CEO thievery indicates need for new system

jobs for all

Mitt Romney on more than one occasion has said that his business experience would make him a good steward of the economy if he were elected president next year.

Really? Maybe I'm missing something, but I find that hard to wrap my head around.

After all, people with business experience brought the economy to its knees; threw millions out of their homes; gutted good paying jobs; tore up collective bargaining agreements; lacerated pensions and savings of working people; pushed our nation's finances deep into the red; and shredded the social safety net.

If justice had its day (and it seldom does), the titans of business would be arraigned in court, tried and sent off to jail for high crimes against the American people.

What they did was not petty theft, but larceny on a grand scale. One might call it "The Great Heist of the 21st Century." But so far barely a one has been indicted, let alone imprisoned.

Now there is probably nothing we can do about this travesty of justice at this point. But it should disqualify Romney and his crowd from any stewardship of the economy either now or in the future.

Indeed if I had my druthers, I would favor working people owning, occupying and running the economy. I have a lot more confidence in the 99 per cent than the 1 per cent as far as economic stewardship is concerned.

Especially now when the system of capitalism whose hallmark is the unending search for maximum corporate profits is at such loggerheads with the pressing needs of working people and the health of the overall economy.

What we need is democratic planning and a operating system that puts people and nature before profits and war making. I call it socialism, but you can call it whatever you like. The name is secondary to the economic and political dynamics and institutions that govern its functioning.

Realistically speaking, socialism isn't on the action agenda at this moment. But, on the other hand, we will never get there if we fail to link our vision of socialism with the immediate struggles of our multi-racial working class and its allies.

For more information about socialism, click here.

Photo: Teresa Albano/PW

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  • Are you sure you want to be writing this critisism about other people when you work for an organization that failed at something simple like selling newspapers ?

    Posted by kandar, 12/11/2011 9:21pm (4 years ago)

  • Good article.
    We may " our vision of socialism with the immediate struggles", or, we make link the immediate struggles with the visions of socialism(thereby proceeding from the real to the goal, instead of the opposite).
    This fine article, brother Sam Webb, sums it up with-"What we need is democratic planning and a operating system that puts people and nature before profits and war making."
    If this is what socialism is, we might ask, who is against it?

    Posted by E.E.W. Clay, 12/09/2011 1:15pm (4 years ago)

  • A sober and flexible call to action. It is important to start thinking, very concretely, of how to develop a democratic economy, especially as conservative politicians consider dropping the word "capitalism" for "free market". We would do well to ask "free for whom?" and advocate a "democratic economy" as a way of creating an economy that gives everyone self-determination. This can already be connected to the union struggle for "democracy in the workplace". As we work to defeat the ultra-right, we must also plant seeds for the next period of struggle as outlined in the platform Webb has linked to. Once the ultra-right is weakened beyond relevance, and "capitalist democracy" is thought of as merely one type of democracy rather than a redundant phrase, our thinking on how to develop "socialist democracy" (or, democracy) can become action.

    Posted by Jean Paul Holmes, 12/08/2011 7:21pm (4 years ago)

  • Concise and to the point. I predict socialism ..or barbarism within the next four years.

    Posted by Charles, 12/08/2011 11:12am (4 years ago)

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