R.J. Scaringe – the CEO of Rivian – is being rewarded to the tune of $4.6 billion just weeks after the EV manufacturer fired 600 workers due to declining demand for its battery powered devices. This is the degenerate parody of capitalism that’s going to turn America red – and not in the Republican way.
It seems there are not only no consequences for failure – and worse – in corporate America, failure is rewarded. Scaringe is hardly unique. GM and Ford’s CEOs (as well as the last CEO of the Stellantis combine that owns Chrysler, Dodge, Jeep and Ram) have all presided over billion-dollar losses while being rewarded double-digit millions.
Annually.
The chieftans take in (earning would be a debasement of the language) more over the course of a few weeks than most of us will ever be paid over the course of our entire working lives. This is not a criticism of “the rich.” There is nothing wrong with having money, including a lot of it.
It is a warning about the consequences of screwing people who work into poverty for the unearned benefit of people who become rich thereby. The distinction matters. It certainly matters if you would like to see the country red, white and blue – rather than just red. It is certain to become the latter if this insufferable farting-in-our-faces continues for much longer. The recent blowout election of reds in Virginia and New York City is a wake-up-and-smell-the-fart call. Mamdami (in New York City) rode into the mayorship because so many New Yorkers, young ones especially, feel – with cause – that “capitalism” is an obscenity. It’s the same in Virginia. The under-30s are tired of being told about how they must be responsible, work hard and earn their place and pay their bills when it is so awfully obvious these dictums do not apply to the high-placed.
Trump has pardoned many of his friends and supporters, most recently Rudy Giuliani. Some deserved it, perhaps – having been persecuted by the previous regime. But who has been prosecuted? Not one of the “COVID” criminals, including Dr. Fauci – who served as de facto president for several months of the last year of Trump’s first term. Rochelle Walensky is free to do whatever – after having done a lot to us. Dr. Bourla of Pfizer is a “great businessman.” Jeffrey Epstein is off the radar – pushed into news oblivion by whatever Trump has ordered blown up today.
He has pitched 50 year mortgage indentures. He claims there’s “no inflation” – a hurricane fart-gust right in the faces of every American standing at a supermarket checkout line paying for a couple of small plastic bags of groceries with a $100 bill. His tariff/taxes have added thousands to the cost of a new car, which more and more Americans can no longer afford to buy. But – here comes another really mephitic fart, cheeks spread wide – he’s going to have the government cut us all a small check at some vague distant point in the future. By the time we get it, it will probably not be worth the paper it’s written on.
“Stimulus” feeding the inflation that doesn’t exist.
Back to R.J. Scaringe – whose name sounds like a villain in an Ayn Rand novel. He could be Wesley Mouch’s colleague. Rand portrayed capitalists as super heroes and capitalism as the ne plus ultra of economic morality. But the premise (as she would have put it) of both portrayals is that of value for value (once again as she would have put it). To put it another way, of mutually beneficial free exchange. Not a zero sum exchange, which is what the degenerated parody of capitalism we suffer under is characterized by, at the R.J. Scaringe level.
Rand’s heroes were producers. They created things of value for which there was a market. The R.J. Scaringes and Elon Musks rely on forced markets that reward the production of that which the market does not value – and are rewarded fulsomely for exploiting the leverage – Rand called it “pull” – that is the engine of degenerate “capitalism.” It is rotten from top to bottom but at the top, rottenness is richly rewarded. Neither Rivian nor Tesla would exist were it not for “pull.” They are both creations of government and rely on it for their sustenance. Now that some of that IV drip (the federal $7,500 tax rebate given to people who buy EVs paid for by people who do not buy them) has ended, someone has got to pay.
Naturally, it won’t be R.J. Scaringe.
It will be the ordinary workers who used to work for Rivian, plus all the other assorted economic casualties down the line. Same over at GM and Ford, where the billions lost on EV malinvestment will not come out of CEO pay packages but be paid for by the fired workers who had nothing to do with it. How do you suppose the 3,400 workers at GM’s Vision Zero battery/battery-powered vehicle plant are feeling? Do you think they are feeling a little . . . red?
A future-time oriented person might see all of this farting-in-our-faces as dangerous. But it is hard to see it when you are taking in more over the course of a few weeks than most of the “little people” – as Leona Helmsley styled them – will ever earn over the course of an entire lifetime of working.
