December 2016 AD
Crony Capitalism
Part 2
Breitbart's boycott against Kellogs
You see, the days when corporate
chieftains were plump Republican harumphers, always railing against
liberalism, are long over; today, the new-style CEO is more likely to
be an ideological hermaphrodite, constantly groomed and loaded with
talking points, ready to appear onstage at some corporate benefit or
roadshow alongside Oprah or Arianna.
Moreover, this new breed of CEO is
probably at pains to emphasize his or her “sensitivity” to any and all
issues of “gender.”
Indeed, he or she is likely always willing to write
a big check to politically correct activist groups (using shareholder
money, of course).
Given this new kind of corporate culture, it’s no wonder that during
the 2016 presidential election, The Wall Street Journal surveyed the
CEOs of the 100 biggest American companies, finding that while Hillary
Clinton had plenty of support, none of them—zero—backed Donald Trump.
A short aside...
A wise mantra:
"If it's a plant,
eat it,
if it's made -- in a plant,
boycott it |
Breitbart was in shock!
Kelloggs had decided to boycott Breitbart by pulling its advertising.
How dare them!!!
Naturally, in return, Breitbart is now calling for a boycott of Kelloggs.
Please follow this train of thought and I will ask a question at the end.
1) Kelloggs is in the Midwest region of Battle Creek, Michigan, buying
cereal grains from all over the Midwest. The area of the country which put Trump over the top to win the election.
2)
In Breitbart's boycott, let's say they were successful enough with the
50% crowd who were for Trump, that Kellogs would be forced to closed
50% of its production plants; meaning, plenty of people who voted for
Trump and work at Kelloggs would lose
their jobs.
3) In addition, the 401k funds of the Kelloggs workers, who are
invested in Kelloggs' stock, would see the value of their stock cut in
half, just when these out of work citizens needed their life savings.
4) Meanwhile, if the CEO had a previous bonus of $10 million dollars,
he would have to cut his bonus to half. Oh the horrors of having to
live on only $5 million dollars!!!
5) New elections again in 2 years with possibly a lot of unhappy and angry
unemployed people in the Battle Creak area, not knowing what hit them.
So... Did you see any problems with this picture????
That's right, the only individual NOT hurt by the boycott is the bad leftist guy, the
CEO.
And that is because he is NOT the owner of the company.
In fact, the
401K workers were the owners and they are the ones who are the losers.
Meanwhile, as we will show later, the 401k owners of the corporation
have no way of firing the guy. The CEO will still have a job, still
wreak havoc, and will still
make a great bonus; albeit, a smaller one.
In fact, probably NONE of the Board of Directors who hired the CEO, are actual owners!!!
What? But by definition the BOD has to be the owners of the
stock. Nope, they were all voted in by proxy vote. Again, as shown
below.
And that is the subject of the remainder of this article on crony capitalism -- How all
our major companies are ran by people who did not create the company,
and who did not personally put up any of the money to buy the company
from the creator, but still legally run the corporation and call all
the shots.
The members of the Board of Directors (BOD) have no real skin in the
game --
They don't really care about the best interests of the company, or its
employees, or its investors, or apparently of its very own customers
they are
inflicting with diabetes feeding them Pop Tarts -- Please note that the
BODs of these corporations are largely Jewish or doing the bidding of
Jews.
And boycotts only hurt the ones doing the boycott.
This is the crony capitalism which should be the main focus of a Trump administration.
Crony Capitalism #2
From Mark Levin's statement in the last article, Crony Capitalism Part 1, he ignorantly (or deceptively) believes
that crony capitalism begins and ends at the government door.
So in Crony Capitalism Part 1 case, all-knowing Mark Levin believed United Technologies,
parent of Carrier, is just a plan, old, all-American corporation being
put upon by a government getting into its business; hence, crony
capitalism.
The problem comes when you finally come to the realization that United Technologies has in fact
morphed into an altered hideous creature of the government, which fostered and allowed the crony
capitalism.
Same
goes for Kelloggs who funds leftist Soros for purely liberal causes
having nothing whatsoever to do with selling Pop Tarts. Kelloggs should
be in the business of placing cereal advertising in front of the 40
million readers of
the right of center Breitbart, hoping to sell to that demographic, but
they decided not too.
Kelloggs boycotted themselves, by not trying to sell cereal to conservatives.
Kelloggs boycotting Breitbart is proof they don't want the cereal business. That they are no longer a cereal company.
In
a word, in both cases, the business of Carrier and Kelloggs, are
clearly a party to the crony capitalist, not just the government.
They were not always that way, but these companies today and many
others like them were high-jacked for another agenda, a Jewish agenda
of course.
What a REAL company is
Real companies are started by an individual with a love and passion for
their product or service. They are customer-is-always-right focused. If
the customer likes the product - great. If the customer does not like the product or service, the
customer is right, and he changes to adopt what his customers really
want and need.
