Progressive radio pioneer says public ownership, not regulation is answer.

[jotsy]

Found this over at Buzz Flash by Jay Diamond

The copy here heads straight for the punchline, so for those who like the build up, head straight for the link, it's short, but meaty.

What's necessary is to begin a serious inquiry as to why an economy of 300,000,000 million citizens should be held prisoner by the private money interest of a small number of people who, on the basis of nothing more than their staggering assets, can control the financial destiny and viability of the other 300,000,000 voting citizens.

There is no reason in reality why such an irrational scheme as the above should continue.

Big Business and Big Finance need to be controlled by all the citizens, for the benefit of all the citizens, not for the benefit of a tiny and elite cadre of private owners on the basis of their own whim, wealth, and private benefit, for the pleasure of themselves alone, and the misfortune of a nation of 300,000,000 at the mercy of their greater glory.

The citizens need to control the wealth of the nation, and the day-to-day management of that wealth needs to be directed by people directly accountable to the 300,000,000 citizens rather than a self-interested Boards of Directors accountable only to themselves and their private fortunes.

<http://blog.buzzflash.com/contributors/3167>


As I understand the legal definition of fraud, it is theft by deception. The difference between civil and criminal is about how the depth of damage and/or how flagrant the infraction is.

So the rule of law has met the moment where it comes toe to toe with capitalism, as a peaceful coexistence can not be had with a small but greedy hoard who would damn a world for a bigger bauble. Damnation may yet be theirs to deal with rather than dole out.