-By Glen Brown. Glen writes at Teacher/Poet/Musician
We live in a country where the Democratic/Republican Party System is failing us; where venture capitalists and hedge fund billionaires are buying and destroying our democracy; where 401(k) s are fraudulent games of theft and greed played within the wealthy financial sector; where numerous senators and representatives are pawns of the American Legislative Exchange Council; where “the privatization of health services has corresponded closely with skyrocketing costs, leaving millions of Americans without access to care or deeply in debt for seeking treatment for their illnesses.”
We live in a country where a major credit-rating agency was accused of “manipulating pension data”; where “Koch-supported groups have strongly worked behind the scenes on the federal and local levels to eradicate Social Security and Medicare as overly costly entitlements given to working class people,” and where the Koch Brothers and major corporations sponsor pension reform seminars for judges.
We live in a country where Moody’s Investors Service, Fitch Ratings and Standard & Poor’s “gave out AAA ratings to sub-prime mortgage-backed securities. The securities, of course, turned out to be toxic, but the agencies were paid anyway. What’s worse, when Wall Street ran out of questionable mortgages to securitize, it created a whole new market based on bets on those securities, bets called ‘derivatives.’ The Big Three kept on handing out AAA ratings to these complicated new products, and were again paid handsomely to do so. The rating agencies made hundreds of millions of dollars, but in the end, it was American taxpayers who paid the price — losing their savings, their homes and their jobs in addition to having to pay billions to bail out banks…”
We live in a country where breaking a constitutional contract with retirees and public employees is deemed morally and legally justifiable by legislative liars and thieves; where public employees and retirees are victims of plutocratic, concentrated economic privilege and power that accommodates and reinforces an enormous inequality of organizational resources for corporate self-seekers; where public schools are for sale; where public school teachers have been assaulted by a barrage of attacks on their autonomy, dignity and self-respect; where labor unions have lost political power and influence; where there is no pay equity or job security for college adjunct faculty, and where “memories of the university as a citadel of democratic learning have been replaced by a university eager to define itself largely as an adjunct of corporate power.”
We live in a country where the plutocratic free market theory caters to self-interested desires and profit to the detriment of millions of Americans, while promising “freedom and prosperity;” where Free market principles advocate that the rich and poor should be taxed at the same flat rate, despite creating a vast inequity; where education, health care, retirement pensions, national parks (and most any function intrinsic to essential governing) become privatized to reap in more profits; where publicly-owned companies, services and their assets are auctioned off to private investors; that besides allocating vast amounts of wealth and resources from public to private ownership, there is a transfer of private debts to the public sector while public ownership and service are systematically dismantled.