Pity the Billionaire: The hard-times swindle and the unlikely comeback of the right, by Thomas Frank, (2012). Author of several great books including new release MUST READ “Listen Liberals“ and most famously his “What’s the Matter with Kansas.“ [also on video]
Once again it is fun to see the title of the concluding chapter, in this case:
Trample the Weak. We who are living in this fake “free market” know that there can never be a free market because free markets are ruthless killers of all things, people, land, water, animals, and more, all for PROFIT. In fact, the religion of capitalism has now even shucked any pretense of their original charters with the obligation to serve the people by claiming “fiduciary” responsibility to their shareholders. How they can do that while taking $53 million a year in salary plus bonuses and stock options that cause them to waste capital on stock buybacks to jack the price up and contribute literally nothing in terms of goods and services, just shuffling paper money around, is beyond me. The shareholders aren’t even allowed a vote on the pay of the CEO but just their boards that are well-compensated people with next to no responsibilities except to rubber stamp whatever grand scheme the current CEO has to rape and pillage the people.