Pretty fundamental. He controls nothing -- the customer controls everything.
Hence, Walt Disney was a huge success. Thomas Edison and Henry Ford were likewise.
The problem arises when the owner dies or retires.
The question is, "Who now runs the corporation they so lovingly created?"
Transition from a REAL company to Crony Capitalism
By the time the founder leaves, these companies are often massively capitalized, so no one
person has the money to come along and buy it, like you would sell an old car to a
neighbor. These corporate buys would be equivalent more to selling a nationwide fleet of
cars to your neighbor. None of your neighbors could afford to buy your fleet of cars.
To get around this problem, the stock market arose and shares of the
total company were sold. A million shares could be sold to a million of
your neighbors.
So thanks to the stock market, selling one's company now became entirely feasible.
But who would now run the day-to-day operations? Surely not a million bosses!!
Which one of those millions of owners of the corporation are the one
who would run the corporation like the successful founder envisioned?
Well, you take a vote among the million owners of who will run the
company.
And if you could not make the election, you could grant your
vote to another owner you trusted so they could vote for you by proxy.
The proxy vote is where the trouble arises.
But for now,
all is well and good, as managers who did well, as in kept the customer
happy and buying the company's products, which kept profits high,
tended to keep their jobs, while managers who did poorly got fired.
This is where the crony capitalism crept in...
What a Crony Capitalism company is
Government created 401k funds -- for you and me.
Wall Street sold everyone, the government, you and I, on the idea of the 401k:
- As a means of letting us control our own retirement funds, instead of our company controlling it for us. It was FREEDOM!!!! Making voters happy, which got legislators re-elected.
- An additional selling point was you could take your
retirement with you, so you were freed leave one company to up to go
where your skills were most needed. The golden handcuffs were taken
off, which were keeping you in one place in fear of losing your
retirement. More FREEDOM!!! Again translating into more
votes for legislators.
- You were told your retirement funds would be
"diversified" in many, many companies, so the risk was lower, than in
keeping them all in Enron stock, which went bankrupt and bankrupted
many a retirement. Safe 401k Funds kept you FREE!!! And the
government was look to to keep them safe, and votes for the government
guy.
- You were enticed into the 401k with a tax inducement
- a tax deferral. Thanks government man for the free
gift!!! Guess I will vote for you!!!!
- And lastly, YOU would become an owner of Corporate America!! You
were FREE!!! and everyone else your SLAVE!!! And you thought your
government guys was your slave for creating the 401k which made your
life so wonderful.
Haha on you, because the first and last point are simply NOT
TRUE!!! While the second ties back to the first and the third
ties ahead to the last.
Again, those were just WALL STREET selling points.
These Wall Street leeching Jews do nothing of value to society but buy and sell stocks.
And that buying and selling we will prove actually harms society.
The real agenda was for Jews to take control of your retirement funds
from the Christian management of the company for which you worked, so
they could lay off the Christian management, and eventually, you as
well.
With you and I -- the masses -- still believing we were the ones actually in control.
(A lot like the idea of democracy, where we are presented by the
Judeo-MSM with the two choices our Judeo-MSM masters have selected for
us to vote for.)
Here is How the Jewish Scam Works
Sure you can opt out of the 401k program at your work and directly buy company stocks -- cutting out the middle man.
But the government had a "better" idea.
You would invest your money in "Government approved" 401k funds, and to get you to play along, they gave you a tax deferral.
With a government 401k program, you were no longer an owner of a share of an American corporation
making products, goods and services.
Instead, you were now merely renting out your money to an owner of a
corporation (commonly called a "fund"),
that invested YOUR MONEY by buying shares of other corporations -- in
your name - while promising a much bigger overall return on your
"investment" than you could make in the stock market on your own.
Your
proxy vote was automatically granted in the fine print on the
prospectuses these Wall Street 401k fund managers fraudulently promoted.
Those fund managers funneled billions of dollars from millions of
Americans into their bank accounts. With these monies, they bought
controlling interests in critical major corporations, and by doing
so, gained for themselves the rights of ownership to decide who would
be on and off the Board of Directors.
All in your "best interest" of course. After all, it's YOUR MONEY!
These fund managers were largely Jews from New York City who turned the
fly-over corporations into huge communist communes for their Judeo-buds.
Their Judeo-buds running the corporations out-sourced as much of the
business as they could while in-sourcing as much of the labor they
could, because, after all, the government allowed it all, and after
all, they were only there to maximize your rate of return in your 401k.
Please let this sink in deep and hard.
YOUR GOVERNMENT gave YOU a TAX BREAK to induce YOU to allow YOUR
COMPANY to
create an 401k investment plan; wherein, you invest YOUR HARD EARNED
MONEY with Jewish fund managers, who in turn run the company you work
for in Jewish interests, who then outsource YOUR JOB!!!
How's that for circular crony capitalism?