Lenin was an evil son of a bitch but he wasn’t stupid. His dictum about capitalists selling the rope that will be used to hang them was spot on.
He just left out the part about them selling us out along the way.
. . .
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Sorry, but he’s doing exactly what Milton Friedman says he should be doing. His only responsibly is to the shareholders. So he deserves that big payday.
https://en.wikipedia.org/wiki/Friedman_doctrine
In the long run, destroying your employees is probably a bad fiduciary decision, but because shareholders only care about the next 20 minutes, they probably won’t notice.
ICYMI, we don’t live under capitalism, and we haven’t lived under it for a long time. We have crony capitalism, where those connected to gov’t officials benefit at the expense of everyone else. As Eric often points out, Elon Musk is the king of crony capitalists. If we had true laissez faire free enterprise, we’d be much better off.
Mr. Peters you are an excellent wordsmith. You have put words to my very thoughts. My grandfather pointed out to me decades ago that these huge corporations could not exist without government complicity. The Sherman antitrust laws have been ignored for years.
Ignored? Why, they’re barely ACKNOWLEDGED now!
Thanks for the kind words, Doug! I guess I’m better when I’m angry… .
There are many well-meaning people who object to the use of tariffs in international trade. I believe that they are misguided.
Before 1913, there was no income tax. Revenues to run the federal government were generated totally by tariffs, a good thing.
Keep in mind that tariffs are deposited directly into the treasury without going through the hands of greedy politicians, also a good thing.
Trump has proposed eliminating the income tax, relying on tariffs to fund the federal government, also a good thing.
Trump has made all kinds of bullshit promises, most of which he has not kept. This idea that tariffs are going to replace the income tax in our society, with its gargantuan government and two trillion dollar annual deficits, is an absolute absurdity. If tariffs were raised high enough to where they could even come close to raising revenue comparable to the income tax, imports to the US would simply collapse, in which case revenue from tariffs would also collapse.
When the government ran on tariffs alone, it spent about five percent of GDP. Now it spends over thirty percent of GDP. Perhaps when ninety percent of the federal government is abolished, the income tax can be eliminated and replaced with tariffs. I won’t hold my breath.
The Federal Gov’t that ran on tariffs was also small enough to fit WITHIN the COTUS-small note!
My former employer claimed not enough money available to design/build a new model, only enough to update the old, again.
Few months on, a massive stock buyback using the billions that could have launched a new model, we just shook our heads in disgust. Nice juice to the stock price right when mgmt wanted to cash in personally.
Zero accountability of course.
There was a time when stock buybacks were illegal. There also was a time when companies did not pay people in stock options.
I’d argue that stock options are what have caused the corporate craziness and cruelty of the last few decades. When upper management is paid in stock options, in theory, it’s an incentive to manage the company well and be profitable, but in reality, their focus becomes pushing up the stock price, rather than being profitable by producing quality products/services at a reasonable price, and building the better mousetrap. So they lay people off en masse and buy back shares instead of paying people more or investing in the company.
What’s worse, it’s only upper management and the boards who make out on the deal—everyone else who gets stock options can’t cash in when the IPO hits, for example. And if the company ends up struggling, well, there goes that. After all, you can’t pay your bills with stock options.
Great article, Eric! I sometimes wonder at the cluelessness of the “elites”. In America today, (and honestly, for quite a while) perception is more important than reality. They are smart enough to realize we as a people are driven more by emotion than fact, bit for whatever reason don’t internalize it. Maybe they assume the increasingly commie government will protect them from the pitchforks?
It’s not confined to lefties, though it’s most prominent there. Take spending on Israel, for example. $3.5 billion last I looked, out of over $7 trillion in spending. That’s 0.05%. Scale that to a guy with $50k after tax — $25 per year, $2.10 per month. What’s that, your toothpaste outlay? Lettuce? I’m not saying funding Israel is in our interest, not in the least. Just that it’s not in the top 100 of our problems. And, yet, I predict perception will win the day.
