If what happens in courtrooms across the country to poor people of color is justice, what is happening in the Senate is a trial. If the blood-drenched debacles and endless quagmires in the Middle East are victories in the war on terror, our military is the greatest on earth. If the wholesale government surveillance of the public, the revoking of due process and having the world’s largest prison population are liberty, we are the land of the free. If the president, an inept, vulgar and corrupt con artist, is the leader of the free world, we are a beacon for democracy and our enemies hate us for our values. If Jesus came to make us rich, bless the annihilation of Muslims by our war machine and condemn homosexuality and abortion, we are a Christian nation.
Large corporate capitalism is a breed apart from smaller scale capitalism. The former can often avoid marketplace verdicts through corporate welfare, strip owner-shareholders of power over the top company bosses and offload the cost of their pollution, tax escapes and other “externalities” onto the backs of innocent people. Always evolving to evade the theoretically touted disciplines of market competition, efficiency and productivity, corporate capitalism has been an innovative machine for oppression. Take productive use of capital and its corollary that government wastes money. Apple Inc. is spending $130 billion of its retained profits on a capital return program, $90 billion of which it will use to repurchase its own stock through 2015. Apple executives do this to avoid paying dividends to shareholders and instead strive to prop up the stock price and the value of the bosses’ lucrative stock options. The problem is that the surveys about the impact of stock buybacks show they often do nothing or very little to increase shareholder value over the long run.