Source: Breitbart News
by Virgil 3 Dec 2016
In 1934, when the Chinese communists were defeated and driven out of
the cities, Mao Zedong led his surviving forces on The Long March to
safety in the rural hinterlands. From that distant refuge, he began
rebuilding his forces. And after more than a decade of preparation, in
1949, Mao’s communists recaptured the cities, and thus the whole
country of China. To the international left, that’s an inspiring
comeback story.
Now today, after the Democrats have lost the White House as well as the
Congress, the American left finds itself out of power in Washington,
DC. And yet this new crop of exiled leftists won’t have to march very
far to find safe harbor; basically, they will just have to walk across
the street. That is, they can find shelter in familiar sanctuaries: the
media, the academy, the think-tanks, and the culture in general. It’s
from these friendly sanctuaries, as Politico has lovingly detailed,
that the Democrats are already plotting their comeback.
And oh yes, increasingly, the left is finding a happy home in corporate America.
Yes, corporate America. Yes, even corporate America in Battle Creek, Michigan.
You see, the days when corporate chieftains were plump Republican
harumphers, always railing against liberalism, are long over; today,
the new-style CEO is more likely to be an ideological hermaphrodite,
constantly groomed and loaded with talking points, ready to appear
onstage at some corporate benefit or roadshow alongside Oprah or
Arianna. Moreover, this new breed of CEO is probably at pains to
emphasize his or her “sensitivity” to any and all issues of “gender.”
Indeed, he or she is likely always willing to write a big check to
politically correct activist groups (using shareholder money, of
course).
Given this new kind of corporate culture, it’s no wonder that during
the 2016 presidential election, The Wall Street Journal surveyed the
CEOs of the 100 biggest American companies, finding that while Hillary
Clinton had plenty of support, none of them—zero—backed Donald Trump.
Meanwhile, at a notch below the CEO level, the revolving door between
the Democratic Party and corporate America is spinning rapidly. Former
White House press secretary Robert Gibbs, for example, is now an
executive vice president at McDonald’s. And Gibbs’ successor at the
press-room podium, Jay Carney, is a senior vice president at Amazon.
And former Obama campaign manager David Plouffe now has a big gig with
Uber.
So we have to ask: Why are so many businesses hiring these big-name Democrats? What’s going on here?
To be sure, some might say that it was necessary, as a matter of sheer
survival, for corporate America to hire Democrats when the Democrats
had occupied the White House. And yet on November 21, 2016, two weeks
after the election that left Democrats in the cold, Hilton Hotels
announced the hiring of another high-profile member of the Obama White
House, Katie Beirne Fallon, as its new “senior vice president and
global head of corporate affairs.”
As Hilton’s press release details, “corporate affairs” includes not
only communications and “government relations” (lobbying), but also
“corporate responsibility”—that is, money for charity, which is often
defined as tax-deductible gifts to leftist advocacy groups.
Furthermore, we can assume that Fallon will be receiving salary and
bonuses in the high six figures, maybe even seven figures. In other
words, Hilton has just handed Fallon the kefys to its kingdom, even
though there was no political necessity to do so. So perhaps her hiring
wasn’t a matter of necessity at all—maybe it was affinity. That is,
Hilton actually preferred Fallon, even over a Republican who could do
the company more good in a Republican-controlled Washington.
So now we come to corporate America in Battle Creek, Michigan—namely,
to Kellogg’s. And we might ask ourselves: What would Fallon—who worked
for Sen. Chuck Schumer (D-NY) prior to her stint in the Obama White
House—likely think about Kellogg’s decision, announced on November 29,
to boycott Breitbart? After all, Hilton, too, is a big advertiser, and
Breitbart has 45 million readers, so the question is sure to come up at
Hilton HQ.
Of course, we might never know what Fallon has to say about Breitbart.
Yet in the meantime, we can gather clues; we know, for example, that
some of Fallon’s former White House colleagues are still possessed by a
strong hatred for this site.
So now we are starting to see that Kellogg’s strike against Breitbart
wasn’t just some goofy PR stunt; instead, it was another step in what
the left and the Democrats hope is a not-so-long march back into power.
Yet this latest step seems to have plunked the cereal maker into a
pothole: Breitbart is fighting back. This site has launched a
counter-boycott campaign that has already attracted more than a
quarter-million signatories. Meanwhile, investors have been warning
Kellogg’s against persisting in this course of action, even as
Kellogg’s stock drops. Thus the battle is joined: #WAR.
Meanwhile, as we wait for more news from the battle of Battle Creek,
let’s make ten points that provide some context for Kellogg’s action:
1 — Kellogg’s attack on Breitbart is new for Kellogg, but such attacks are not new for the left.
In fact, the left has long understood how to use its power within every sort of institution, including corporate America.
Back in the 1930s, the Italian communist Antonio Gramsci coined the
phrase “march through institutions” to describe the advancement of
communism/progressivism in the West. That is, it would be cautious
evolution, not violent revolution.