In October 2024, PBS published $17.4 billion had been sent to Israel in ONE year to genocide Gazans; another study in 2025 estimates $31 billion. How much does it cost the US to fly a daily flight to Israel to resupply them with weapons? To base our military over there to protect Israel? How much do Thad and Patriot weapons systems cost? Plus all the intelligence flights that US and Britain are flying. Let’s not forget the Iran and Yemen bombings and all the diplomat Blinken Witkoff Kushner flights/expenses to make “peace” and buy off Arabs either.
https://www.pbs.org/newshour/world/u-s-military-aid-for-israel-tops-17-9-billion-since-last-oct-7
“The United States under the Biden and Trump administrations has provided at least $21.7 billion in military assistance to Israel since the start of the Gaza war two years ago, according to a new academic study published Tuesday, the second anniversary of the Oct. 7, 2023, Hamas attacks in Israel that provoked the conflict.
“Another study, also published by the Costs of War project at Brown University’s Watson School of International and Public Affairs, says the U.S. has spent roughly $10 billion more on security aid and operations in the broader Middle East in the past two years.”
https://www.military.com/daily-news/2025/10/07/us-has-given-least-217-billion-military-aid-israel-war-gaza-began-report-says.html
https://arabcenterdc.org/resource/trump-sidesteps-congress-giving-billions-to-israel/
https://kelly.house.gov/media/press-releases/rep-kelly-us-house-pass-14-billion-israel-aid-package
Aid to Israel dwarfs every other country –$350 billion since 1946 and 2/3 military.
https://www.cfr.org/article/us-aid-israel-four-charts
And that’s not the extent of the cost: blame support for Israel for 9/11. Blame support for Israel for the Iraq and Afghanistan wars. Blame Israel for the “war on terrorism” which only began after Israel occupied Gaza and the West Bank in 1967. Blame Israel for DHS. Blame Israel for Palantir and SMART cities where we are all ID’d like Palestinians. Blame Israel for our president now thinking he can send troops to US cities to police us like IDF does Palestinians. Blame Israel for our president now bombing Venezuelan fishing boats the way Israel bombs aid flotillas. Blame Israel for anti-semitism laws and prohibition of free speech online, at universities, in the press and in our workplace.
At the Heritage Foundation to combat anti semitism, the employees are invited to attend Friday night Shabat dinners. Imagine if to combat anti-Christianity (people in Israel spitting on Christians carrying crosses, flattening the tires of Christians, burning their churches and villages–imagine Israeli employees being invited to attend Friday night stations of the cross.
I know people whose husbands were deployed because Israel “surprise attacked” Iran. What is the cost of that?
Right now in Israel a prosecutor trying to prosecute IDF rapists caught on video sodomizing Palestinians is being prosecuted — not the rapists, not the racists, not the war criminals. I don’t want one cent of my money going to a country that is an anti-Christ state, i.e. “jewish.” I don’t want any political official in my country being targeted like Massie and others because they aren’t pro-Israel. I don’t want my media controlled by Jews like Larry and David Ellison who just bought CBS and TikTok because they showed the truth about the IDF in Gaza. It seems to me, it’s time for Israelis to start paying Americans $2.10 monthly and for US to take over their racist knesset, universities and press.
What does this comment have to do with what Eric’s article is talking about?
What does Steve’s comment (whose comment I was replying to) have to do with Eric’s post: “It’s not confined to lefties, though it’s most prominent there. Take spending on Israel, for example. $3.5 billion last I looked, out of over $7 trillion in spending. That’s 0.05%. Scale that to a guy with $50k after tax — $25 per year, $2.10 per month. What’s that, your toothpaste outlay? Lettuce? I’m not saying funding Israel is in our interest, not in the least. Just that it’s not in the top 100 of our problems. And, yet, I predict perception will win the day.”
Who in this blog was talking about spending on Israel — but I guess Israel/Jews think they’re “the boss” and it’s so sweet they use illegal means to keep it going –including paying people to post crap about it’s only $2.10 a month for US to support Israel–3.5 billion a year when it’s 5 times that. I wonder where Miriam Adelson gets her millions to buy the president — seems she should be in prison as most of the billionaires running the stock market racket, the banks and corporate rackets etc. Government is always bailing them out and giving them big contracts w/taxpayer dollars. They got the Lutnik tariff scam to plunge the market up and down and do insider trading; they tip off the politicians (and scientists, employees of companies they want to steal secrets from) and blackmail them w/honey traps and now the child sex trafficker vicious ghislane maxwell is going to get out of jail free because these same black mailing, assassinating, terrorist war criminals bought Trump, blackmailed Trump and now own the US presidency. Ain’t it sweet to be boss and drop crap on the protestors of the Jewish King Cyrus (whose supposedly the president of a country founded on the principal that all men are created equal–not “chosen” based on their race/religion/money).
