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deepsquirrelnet • yesterday at 2:38 PM • 1 reply • view on HN

That and a nice slight of hand. When they coupled that with a clear removal of corporate ethics, "a business' ONLY responsibility is to its shareholders" and then removed the barriers between the private and public sector (mostly via Citizen's United)... private sector effectively just became the public sector without any accountability.

Now they can just chip away at whatever regulation is left, and create mistrust in oversight bodies and the rigging of the game is complete.

Better than communism, the government hardly even has to pretend to work for the benefit of the people, because the wealth imbalance has a closed circuit of money between private entities and elections. They can bring suitcases of cash, walk in the front door literally holding a chainsaw and prune off every olive branch extended toward the citizens.

These election "investments" are clearly paying off at high multiples now. Why spend your money in a capitalist competition when you can more efficiently spend it in public elections to eliminate competition, divert tax revenue directly into your businesses and eliminate any responsibility you should have? Do a Nazi salute for the whole world to see, and watch the propagandized twist themselves into whatever shape pretzel you ask them to.


Replies

jquery • yesterday at 3:47 PM

I’m getting unsolicited texts all the time about how the “billionaire tax” in California is the worst thing ever. No matter if you think the tax is misguided, it’ll probably work at preventing the billionaire tax from passing, but it’s a good firsthand demonstration at how power accumulating to billionaires tends to accumulate even further. Only billionaires have the resources to fight back so aggressively against any encroachment on their power.

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