And come to think of it, moving through heated offices is a lot more
pleasant than camping in the outdoors. The left even has its own term
for this deliberate entering of institutions, “entryism.”
So whereas the Chinese communists had to live off the land, in Europe
and America, leftists have preferred to live off someone else’s
money—and it doesn’t much matter if the money is from taxpayers,
trust-funders, or shareholders.
Indeed, over the decades, guided by such wily figures as Saul Alinsky,
the left has refined its “entryist” tactics. In addition to leftists
working their way into the corporate system—such as Fallon at
Hilton—the left understands how to deploy angry protestors, determined
boycotters, activist shareholders, Naderite litigators, and media
chatterers to “shape the battlefield.” The results of such shaping can
be profound: That is, in the midst of a leftist siege, corporate
leaders—even if they happen to be Republican—come to realize that the
path of least resistance is to give the left what it wants. And for the
left, Kellogg’s advertising budget is merely the latest asset it has
seized.
2 — Corporate America is more left than right.
Okay, it’s probably the case that across the country, more businesspeople and entrepreneurs are on the right than on the left.
However, as executives rise through the ranks, the temptation to move
left looms larger. And why is that? One reason is that the left,
working through the Main Stream Media, does a great job of dangling
liberal carrots. That is, the MSM is always highlighting, and
lionizing, those “visionary” business leaders who are Democrats and
liberals, starting with Warren Buffett, Bill Gates, and Howard Schultz
of Starbucks. (We might note that when Schultz announced his retirement
on December 2, The New York Times, after lauding him to the skies,
eagerly speculated about his future in politics, even presidential
politics.)
And if carrots by themselves don’t work, there’s always sticks.
Suppose, for example, that a company is under fire for some misdeed,
real or imagined. So now the MSM left can make an offer that many a CEO
can’t refuse:
Do you want to get out from under your public relations problem?
Moreover, do you want really to bounce back—and become a hero to the
media? If so, then you’d better come out strongly for left-wing causes,
such as, for example, gay marriage.
This is a cynical game, to be sure—but it works. Five years ago, the
Wall Street firm of Goldman Sachs was still under a lingering cloud
because of the Great Recession, and it was under immediate assault from
the guerilla-theater crazies of Occupy Wall Street.
And lo and behold, that was exactly the moment when the embattled
company’s CEO, Lloyd Blankfein, announced his support for gay marriage.
At that point, the media storm clouds parted; in fact, the next thing
Blankfein knew, he was honored to host Hillary Clinton at no less than
three different speaking engagements. Yes, that’s how the MSM’s
carrot-and-stick system works.
Moreover, while we’re on the subject of the Clintons, we should note
that CEOs have long understood that, if they know what’s good for them,
they should give generously—using shareholder money, of course—to the
Clinton Foundation. Moreover, they should hire such Clinton-connected
lobbyists as Teneo or the Podesta Group.
As we can see, today we no longer have the fusty capitalism of the
top-hatted man on the Monopoly game cards. Instead, we have the slick
optics-obsessed capitalism of such well-wired media maestros as Elon
Musk and Richard Branson.
And speaking of companies and the media, we all know that TV,
Hollywood, and the music industry are solidly on the left. Yet it’s
less understood that the meme-generating elements within just about
every company this side of Chick-fil-A are totally in the hands of
leftists and liberationists.
And that matters, because, as the late Andrew Breitbart always said,
“Politics is downstream from culture.” That is, politics is shaped by
the attitudes and assumptions of the culture-creators.
Thus it’s easy to see how Kellogg could make the mistake it has made in
picking a fight with Breitbart and, by implication, all Americans on
the right. Without a doubt, the “experts” at Kellogg—in its
communications, community relations, and other touchy-feely
departments—assured top leadership that boycotting was the smart thing
to do. And of course, the same viziers surely wrapped their argument in
the latest PC jargon, as reflected in the words of Kellogg’s
spokesperson Kris Charles:
We regularly work with our media buying partners to ensure our ads do
not appear on sites that aren’t aligned with our values as a company.
We must pause to puzzle over this statement: What specific Kellogg “values” did Breitbart supposedly violate?
And if Kellogg is suddenly so finicky, we must ask: Why, then, does
Kellogg deign to sell its products, according to its website, in 180
countries, including China? And also, while we’re at it, why is
Kellogg’s operating in such oppressive, murderous, and even genocidal
countries as Saudi Arabia, Syria, and the United Arab Emirates? How do
those cynical actions square with Kellogg’s values, and the values of
its customers—and former customers?
This might be a good time to pause and note that from 1999 to 2005, the
CEO of Kellogg’s was Carlos M. Gutierrez, who left that post to become
Secretary of Commerce in the Bush 43 administration, where he was a
strong supporter of George W. Bush’s ill-fated immigration-amnesty
proposal. Since leaving the government, Gutierrez has been ensconced at
the Albright Stonebridge Group—yet another Clinton-connected DC
lobbying shop. And from that posh perch, earlier this year, Gutierrez
trashed Trump and endorsed Hillary.
