It’s You Vs. Corporations

The Left Right Paradigm is Over: Its You vs. Corporations

By Barry Ritholtz – September 27th, 2010, 9:30AM

Every generation or so, a major secular shift takes place that shakes up the existing paradigm. It happens in industry, finance, literature, sports, manufacturing, technology, entertainment, travel, communication, etc.

I would like to discuss the paradigm shift that is occurring in politics.

For a long time, American politics has been defined by a Left/Right dynamic. It was Liberals versus Conservatives on a variety of issues. Pro-Life versus Pro-Choice, Tax Cuts vs. More Spending, Pro-War vs Peaceniks, Environmental Protections vs. Economic Growth, Pro-Union vs. Union-Free, Gay Marriage vs. Family Values, School Choice vs. Public Schools, Regulation vs. Free Markets.

The new dynamic, however, has moved past the old Left Right paradigm. We now live in an era defined by increasing Corporate influence and authority over the individual. These two “interest groups” – I can barely suppress snorting derisively over that phrase – have been on a headlong collision course for decades, which came to a head with the financial collapse and bailouts. Where there is massive concentrations of wealth and influence, there will be abuse of power.  The Individual has been supplanted in the political process nearly entirely by corporate money, legislative influence, campaign contributions, even free speech rights

Click on the above link to read the entire piece.

Ritholtz makes it pretty clear that while we’ve all been surfing the net for pornography, the corporations have won and we have lost.

The 1880's were also a bad time for the little guy.

Complete Harpers Week Explanation:

This double-page cartoon by Thomas Nast mimics an earlier Nast cartoon,
“The ‘Silent’ (Democratic) Majority” of August 28, which both praises
Democratic presidential nominee General Winfield Hancock’s military
heroism at Gettysburg and condemns his political association with the
Democratic party. Here, the focus is English’s reputation as a rich banker
whose ruthless foreclosure policies led to the impoverishment and early
deaths of his struggling former patrons. English looks down at the sign for
the cemetery where his victims lie. In the left-background, a family watches as their home and few worldly belongings are auctioned to the highest bidder, while vultures circle overhead.

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