https://theconversation.com/israelis-are-hailing-trump-as-cyrus-returned-but-who-was-cyrus-the-great-anyway-267312
IMO what cost Kirk his life happened in this debate where Kirk announced there was agreement to stop funding Israel. (@43:45) As soon as Kirk announced there was agreement that aid to Israel should be ended, Hammer started walking it back: “So, you can’t do it tomorrow. But, I do agree that you should have a game plan 5, 10, 20 years” [20 years ain’t ending aid to Israel EVER, but Kirk cont’d to say there was agreement to end aid to Israel though not on the timeline (see end of debate)–but that’s the LAST message Israel wants out there. They pay people like “Steve” and maybe you, “Joe” to shill for Israel funding. Are you registered as a foreign agent? Neither is AIPAC, but boss JFK and his brother RFK (who was supposedly killed by a Palestinian Christian “terrorist” to protest 1967 occupation of West Bank but the shot that killed him was fired into the back of his head behind his ear) are dead. And Israel has the bomb!
https://www.youtube.com/watch?v=w-ng95XlQb4
https://responsiblestatecraft.org/israel-influencers/LOS ANGELES, Feb. 24-A police ballistic expert testified today that the bullet that fatally wounded Senator Robert F. Kennedy last summer was fired “approximately one inch” from his head. The expert, DeWayne Wolfer, speaking in a calm, measured tone, told the jury trying Sirhan B. Sirhan for the murder of the Senator that two other shots. fired at Mr. Kennedy had come from one to six inches away. All the shots that hit Mr. Kennedy or tore through his clothing were fired from behind and slightly to the right”
https://www.nytimes.com/1969/02/25/archives/ballistic-expert-says-bullet-that-killed-robert-kennedy-was-fired.html
You need to live in reality, dude. Let’s go with the $350bn inflation-adjusted dollars over, what, 60-some years. $6bn a year. Or for your 50k after tax guy, maybe his lettuce and tabasco sauce outlays. The Dimocrats want to put illegals on Obamacrap for the low, low price of $1.5tn, and if history is any guide, that number is maybe a third of the real price tag. Those two are not anywhere in the ballpark, and it takes only 2(!) Republicans defecting to make it so. Illegals are a much greater threat to our way of life.
You can’t blame Tours or Gates of Vienna on Israel. Pisslam cannot plausibly be called a religion of peace after the very first village told Mo, “No, thanks, we’re good.” Israel is not to blame for Charlie Hebdo. Nor the no-go zones in Sweden, Denmark, or Paris, nor the rape gangs in Cologne or England. Soon coming to Dearborn, MI. Nor are they to blame for Iraq or Affy. Those are solidly on the Chimp.
And the secret is that this does not end if Israel were to cease to exist. The musloid destruction of the world would continue apace. They are not compatible with modernity. We are doomed as a people if we cannot accept facts.
Hear hear…
Everyone here should have a browse through https://thereligionofpeace.com/
Or, alternatively, I recommend spending a few years in the Middle East. Or even in parts of the EU would do.
Your local Muslim grocery shop owner may be friendly, but the majority of them still believe in sharia law and the supremacy of Islam. If you ask them, they’ll freely tell you.
Yet few in the West seem to be prepared to admit that Islam cannot and will not co-exist.
Do Jews co-exist? French were saying Israel killed Kirk so Jews could re-run “I’m Charlie” propaganda campaign in US.
https://www.jpost.com/opinion/im-muslim-and-im-charlie-387768
Make fun of Mohammad and say any lie about Islam and you don’t get censored anywhere in the West. But object to genocide in Gaza; have a tent city on your university campus and Jews get you suspended and arrested for “hate speech.” But you tell me it’s sharia law/muslims I have to worry about.