So now we might ask: How hard is it to imagine that Gutierrez, as a
former CEO, might still have some influence at Kellogg’s? And how hard
is it to imagine that Gutierrez harbors a strong dislike for Breitbart,
which for so long has been on the barricades, fighting against the
amnesty dear to Gutierrez’s heart? So now, if we put those two
questions together—presto!—out comes a heartfelt endorsement of
Kellogg’s boycott.
3 — The perspective of the governing elite is at variance with that of the governed population.
To be sure, there’s nothing shocking in the thought that different
people, depending on their status, see things differently. That was
certainly true, for example, when the French King Louis XVI’s wife
Marie Antoinette, enjoying her gilded life at the palace of Versailles,
supposedly said of the starving peasants, “Let them eat cake.”
Yet here in America, we like to think that we are one country and one
people. And so when things get out of alignment, and when the affluent
elite become too insular, savvy people make use of corrective
mechanisms.
For instance, here’s a revealing November 21 headline in The Wall
Street Journal: “Advertisers Search for Middle America: Trump’s win
spurs concerns that ad agencies are out of touch with consumers.” As
the Journal explained, well-off ad men and ad women had been making the
narcissistic mistake of believing that all their customers were like
them, or wanted to be like them: “Too much advertising falsely assumes
that all U.S. consumers desire to be like coastal elites.” And so to
fix that problem, the smarter ad companies are now seeking to spread
outside their bicoastal enclaves, so that they can stay in better touch
with their customers.
Still, the gap persists, and it may even be getting wider. The extreme
wealth of New York City—the major citadel for Democratic money—is well
known. And the other Democratic citadel, of course, is Silicon Valley
and the San Francisco Bay area. In fact, if one adds the Boston area to
the mix, one can account for most Democratic campaign contributions, as
well as for about a third of all Democrats in Congress.
So for Democrats, the money is good, and yet it’s hard to get a good
national perspective from within any of these rarified ideological
hothouses. Some further insight into this isolation phenomenon comes
from Stephen K. Bannon—the former executive chairman of Breitbart, now
on leave to serve in the Trump administration—who last month told The
Hollywood Reporter that the new kind of ultra-lucrative algorithmic
tech-capitalism has addled the brain of both plutocrats and Democrats:
They were talking to these people with companies with a $9 billion
market cap employing nine people. It’s not reality. They lost sight of
what the world is about.
Of course, even if successful startup apps can turn a few
twenty-somethings into billionaires, there are far, in fact, millions
of people who are part of the overall social setting.
And thus we come an important category within, or just below, the
elite: We might be tempted to call it the “sub-elite,” although a more
common phrase is the “New Class.” The New Class consists of well-paid
bureaucrats and technocrats, of the type that abounds in Washington,
DC, although they are, in fact, to be found in every big city.
To be sure, these New Classers might not be billionaires, but they are
well paid: Four of the five richest counties in the US are in the DC
metro area. (Interestingly, one of those jurisdictions, Fairfax County,
Virginia, is home to Hilton Hotels.) So even if the New Class aren’t
billionaires, with their fat salaries, they are easily
millionaires—especially if they own a house inside the DC Beltway.
This New Class, we can quickly gather, runs the government—or at least
aspires to do so. And for obvious reasons, the New Class has a huge
influence on the private sector. Indeed, as we have seen, there’s much
revolving-door job-shuffling. And that’s how Kellogg’s got to be the
way it is: Because so many Lois Lerner-types—you remember her, the
scourge of the Tea Party, operating from the DNC outpost at the
IRS—have carved out even cushier careers in corporate America,
We can add: DC, this seemingly glittering Emerald City, fully paid for
with tax dollars, is, on closer inspection, the swamp that Trump has
pledged to drain. Let’s wish him luck!
4 — Power corrupts, absolute power corrupts absolutely. And the power of wealth, too, corrupts.
The phrase “limousine liberal” has stuck for a reason: It perfectly
describes the mindset that comes to someone who is insulated from harsh
reality by money, flunkies, and bodyguards. Limousine liberalism is the
ignorance that comes from isolation, and obliviousness makes it easy to
be a liberal. After all, from the perspective of someone so protected
and cosseted, how bad can, say, the crime problem be?
Well, we can say this: The New Class is bad enough in its smug
obtuseness, and liberal CEOs are even worse in their awful arrogance,
and yet the pampered aristos of the capitalist plutocracy—oscillating
between personal decadence and political guilt-trips—are the worst of
all.
The first thing to know about these inbred billionaires is that they
get to be liberal “for free,” in the sense that they can pat themselves
on the back for their “compassion,” without having to pay the taxes
that liberalism imposes on the rest of us.
