A Quote by Gar Alperovitz
In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue.
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Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.
Nationalized industries are notorious for their inability to operate at a profit.
Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.
It's the same story as when we nationalized the banks. I'm not for nationalization because of the rhetoric of nationalization, or because I see in nationalization the cure-all for every injustice. I'm for nationalization in cases where it's necessary.
For the majority of Americans, collectivist or nationalized economy is morally wrong and therefore unjust. For them, free enterprise meets their keen sense of justice.
While boasting of our noble deeds we're careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.
For at least a decade, Millennials have been stereotyped as lazy, entitled, and stuck on social media. While that may not be entirely fair, they are notoriously liberal, overwhelmingly supporting left-leaning candidates and favoring policies like nationalized healthcare and same-sex 'marriage.'
By modernizing the process of food preservation, Birdseye nationalized and then internationalized food distribution... facilitated urban living and helped to take people away from the farms... and greatly contributed to the development of industrial-scale agriculture.
By the end of the 1950s, American cars were so reliable that their reliability went without saying even in car ads. Thousands of them bear testimony to this today, still running on the roads of Cuba though fueled with nationalized Venezuelan gasoline and maintained with spit and haywire.
In England, all the English car companies were beginning to circle the drain in a series of well-deserved failures and bankruptcies, earned by making lousy products with very poor production at high prices. So, the government, back in the '70s, nationalized all the British car companies. The result was British Leyland, a name that perhaps doesn't resonate much with you.
If you start with the presumptions that liberals do, that corporations are evil and it all descends from that and that government is great and that government's there to make sure corporations play fair and are not mean and do not rip people off, there's a little bit of truth in everything. Some corporations are bad, some corporations have done bad things, but as a general rule, it's dangerous to subscribe to things like that.
The church must never become a government factory, carrying on a nationalized industry of religion with the people as the bolts and nuts; with God reduced to the role of cramped advocate of current national policy. Surely the pages of history are replete and the examples in many a foreign country convincing that this kind of church-state union-whatever the original motives, or however noble the original purposes-winds up with a state that is less than stable and a church that is less than sanctified, and with the poor still hungry.
The debate corporation is a corporation. It's funded by corporations. It's relayed by media corporations to the public. It's created by the two parties, which are corporations. We should have public presidential debates all over America run by public institutions.
The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed. All laws on corporations, on taxation, on trusts, wills, descent, and the like, need examination and extensive change. This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations.
I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.
If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.
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