Reference Quote
ShuffleSimilar Quotes
Quote search results. More quotes will automatically load as you scroll down, or you can use the load more buttons.
The big lie of American capitalism is that corporations work in their own best interests. In fact they’re constantly doing things that will eventually bring them to their knees. Most of these blunders involve toxic chemicals that any competent chemist should know to be dangerous. They pump these things into the environment and don’t even try to protect themselves. The evidence is right there in public, almost as if they’d printed up signed confessions and sprinkled them out of airplanes. Sooner or later, someone shows up in a Zodiac and points to that evidence, and the result is devastation far worse than what a terrorist, a Boone, could manage with bombs and guns. All the old men within twenty miles who have come down with tumors become implacable enemies. All the women married to them, all the mothers of damaged children, and even those of undamaged ones. The politicians and the news media trample each other in their haste to pour hellfire down on that corporation. The transformation can happen overnight and it’s easy to bring about. You just have to show up and point your finger.
As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.
PREMIUM FEATURE
Advanced Search Filters
Filter search results by source, date, and more with our premium search tools.
The unspoken ideology of capitalism didn’t admit, back then, of any corporate duty beyond making a return on investment for the shareholders while obeying the law.
Then the terrible teens hit, with a global recession followed by a stuttering shock wave of corporate scandals as rock-ribbed enterprises were exposed as hollow husks run by conscience-free predators who were even less community-minded and altruistic than gangsters. The ravenous supermarket chains had gutted the entire logistic and retail sector, replacing high-street banks and post offices as well as food stores and gas stations, recklessly destroying community infrastructure; manufacturers had outsourced production to the cheapest overseas bidders, hollowing out the middle-class incomes on which consumer capitalism depended: The prison-industrial complex, higher education, and private medical sectors were intent on milking a public purse that no longer had a solid tax base with which to pay. Maximizing short-term profit worked brilliantly for sociopathic executives looking to climb the promotion ladder—but as a long-term strategy for stability, a spiraling Gini coefficient left a lot to be desired.
There are no constraints left to halt America’s slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. The working class has been impoverished and is now being plunged into profound despair. The legal system has been corrupted to serve corporate interests. Popular institutions, from labor unions to political parties, have been destroyed or emasculated by corporate power. And any form of protest, no matter how tepid, is blocked by an internal security apparatus that is starting to rival that of the East German secret police. The mounting anger and hatred, coursing through the bloodstream of the body politic, make violence and counter-violence inevitable. Brace yourself. The American empire is over. And the descent is going to be horrifying.
Loading more quotes...
Loading...