You see, many, if not most, owners of big capital have managed to get
their money offshore—and if they didn’t, their ancestors did. That was
the case, for example, of “progressive” Penny Pritzker, heiress to part
of the Hyatt Hotel fortune, named by Obama in 2013 to be secretary of
commerce. When eyebrows were raised about her overseas billions—where
the money was out of reach of the taxman, but still within reach of
her—Pritzker’s defense was, in effect, that everybody does it. Or to be
more precise, everybody who inherited a ten-digit fortune does it. And
what was further said in her defense—that it was her parents, not she,
who had stashed the cash, and that Mitt Romney did it, too—isn’t
actually much of a defense.
Once again, it’s easy to be a liberal if someone else pays. That’s the
case, for example, of Bono, front-man for the rock band U2, now
striving to win a Nobel Peace prize, or perhaps better yet, to be
sainted in the church of secularism. He’s also a notorious tax-dodger,
and yet most liberals don’t care, so long as the rest of us proles pay
our taxes.
In fact, the estimates of the total wealth, worldwide, that’s been
offshored to secret bank accounts run to the many tens of trillions of
dollars. But of course, nobody really knows the true amount, so we have
to rely on mere glimpses of this financial funny-business. And we were
recently given a peek in the form of the recently leaked Panama Papers,
which further reinforced the perverse realization that tax-cheating
shenanigans must be okay—although only so long as the amounts are large
enough.
And even more recently, relying on documents provided by an estranged
ex-wife, The New York Times printed copious detail on the mostly
successful efforts of one entrepreneur to hide his $400 million–all of
it made just in the past two decades—somewhere in the shadowlands of
financial finagling.
We can add: It’s bad enough that the idle rich don’t pay their fair
share of taxes, but what’s even worse is that their idleness, plus
their wealth, allows them to degenerate into liberal-left nitwits and
merciless green Malthusians.
And so it’s a safe bet that some of the biggest owners of
Kellogg’s—that is, the heirs and trust-funders playing at being Social
Justice Warriors—are delighted that Kellogg’s is taking a “strong stand
against hate,” believing everything that their Rasputin-like handlers
are telling them about the right.
Thus we see, in its awful plenitude, the full intellectual corruption
of the elites, which vastly transcends the financial corruption that of
course surrounds and enables them.
To cite just one sorry example, there’s the Rockefeller Family. Many
generations ago, John D. Rockefeller made his billions in the oil
business; the largest of the many companies descended from
Rockefeller’s Standard Oil is now known as Exxon Mobil. And yet today,
after a century-and-a-half of living the luxe life on John D’s money,
much of the extended family of trust-funders is moving to oppose
ExxonMobil in the name of combating “climate change.” To be sure,
today’s Rockefellers aren’t volunteering to give back any of their
wealth, but they want the rest of us to live like Hobbits so that they
can have a clean green conscience.
Of course, we could cite thousands more such cases, in which too little
work plus too much money have savagely scarred the psyches of our
“betters.”
5 — The Problem of Donor Intent.
It’s a familiar pattern: A mogul works hard, builds a business, and
then, in a final act of altruistic generosity, leaves a giant bequest
to a foundation or philanthropy. And oftentimes, the tycoon’s last will
and testament stipulates that the activities of the foundation
accurately reflect the values of the benefactor.
And yet soon thereafter, the survivors—family members and their
lawyers, plus assorted other opportunistic jobbers and
hair-splitters—find a way to distort the benefactor’s wishes. And so it
was, for example, that Henry Ford, an arch conservative, inadvertently
ended up endowing the left-wing activism of the Ford Foundation.
Indeed, this disturbing phenomenon is so widespread that it was closely
explored by the author Martin Morse Wooster in a 1998 book, The Great
Philanthropists and the Problem of “Donor Intent.” As Wooster
documented, the huge fortunes of Rockefeller, Ford, and Andrew Carnegie
were mostly—even entirely—dedicated to charity, and yet the ideological
slant of their charity was bent, even reversed, by others. And that’s
also been the story of, for example, the JM Foundation, the Duke
Endowment, and the Pew Charitable Trusts. As Wooster puts it, in each
case, “donor intent has been disregarded or brazenly violated.”
To cite another instance, it’s not likely that Will Keith Kellogg, who
died in 1951, would have wanted his money to go to George Soros and the
Tides Foundation—but that’s where it’s going.
Nor is it likely that Kellogg would have wanted the W.K. Kellogg
Foundation to hire staffers who pile praise on Fidel Castro–but again,
it’s too late. Old man Kellogg is dead, you see, and yet his namesake
foundation lives on, albeit probably doing the exact opposite of what
the donor intended in his bequest.
6 — Activism can be a good business—or worse.
As the 20th century philosopher Eric Hoffer once observed, every new
entity starts out as a crusade, becomes a business, and then turns into
a racket.
And so it is with social-justice warrior-ing. You see, not all of the
nation’s politically correct comrades are rich—some of them have to
“work” for a living.