If a Catholic became president we were gonna be under the pope (except the Jews murdered JFK so they could buy US politicians w/out registering as foreign agents and get the bomb). Now if a Muslim gets elected you say I’m gonna be under Sharia law (except the Jews are stealing Muslim land and murdering them all day long every day in the West Bank, in Gaza, in Israel, in Lebanon, in Syria, in Iran and lying about them in the US (ain’t it awful how them Arabs blew up our tallest buildings, wall street cantor fitzgerald murdering 3000+ Americans on 911 because arabs hate jews. What chutzpah to commit cold blooded murder and then blame it on someone else. You get millions in insurance payments while Arab countries get destroyed by stupid Americans who rush to enlist and then get their legs blown off!).
You can yak about Muslim supremacy, but it is the Jews threatening to get Arabs expelled from the US.
https://truthout.org/articles/katie-miller-threatens-cenk-uygur-with-deportation-during-heated-debate/
Seen any Muslim mobs in the US attacking women or gays?
https://www.theguardian.com/us-news/video/2025/apr/28/mob-of-orthodox-jewish-men-chases-woman-after-protest-at-brooklyn-synagogue-video-report
https://www.reddit.com/r/legaladvice/comments/amwyqs/nyc_i_am_being_harassed_by_the_orthodox_jewish/
https://www.reddit.com/r/Judaism/comments/xufkb/a_womans_guide_to_hasidic_street_harassment/
Any Muslims spitting on Christians? “Spitting on Christians is an old jewish tradition and shouldn’t be turned into a crime.”
https://www.instagram.com/reels/CyBAN_Eo5N_/
Jews murdering and raping Arabs or burning and pillaging Arab land ain’t a crime either. It’s not the West Bank: it’s Samaria and Judea. It’s not the Gulf of Mexico: it’s the gulf of America. Greenland and Canada belong to us. Just like Texas, New Mexico, Nevada and California no longer belong to Mexico but to the U.S. (and if a Hispanic steps foot here, he’s illegal!).
https://www.youtube.com/shorts/wUhdh8NLe0s
https://www.haaretz.com/israel-news/twilight-zone/2025-08-24/ty-article-magazine/.highlight/in-one-night-settlers-rampaged-through-three-palestinian-communities-leaving-one-dead/00000198-d4f9-dc9d-abd9-dfff18310000
https://www.cnn.com/2025/11/07/middleeast/west-bank-settler-violence-palestinians-olive-harvest-intl-cmd
Israeli police clash w/Christian worshipers Jerusalem Easter 2025
https://www.youtube.com/watch?v=6Ng_WHznL3o
https://www.jerusalemstory.com/en/article/jewish-violence-against-christians-rise-jerusalem
It gets worse. JEW$ are charging each truck shipment of food into Gaza $5000 to $10000 per load just to cross the border into Gaza. With JEW$, it’s always about the shekels…
Can anyone believe the chutzpah that JEW$ possess?
As far as I am concerned, israel should cease to exist with all israel passports declared to be null and void worldwide.
If JEW$ want to travel outside occupied Palestine, they can use their secondary passports from the various countries that they are parasiting.
What does this comment have to do with what Eric’s article is talking about?
“It is good to be boss.” How some people cheat, lie, steal, murder and exploit others to get money and power to use that money and power to further corrupt the system, continue to get more money and power at the expense of others, obstruct anyone who tries to clean up the corruption as well as anyone they take a dislike to or who gets in their way/has something they want–all the while talking about how great they are, what a blessing they are to the whole world, they are making america great again, tikun olan.
@15:29: “So this is also physical when you’re going to church, the 8 million people that are going to church that Anna talked about earlier. So I want to read you this the project will use this is according to Haaretz, an Israeli publication, not American.The project will use the largest geofencing campaign in US history, mapping the physical perimeters of every major church and Christian college, identifying attendees, tracking them, and targeting them. The estimated audience 8 million churchgoers and 4 million Christian students. Tell your friends. Tell your neighbors they’re coming. Yeah, they’re literally paying money to track you when you go to church. Then find out what you’re watching online and then do their perception operations on you because their target has been acquired.
It’s Christians in America. It’s time to brainwash you a little bit more. So you send more money to Israel and let them commit any genocide, kill anyone, invade and attack anyone, take any land because they are our special ally.
There is a Judeo-Christian heritage that means you owe Israel no matter what.”
https://www.youtube.com/watch?v=0JDDNQtfk70
What Muslims are manipulating U.S. media and spying on us so that we’ll give them money and fight wars for them?
