. The average family of four now spends $900 per year on state and local subsidies to corporations, more than a week’s average take-home pay for the typical family of four. These policies all take from the many to give to the favored few at the top. New Yorkers are being taxed to give at least $1.4 billion to the hereditary ruler of Abu Dhabi, who is worth tens of millions of dollars. I show how taxpayers gave $5 billion to Goldman Sachs in one deal and billions more in other deals — and Goldman makes more than one percent of all the profits of all six million corporations in America, so it hardly needs subsidies…”

It's all Bush's fault, right?

six million corporations in America,

How much profit would we have if we just got rid of all six million corporations?

I cant make a educated decision without all the data.

Thanks

nochain wrote:It's all Bush's fault, right?

It's all either bush's fault or it's all either obama's fault. And if romney gets elected it will be all his fault.
The president is like a God.

the problem is the intimate relationship with the govt... can someone think of a business or field or profession that the govt isn't knee deep in? why dont we just call it what it really is?

fascism

only fools ever thght it was right wing... it does morph with progressivism though... people ought to study beliefs before they adopt them. it doesn't usually turn out well.

ZVUGKTUBM wrote:http://www.smartplanet.com/blog/bulletin/how-corporations-are-crippling-us-prosperity/2633?tag=nl.e660

“…A growing number of industries are monopolies, duopolies and oligopolies even as they claim to be in highly competitive markets. Cable, Internet and telephone provide a good example of this…”

“….We pay four times what the French do for a triple play package of cable, Internet and telephone — and they get worldwide TV, not just domestic; their Internet is ten times faster and instead of two country calling, they get long-distance to 70 countries at no extra charge. All that for $38 compared to the U.S. average of $160 including taxes. By one measure we pay 38 times as much as the Japanese per bit of information on the Internet…”

“….Large parts of our economy are corporate socialism, in which profits are privatized and losses socialized. And then there are the growing subsidies. The average family of four now spends $900 per year on state and local subsidies to corporations, more than a week’s average take-home pay for the typical family of four. These policies all take from the many to give to the favored few at the top. New Yorkers are being taxed to give at least $1.4 billion to the hereditary ruler of Abu Dhabi, who is worth tens of millions of dollars. I show how taxpayers gave $5 billion to Goldman Sachs in one deal and billions more in other deals — and Goldman makes more than one percent of all the profits of all six million corporations in America, so it hardly needs subsidies…”

Z,Romney has already said that a corporation is a person. I think he would like seeing General Dynamics or MobilExxon as a Senator or a Congressman.