This new kind of career-category was visible in the “astroturf”
protestors, funded by George Soros, who suddenly appeared in the wake
of the recent unrest in Ferguson, Missouri, where the hireling thugs
proceeded to make all the problems worse. And the same Soros signature
has been evident everywhere since the recent election.
Yet the money-source isn’t just Soros. In many cases, naive—or perhaps
cynical— liberals have been financing the activism in small-sized
dollops. And so another kind of racket has been born—crowdsourced
craziness. As author Ian Miles Cheong wrote recently:
Some, like Randi Harper, receive thousands of dollars a month for
mission statements as vague as “creating online activism” while they
spend most of their days on Twitter belittling gamers and arguing with
video game peripheral manufacturers over innocuous tweets.
So looking ahead, don’t be surprised if activists suddenly appear to
support Kellogg’s, to protest Breitbart—or both. All it takes is money,
and the left has plenty of that.
7 — Political warfare by other means—“Lawfare.”
Ever since the heyday of Ralph Nader in the 1960s, the left has turned
litigation into a kind political combat; indeed, there’s now a useful
term for it: lawfare.
Every time you see a left-wing lawyer working judges and the courts to
achieve some political objective, that’s domestic lawfare. Yes, every
lawsuit that lets criminals go free, every consent decree that forces
governments to spend more money on some PC program, every threat of
legal action that forces a small town to take down its Christmas
tree—that’s all lawfare.
So who pays for lawfare? Chances are, you do. That is, the law-warriors
might be receiving payments from some non-profit or donor, in which
case we are all chipping in with the tax-subsidy. Or perhaps these
lefty legal entrepreneurs are operating “on the come,” hoping to win a
fat contingency fee. Or maybe they simply work for the government.
Perhaps the most egregious example of lawfare has been New York State
Attorney General Eric Schneiderman’s multi-state effort to loot
billions from the same ExxonMobil—once again, for the same “good
cause,” “climate change.” Schneiderman seems to have lost the first
round, but without a doubt, he and his government lawyers, plus
activist allies, will be right back at it soon enough—the money is
irresistible.
So don’t be surprised if some courtroom cossack tries to sue Breitbart.
Now the reader might ask: On what possible grounds? The answer: Who
knows? And yet it’s likely that some leftist somewhere will think of
something, if only to grab a headline or two.
8 — Digital Media is especially susceptible to leftist penetration.
Anyone who reads Breitbart—anyone who reads, period—knows all about liberal bias in the media. And the same with TV.
Yet as bad as that bias might be, at least it can be seen. That is,
when The New York Times, or the Bezos Post, or George Stephanopoulos,
commit their familiar atrocities against fairness, we can all easily
detect it.
But now there’s a new kind of bias: online digital bias. And that’s
much harder to detect, because it can’t be seen. That is, the Internet
surfer is not likely to know about what’s not shown on the screen—in
other words, what’s been made to disappear by an algorithm.
This digital bias is at the heart of the current Main Stream
Media-propagated debate over “fake news.” In the MSM’s relentless
telling and retelling, “fake news” is the unique product of “right-wing
fever swamps,” including, of course, Breitbart and other carriers of
real news.
For openers, there’s the remarkable case of Reddit, which was supposed
to be an absolute free-speech haven. Yet Reddit seems to have used
sneaky algorithms to suppress conservative thinking, and more recently
it has engaged in some astoundingly un-sneaky censorship: An actual
person—the CEO of the company, no less—has personally been doing the
thought-policing.
All the facts aside, the MSM has its solution at the ready: make the
“fake news” disappear. And this can be done, of course, by jiggering
the algorithms at Google, Facebook, and other big digital companies.
News accounts of this sort of subtle bias are almost too numerous to
chronicle, but here’s a start, for both Google and Facebook.
In fact, it’s Facebook, which has eclipsed Google as the single most
important news hub, which now finds itself under particular pressure to
“do something” about right-tilting content, or, as the left prefers to
call it all, “fake news.” And of course, in the collective mind of the
left, to “do something” means finding a way to suppress non-leftist
thinking.
Indeed, Facebook is being flooded with ideas to “improve” the news. One
such offers to “help” came in the form of this stunningly self-serving
entreaty from Margaret Sullivan, appearing in The Washington Post on
November 20, headlined, “Call it a ‘crazy idea,’ Facebook, but you need
an executive editor.” (The reader only gets one guess as to who
Sullivan thinks would make a great executive editor.)
And all the lefty pressure on Facebook, overt and covert, seems to be
having its desired effect. Just on December 2 came this headline:
“Facebook working on a plan to pick news from favored media partners.”
Ah yes, “favored media partners.” It doesn’t take a genius to figure
out where right-of-center media would end up under that system—although
it would take a steamshovel to uncover it and actually see it.
Meanwhile, the left, making its neo-Gramscian “march through the
digital institutions,” has scored some substantial successes: On
November 23, AppNexus, a New York City-based digital advertising
network, announced that it was blacklisting Breitbart.
