Cry-baby Capitalism

Cry-baby capitalism is making me sick to my stomach.

Why is that when things are on the way up, we’re all told to buckle up and suck it up and keep up with all of the others that are racing ahead of us as we stumble in our careers or other activities, while on the way down, the world’s (once) largest companies are the first with their hands out for OUR cash?

I have had enough of all of these over-paid stuff-shirts bitching and moaning about how poorly their companies are doing while they do nothing to actually give the market what it wants.

GM was the company that cancelled the electric car years ago.  GM and Ford sat on hydrogen technology until everyone forgot about it.  Lehman Brothers is just sitting on billions in US taxpayer money that it received last month.

Why is this allowed to continue?

Months ago, I wrote in a separate blog that the Ontario government should just buy the whole lot of the North American car manufacturers and fire everyone in the corporate office.

Well, I’m revisiting that idea as a serious proposal because there doesn’t seem to be any other way to make these buffoons move forward with serious and valuable products for Canadians and Americans.  With their track record, giving them ANY of our cash to keep themselves afloat would be a severe waste of money.  Spending it on ownership (and I mean 100%, no holds barred, no execs allowed) would be a better route to letting this charade go on.

I almost (but not really) think that Jim Flaherty is on the right track by not offering cash for the auto sector in Canada, but one has to look at the bigger picture.  We can’t just hand out money because it would expose that the Harpies HAVE NO PLAN.  They ran in the last election without a plan, they’re getting together this weekend to talk about what might make up their plan, but to this point, they’ve had no clue how they’re going to tear up this country (of course, we know they will, claiming it’s hard times and we have to scale back and we can’t create a deficit and all that other neo-con bullshit they fling around).

And then I say to myself, ‘Boy, did we elect the wrong government’.  Oh yeah … most of us DIDN’T .

And at no time is this looking more obvious than when they go down to the US to talk about the plan that they don’t have with someone who obviously does have a plan.  One of three options will emerge:

1. We won’t support car companies, the US will and we’ll be fucked most likely because any conditions will be set to favour US locations.
2. We will support car bailouts along with the US and we’ll be screwed because it’s our money that’s getting wasted on lobbyist and crony capitalists.
3. No one supports the auto manufacturers and at least one of them goes under and we’ll be in a mess because media will whip everyone into a frenzy about the death of manufacturing in Canada.

Of course, we should be making space cars that float along on hydrogen and the $75 billion of our money used to prop up Canada’s ‘oh so unstable banks’ could be used to create the world’s fastest commuter train and get us off fossil fuels forever, but that would require just a mere fraction of vision, a commodity which is more rare than the dodo these days.