Farmers are losing $82/acre on cotton. Not sure the exact amounts but, there’s losses on corn and soybeans as well. That said, we can bankroll Argentia (which is a competitor) to the tune of billions. ‘Merica first the man said…
I caught the ag report on the radio this morning- Idaho potato farmers are getting around $1.65 per hundred lbs and last year it was $6 something. All that work, all the risk for what? Another kick in the teeth.
Let’s not forget the continuing massive funding to israel which is still taking place even during the government shutdown while USA citizens do without.
EVERY politician who supports israel should be indicted and prosecuted for TREASON with appropriate sentences to be carried out.
The USA is indeed israel’s bItch.
Not good…
On the topic of $2000 tariff rebates, I’m just curious what happened to our $5000 DOGE rebates? Where is DOGE? Bueller?
Hi BAC.
I predict they’ll stick into the same envelope. My advice is wait until the check arrives, clears processing and wait five years afterwards in case they try to claw it back. 🙂
Better spend that $2,000. check quickly, before the Supremes rule Orange Douchebags tariffs are illegal and will have to be refunded. Of course that assumes the court will do the right thing and uphold the Constitution, not exactly a slam dunk.
“I’m just curious what happened to our $5000 DOGE rebates?”
That’s been rolled into Elon’s new trillion-dollar remuneration package.
By the weirdest coincidence I was just reading an article at TPOL where they talked about the parasites and predators that are destroying this country and they printed what Rand said.
“When you realize that to produce, you must obtain permission from those who produce
nothing; when you see that money flows to those who deal not in goods but in favors; when
you notice that many become rich through bribery and influence rather than by their
work, and that the laws do not protect you from them but, instead, they are protected from
you; when you discover that corruption is rewarded and honesty becomes a form of self-
sacrifice, then you can confidently say, without fear of being wrong, that your society is
doomed.” – Ayn Rand
https://thepriceofliberty.org/2025/11/08/parasites-and-predators-of-government-and-more/
I wonder what she would have said if she was around today but I’m pretty sure she would have made her disdain clear.
Myself as I’m not as well spoken I would start this way.
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‘In the U.S., Good Jobs First reported that states and localities provided over $13.8 billion in subsidies to at least 51 EV and battery factories between 2021 and 2022. Another source indicates that $17 billion in state subsidies were provided between 2021 and 2023.’ — AI Overview
Baaaaattery plants, in other words, are a state industry. Just like Intel, a down-on-its-luck chip maker which cadged $8.9 billion from the Orange Emperor, who believes he has a Midas touch.
Take away the egregious subsidies of the Inflation Reduction Act, and these battery plants go as silent as a Soviet washing machine factory, making appliances that cost only 50 rubles but have a three-year waiting list, and don’t work when finally delivered.
West Virginia’s former senator Joe Manchin thought subsidized battery plants would usher in a new era. So did Arizona’s intellectual-yet-idiot former senator Kyrsten Sinema, who has six college degrees, but can’t calculate the negative ROI (Return on Investment) in a state industry that lacks any organic demand. DOH!
As my Cajun friends used to say when I lived in south Louisiana, it gives me a bad case of the red ass!
The Biden Thing arranged a $6 billion “loan” for Rivian on his way out the door in January.
In order to get the money, the company has to open their new EV plant and associated infrastructure under construction in Georgia.
I’m sure preserving John Ossoff’s seat in the Senate was a consideration when putting together the bailout. Ossoff would have lost the General Election in 2020 if just 10,000 Georgia Libertarians hadn’t “voted their conscience”, supporting their party’s candidate while still voting for the Orange Man at the top of the ticket.
When we rolled through North Georgia last year, a number of the carpet mills around Dalton had been converted to make EV components such as batteries.
Folks, once the carpet mill machinery is crated up and sent somewhere overseas, it isn’t coming back. Just ask your neighbors in Columbus, GA about the denim mills lost starting about 30 years ago.
No one puts carpet in their homes anymore. Its all “engineered wood” disgusting.
Carpet mills closed due to changing consumer sentiment amd due to the highness to install carpet that has to be changed every 5 years
Point being, were those carpet mills directly upgraded to pergo mills or black holed outa existance in favor of an import?
In truly free markets, there would likely be none of these ultra-rich people, because where there would exist a business that would generate such concentrated wealth, competition would quickly step in which would bring down prices and dissipate the wealth. Increased competition would also spur more innovation and variety.
