Corporate Personhood is eating our economy alive.

Corporate personhood is eating our economy alive.

I'm curating this Facebook comment for future reference because it will soon sink into that platform's quagmire. Go to the link for an informative thread of comments. 

President Carter had no economic experience on the international level & couldn’t leverage our very strong economic power nor control the American oil companies. Big business/Corporations began their control of our economy. There was plenty of oil. But they made more money by enhancing the shortage. Interest rates climbed to 22%. Oil & Banks ran wild for profits. 

The Banks remain in control as Citizens United gave them unlimited power. Reagan enhanced Corporate independence as America sold most of our manufacturing capabilities to China. The IBM PC division was sold & the sale approved. Before that technology got into Chinese hands, their missiles couldn’t hit intercontinental targets. It took force to bring OPEC (Saudi Arabia) to negotiate reasonably. From Reagan through today, both Parties moved American financial power to foreign Countries, stole the 2+ Trillion & from the Social Security fund which was prohibited by having the Federal Reserve trade T-bills in debt to the Fund drying it up. It was never paid back & is now forgotten.

Biden is in over his head but trying very hard. Sadly he’s using out of date methods drastically failing as our Economics policy is very out of date. This argument on how to manage our economy through a National banking system goes back to the Alexander Hamilton/ Aaron Burr duel. Hamilton was killed. We got a National Bank which has yet to change their tactics in controlling inflation. Trump engaged in tariff wars which broke much of our farming capability.

World wide shipping to America became very difficult as too few international shipping docks were updated over 40+ years & local zoning will not allow stacking of containers over 2 high. Covid-19’s increased International shipping to America, as Asia now makes most everything, & modern freighters carry containers 4 or more stacked high could not be unloaded. No National help was ordered by our huge West coast Navy (now not at war) to help!!! Federal fuel prices for freight trucks was not locked at previous prices. 

America has had price control Federal limits ordered many times in modern history as has food pricing & rationing by a simple Presidential order. Big Corporations (now with the privileges & rights of being considered “People”) take advantage to raise prices long before shipping shortages actually give a reason as they had not experienced shortages. Gasoline & Diesel fuel prices went up long before the now very expensive oil reached our shores. We have done this to ourselves in the name of large corporations shrinking our broader market through great political power they did not have before Citizens United!