[Rushtalk] Maglio: Attacking capitalism to sell centrally controlled economy
lynux at keepandbeararms.com
Wed Oct 15 19:18:04 MDT 2014
Maglio: Attacking capitalism to sell centrally controlled economy
BY DOMENICK J. MAGLIO
Published: May 15, 2014
In 2008 the slogan “Too big to fail” spoken by President Bush’s treasury
secretary Henry Paulson was a shocking acknowledgement that the federal
elites no longer felt the need to pretend they believed in capitalism.
The merging of central government and international corporations through
the revolving door process has become undeniable.
A major tenant of capitalism is that any business no matter its size
will fail when it is unable to pay back the business’ liabilities. This
elimination of non-profitable enterprises cleanses the market of
inefficient businesses. In its place, other newer or smaller businesses
will expand to more effectively serve the customers of the failed
“Too big to fail” is antithetical to capitalism and a gateway to a
centrally controlled economy and repressive state. It is a corruption of
Big government, like large corporations, even with the economy of scale
has a difficult time controlling the explosion of bureaucratic expansion
and waste. Bureaucrats are incentivized to build their kingdoms rather
than be efficient. By restricting capitalistic competition it will blur
any strong contrast or highlight the government inefficiencies of
inferior service and products.
In America, the laws of a free marketplace are not being allowed to
prevail. Our bloated federal government has gained enormous control of
the economy through laws and regulation. The government-connected
corporations are given special waivers to bypass regulations that other
companies have to meet, thus giving them an unfair advantage in the
competition. Bundled campaign donations earn ambassadorships or access
to the oval office. The offering of top corporate paying positions to
political operatives in exchange for preferential legislation is
becoming common practice.
The smaller the business the easier it is to monitor and supervise its
employees to insure maximum agility. The large, international
corporations are on the other side of this continuum and have the most
difficulty supervising their complex structure. The diversity of
operations and multiple sites all over the world creates an incredible
challenge to maintain a streamlined operation.
This same phenomenon takes place in government agencies. We have
witnessed this firsthand in Obamacare. Attempting to manage 1⁄6 of the
nation’s economy has been a disaster. Even with ordering private
insurance companies to artificially lower their insurance rates to
cushion their insurance policies, the price and co-pay have risen.
In this symbiotic relationship government winners are chosen by how much
support they give the administration. This can be through campaign
contributions and lucrative jobs they are offering government
operatives. Losers are those who do not pay to play.
This marriage between major corporations and the federal government has
recently been called “crony capitalism” and during the WWII period,
“fascism.” The National Socialistic German Worker’s Party used
corporations to solidify their power.
Every law abiding patriotic citizen should protest the confiscation and
mishandling of the people’s money. The fear mongering of a global
economy collapse by our D.C. government should have been dismissed as
propaganda to protect these corporate and government elites’ special
financial and power interests.
Americans should not hand over to our central government the power to
pretend to micromanage our economy. The picking of winners and losers
and the printing of “stimulus money” by the Federal Reserve does nothing
other than increase potential corruption. The devaluation of our
currency by “Quantitative Easing” is robbing a percentage of our
Anytime we hear “Too big to fail” we should be aware our D.C. government
is selling this phony rationale to justify its expansion into every
aspect of our lives. We need to refuse to be robbed by power seeking
politicians that are only concerned with their own self-interest rather
than the people’s.
This game has become transparent. The “Too big to fail” policy is an
attempt to transform the United States from a constitutional republic to
a political elite control of the economy and rejection of our
Our founders brilliantly provided us with a constitutional blueprint to
prevent us from going down the path of elites controlling the government
instead of the people controlling it. As these great men understood,
large government siphons off the treasury and the freedom of the people.
Domenick Maglio, PhD. is a columnist carried by various newspapers, an
author of several books and owner/director of Wider Horizons School, a
college prep program in Spring Hill. Visit him at
www.drmaglio.blogspot.com or email him at djmaglio at gmail.com.
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