Great point ML, hadn’t thought of that before. The ultra rich do tend to trade more in favors that throttle competition than the actual production of useful goods.
‘But who has been prosecuted?’ — eric
As Eric regularly documents, police enjoy impunity even when fatalities result from risky high-speed chases. Trump enjoys impunity as he murders low-level smugglers, falsely claiming that we are at ‘war’ with impoverished nobodies from Venezuelan fishing villages.
But guess who did get prosecuted? A low-level government employee who took a conscientious stand, and now owes six figures for hurting a couple’s feelings. No, really:
‘A call to overturn the landmark Supreme Court decision legalizing same-sex marriage nationwide is on the agenda Friday for the justices’ closed-door conference.
‘Among the new cases the justices are expected to consider is a longshot appeal from Kim Davis, the former Kentucky court clerk who refused to issue marriage licenses to same-sex couples following the court’s 2015 ruling in Obergefell v. Hodges.
‘Davis had been trying to get the court to overturn a lower court order for her to pay $360,000 in damages and attorney’s fees to a couple whom she denied a marriage license. The justices could say as early as Monday what they’ll do.’
https://apnews.com/article/supreme-court-same-sex-marriage-kim-davis-cf8de49d51872e55eda46947f8ea8231
Telling, is it not, how even within the other-worldly heirarchy of government, it’s the lowest level such as Kim Davis who are held responsible — not the Faucis, Walenskys, and Bourlas who mass murder with impunity, hurting the feelings of millions of their victims’ families.
It seems carpet-munching dykes always win and are never held responsible, especially when they receive forced marriage certificates and wedding cakes.
They are a scourge to society even more than homo men.
Amen, Nixon, Amen!
As I recall, Martha Stewart did jail time for an insider trade that netted her around ten thousand dollars. Nancy Pelosi engaged in insider trading through her husband and is now worth over a hundred million dollars. Martha Stewart built a multi million dollar business on her own without any help from the government. Nancy Pelosi is a scummy, worthless government parasite who never built anything in her entire miserable life.
Oh and BTW, Nancy and Paul Pelosi live in San Francisco’s SWANKY Pacific Heights neighborhood! If you want to do well at investing, just emulate what the Pelosis do.
“The R.J. Scaringes and Elon Musks rely on forced markets that reward the production of that which the market does not value – and are rewarded fulsomely for exploiting the leverage – Rand called it “pull” – that is the engine of degenerate “capitalism.” ” – Eric
This is the essence of Fascism. That is, the merging of Corporations and The State. It’s also known as the Public/Private Partnership. Without GovCo’s backing Tesla, Rivian and others could not make it in the marketplace.
Just like Oscar Schindler. The movie about him is one of the most illuminating works of economic cinema ever produced. Oscar the Great, after the war, repeatedly failed in his business ventures because he didn’t have GovCo backing. Period.
Remember both Communism and Fascism are outgrowths of Marxism, just different branches. And Marxism is the original Judaic political philosophy.
“Remember both Communism and Fascism are outgrowths of Marxism, just different branches. And Marxism is the original Judaic political philosophy.”
I will give you one better. Death is a concept born out of Judaism too. You are doomed to die at some not-too-distant moment in the future because of it. Absent Judaic political philosophy you would live in the Garden of Eden into eternity.
Incidents like these show that the very rich can also have a parasitic relationship with society.
‘can’ –> ‘usually’ –> ‘nearly always’
Nineteenth century railroad barons were totally dependent on exclusive state licenses. (The US fedgov would issue those today.)
John D Rockefeller, in turn, got rich from secret, discriminatory railroad freight rates and rebates. The railroads provided these as a way to guarantee a high volume of business with Standard Oil. These arrangements severely disadvantaged competitors, who had to pay higher rates.
Likewise, today’s Tech Lords contract with Big Gov while building ‘moats’ (as Uncle Warren calls them) to keep upstarts out. They’ve created a bubble which will immiserate millions when it pops.
‘Nvidia now makes up 8.6% of the S&P 500, the highest weighting for any single stock in the index on record. Nvidia, Microsoft, and Apple represent over 22% of the index, the highest on record for any 3 stocks.’ — Charlie Bilello. Oh, look out! Chart:
https://postimg.cc/XX5TYGDj