Thursday, May 03, 2012

Gilds

Many people believe that in our system of state capital, the capital comes first.  Well, only if you mean The Capital.  Capitalism, and especially its finance division, is just rent-seeking; actually, the state owns everything--all that money is a lend-lease.  Now the financiers--just as much as the Occupy movement--imagine that corporations have captured government, which has got it precisely backwards.  And you see these poor rich people crawling over themselves to get the government to play nice, because the state owns them; they are the Great Guild of Boondoggles and Pyramid Schemes, operating under a charter than any prince may take away.

29 comments:

Joe said...

Yeah, and Giuseppe the pizza guy owns the mafia because he pays them protection money.

Professor Coldheart said...

Well, here's ONE dollar those fat-cats aren't going to get their hands on!

(ignites bill to much applause)

Thank you! You've been great, Cleveland. I'll be selling some T-shirts and CDs near the bar.

Anonymous said...

Meh. The state doesn't benefit from owning everything in the way that someone like Jamie Dimon benefits from wheeler-dealing with the state. If anything, when it plays nice with capitalists, the state gets the short end.

Anonymous said...

Anyway, you don't even know that the state "owns" money until it starts giving it away. Strange kind of ownership.

IOZ said...

Like when the bank gave me all this money to buy my house. I know, right. WHAT'S IN IT FOR THEM?

Anonymous said...

The bank that gave you the money for the house is obviously collecting interest. But the people who gave the money to the bank, i.e. the treasury, aren't, at the moment, collecting interest on that money.

Like I said, the state is not benefitting from playing nice with the capitalists in any immediate, material way, especially these days.

IOZ said...

There are no capitalists.

There never have been.

Anonymous said...

not exactly the same as Citi & Goldman S, but who "owns," say, GM? saint obama: "we'll give you 8 billion in 'loans' provided you destroy the labor rights of employees. otherwise, GM is dead."

Lockheed? GE? Pfizer? any different? nein.

Gabe Ruth said...

The finance division is all there is anymore, and all of its power flows directly from Washington. This is America, so everything that's anything is monetized. Washington plays with the units, causing anyone that gets some to fall over themselves in their eagerness to hand it to Wall Street. I do think capitalists once existed, and they may have even been slightly better than what we have now, but I agree that there are none that matter now.

Anonymous said...

"there are no capitalists" is an entirely different proposition, and I'd love to hear the argument.

Leonard said...

There is certainly capitalism (albeit state managed in many ways) in many parts of the American economy. I mean: taco truck! But for big corps, not so much. And of them, the financial sector is the worst. IOZ is exactly right. The whole financial sector is utterly dependent on the government; indeed the very foundation of their profitability is a privilege (creating money). Their response, especially in these trying times: massive campaign funding to both parties. You don't give a political party millions just because you like the cut of their jib.

Here is a listing of Top Industries Giving to Members of Congress, 2008 Cycle. We can read it as a direct listing of who is dependent on the state and how much. What do we find at the top?

Lawyers/Law Firms (partly financial)
Retired
Securities/Invest (financial)
Real Estate (financial)
Health Professionals
Education
Business Services (partly financial)
Insurance (financial)
Misc Finance (financial)
Misc Business (partly financial)

Incidentally, for those doubting Democratic dominance in the corruption side of Washcorp: note that you have to go to the 18th most government-dependent industy -- oil -- to get one where the industry actually gave more to Republicans than Democrats. And on the entire list of 50, there's only 8 sectors which gave more to Rs -- and one of those is Republicans.

Leonard said...

Argh -- link didn't work. try here.

Enron said...

Why do they all look the same

Anonymous said...

Hard to feel too sorry for the BigMoney men, as this is a sorcerer's apprentice type of situation. TDS

demize! said...

The magic of compound interest!

demize! said...

Sorry for double, but "the state" and the financial cartel that love them are pretty much indistinguishable at this point.

davidly said...

Yeah, I gotta say, it seems like the distinction is what doesn't exist.

Justin said...

You think the carpet pissers did this?

Anonymous said...

Listening to anarchists prattle on about The State is like listening to fundamentalists prattle on about The Devil. Exactly like.

demize! said...

Yes, except one exists and the other doesn't. Other than that exactly..

High Arka said...

He may mean because the state only exists inasmuch as it's believed in, which can be said for the devil, too. Like, the devil made me fire you and foreclose on your house.

The devil is a guy in red pajamas and the state is this big monument that looks like a sharpened penis. You show me the monument, and I'll mail IOZ some red pajamas.

almostinfamous said...

but stephen king wants to pay more in taxes? where would that money go?

Leonard said...

Demize, that's not quite right. The state and the Devil both exist in the same way: as thought-patterns in the minds of men. (Arka correctly points this out.) (The state is now a tiny bit computerized, hence partly realized. But it's only slightly; if people stopped believing in the state the computers would not have much effect.)

The difference between the state and the Devil is not in the nature of their existence. The difference is in the attitudes of men towards them. Anarchists do revile the state which is loosely analogous to how fundies revile the Devil. But non-anarchists love and revere the state, or at least think it is necessary or inevitable; hence they obey it. Whereas non-fundamentalists do not love, revere, or obey the Devil. And it is the obedience of the 99.9% which makes the difference; the state is real in the sense that the 99.9% follow orders. The Devil is unreal in that nobody follows his orders. If they did, you can be sure there would be men campaigning to become Devil-pope or whatever, just as they actually struggle to be elected President.

Arka, I believe you seek the Washington monument.

Anonymous said...

The fact that our nation is itself satanic makes this knot tough to untie.

demize! said...

well at least the non existent devil is honest about his evil intent,the state would break you on the wheel for your own good. The edifice is more than the collective agreement that something exists. The violence exerted upon those who choose not believe in the fictive state,is very real. The battalions of enforcers and the agencies that employ them are very real. but your point is taken.

Leonard said...

Nony, the Devil was the first Whig.

Marta Clavero said...

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Honestly, I’m not that happy with this performance. I was tired from dancing in my cousin’s performance before this, and I didn’t have much time to rest. I don’t think I did justice to the choreography. I just thought I’d share since I got a lot of comments saying I should dance to Wedding Dress.

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On top of this, I danced to Jay Park – Abandoned with my little cousin. He was too shy to dance on his own so I offered to be in his performance with him. Watch it here!



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