To be sure, a few plucky rival companies, such as OpenX and Pubmatic,
have jumped into the vacuum, proclaiming their iron-clad determination
to keep advertising free and open, and that’s heartening. Virgil has no
reason to doubt the sincerity of these brave corporate players, but, as
we have seen, the pressure from the left to censor the right is
relentless. So it will take a lot more than earnest protestations to
protect free speech; it will take, in fact, an enormous technical
sophistication on the right to verify each and every promise of
algorithmic fair play.
9 — Crony Capitalism isn’t just about making windfall profits—it’s also about naked political power.
For a long time, the political right has understood that governments
can be oppressive. And in addition, the right has further understood
that when governments and corporations get in bed together, the
resulting “crony capitalism” can be costly to both consumers and
taxpayers.
Yet now the right must come to a further realization: Crony capitalism
can deprive the people of more than money; it can deprive them of their
freedom. And in the course of this suppression of liberty, companies
can be just as guilty—or even guiltier—than the government.
To be sure, it’s almost always the government that has the muscle and
the weapons to put the literal iron in the iron fist. So as a result,
some conservatives cling to the view that it’s all the government’s
fault—that companies are blameless in the actual oppression.
And yet that view is naive, because in a complex economy, governments
rarely act alone. They almost always act in cahoots with some private
interest, however parasitic.
We are all familiar with the efforts of solar-panel makers to legislate
and litigate a cheaper alternative—that is, hydrocarbon production
(oil, natural gas, coal)—out of existence. And yet such political
action is almost benign, compared to what’s been happening in the
American West, where private investors have been actively colluding
with the Obama administration and other Greens to push ranchers off
their land by force. It’s a brutal, even deadly process, as Virgil has
detailed here, and here.
So with all that as a backdrop, we can see more clearly what the left has been doing to digital free speech:
Today, it’s giant corporations, as much or more than the government,
that have been acting as “progressive” thought police. And yet these
corporate bigs insist that they aren’t technically censoring anyone,
because they’re not a government entity; it’s the state that’s
silencing the voices that they don’t want heard.
Yet when corporations control all the platforms necessary for speech,
the stifling effect on an individual’s free speech is nevertheless the
same, whether it comes from a private entity or a public entity. We
might recall, for example, what ESPN did to baseball
legend-turned-sportscaster Curt Schilling. And it all happened to
Schilling without any of the usual-suspect self-declared champions of
the First Amendment batting an eyelash.
Yet while the PC left was cheering Schilling’s dismissal, too many on
the right failed to comprehend the full implications of the sacking:
Namely, that an attack on free speech is an attack on free speech,
period. And the source of that attack, public or private, is less
important than the attack itself.
10 — And so the populist-nationalist right must think hard about needed reforms.
If corporate America is just as capable of crushing the individual as
is the government—and indeed it is—then conservatives need to rethink
their overall strategy. That is, it’s not enough to keep an eye on
Uncle Sam, it’s also necessary to watch out for the Fortune 500. And of
course, the myriad “lawfare” groups, starting with the highly
weaponized ACLU, also should to be watched closely.
Of course, no single citizen can keep track of all these threats to
freedom, let alone stand up to them. And so at some point soon—like
now—it’s going to take political action to put a stop to these
corporate encroachments on our privacy, our autonomy, and our dignity.
Yet in the meantime, many Americans on the right have tended to think
of the private sector as an ally against the public sector. But as we
have seen, that view has now been overtaken by events: If the left can
gain control of Kellogg’s, sitting out there in the middle of Michigan,
it can gain control of anything.
Thus the right needs to reassess its stance in regard to private power.
As Lord Palmerston, the 19th century British prime minister, once put
it, Nations don’t have permanent friends or enemies, they have
permanent interests. In other words, when the situation shifts, our
approach must shift.
And so what, specifically, to do? Perhaps we need new legal protections
for our data, so that our most personal information cannot be sliced,
diced, and monetized by app-happy billionaires barely old enough to
shave.
Furthermore, perhaps we need to take a closer look at some of the
sources of corporate power. For example, there’s the Supreme Court’s
2010 Citizens United decision, which unleashed a seemingly unlimited
flow of corporate campaign donations; at the time of the ruling, most
conservatives hailed it as a victory for “free speech.” And yet now
that we’ve seen what companies such as Kellogg’s choose to do with
their corporate speech, perhaps it’s not such a good idea to give them
the unchecked power to try to buy elections.
Yes, Kellogg’s politically and ideologically motivated attack on
Breitbart has opened a lot of eyes. And so we on the right shouldn’t
close our eyes, or avert our gaze, until we have fully comprehended the
radically changing politics of corporate America.
And then we must act accordingly.
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Article located at:
http://www.thechristiansolution.com/doc2016/776_CronyCapitalism2.html
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Last Hope for America
Christian Libertarian: Harmonious Union
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