Wed
Aug
29
“ As we embark on the second decade of the 21st century, the commanding heights of corporate America—the banks, the military-industrial complex, corporate interests benefiting from huge subsidies like Big Pharma and Big Oil—largely have the government they want. They have the tax structure they desire. Under Bush appointee Chris Cox, the SEC’s regulatory function was wrecked. The military has been so outsourced that the Army can no longer feed itself, while a policy of permanent war assures a perpetual cash flow to contractors. Federal law guarantees pharmaceutical companies the kind of collusive and monopolistic profiteering that antitrust laws were intended to prevent. Corporate America has posted record profits even amid the most protracted period of joblessness in post-World War II history. It is corporate nirvana. Under these circumstances, who needs an activist government? Now that the commanding heights have achieved their objectives, a gridlocked government will work just fine, regardless of who is in charge.
Mike Lofgren, The Party is Over, 2012
