Cheapitalism is what we should really call Capitalism!

Capitalism has resulted in cheapitalism darkxshade, Aug 12, 2010


We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.


Article I

Section 8. The Congress shall have power… To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;

The laws of the United States hold that a legal entity (like a corporation or non-profit organization) shall be treated under the law as a person except when otherwise noted. This rule of construction is specified in 1 U.S.C. §1, which states: In determining the meaning of any Act of Congress, unless the context indicates otherwise– the words “person” and “whoever” include corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals;

I feel it CHEAPENS me as a human being to be placed in the same category with corporations, companies, associations, firms, partnerships, societies, and joint stock companies.

It appears to me that Congress has created “super persons” in the form of corporations, companies, associations, firms, partnerships, societies, and joint stock companies endowed with “super rights”.

What do Corporate “persons” get from your local, state, and federal governments that regular citizens don’t:

  1. Free or cheap land (also includes CHEAP resource and mineral rights)
  2. Infrastructure assistance (CHEAP infrastructure (e.g., buildings, roads, and power supplies)
  3. Tax-increment financing (CHEAP local property tax and subsidy for the development)
  4. Property tax breaks (CHEAP property taxes)
  5. State corporate income tax credits (CHEAP operating costs)
  6. Sales tax rebates (CHEAP operating costs)
  7. Enterprise-zone (and other zone) status (CHEAP operating costs)
  8. Financial maneuvering between subsidiaries to avoid State and Federal income taxes. (CHEAP taxes)
  9. Transfer pricing manipulation or trade mispricing, involves corporations’ charging their overseas subsidiaries lower prices for goods and services, a common move that lowers a corporation’s tax bill. It is estimated that about 60 percent of international trade happens across national boundaries but within the same corporate group. (CHEAP taxes)
  10. Two out of every three United States Corporations (Corporate “persons”) paid NO federal income taxes from 1998 through 2005, according to a report by the Government Accountability Office, the investigative arm of Congress. (They literally had TAX-FREE TRADE as far as federal income tax is concerned)
  11. U.S. News & World Report By Katherine Peralta, Staff Writer |Dec. 11, 2014, at 4:57 p.m. Outsourcing to China Cost U.S. 3.2 Million Jobs Since 2001. (CHEAP labor)

I ask you:

Does it appear to you that all “persons” get equal treatment under the law?

How do Corporate “persons” that are to be regulated by Congress get to influence the election of the people’s representatives in Congress?

When Corporate “persons” declare themselves as Multi-National are they really American citizens anymore?

Do corporations, companies, associations, firms, partnerships, societies, and joint stock companies have “personhood” endowed by their Creator?

Do you see a trend; Capitalism values CHEAPNESS above everything else.

Raj Patel, a food justice activist and professor at the University of Texas at Austin together with Binghamton University professor Jason W. Moore have written “A History of the World in Seven Cheap Things” (University of California Press, 2017), which aims to put it all together for us. The seven “things” of the title aren’t physical objects as much as they are a hidden social, ecological and economic infrastructure: nature, money, work, care, food, energy, and lives. The point being that CHEAPNESS is a process of responding to economic crises by DEVALUING (CHEAPENING) each of those forces so that CAPITALISM CAN CONTINUE TO CONCENTRATE WEALTH IN THE HANDS OF THE ALREADY-WEALTHY (This is the ONLY THING that capitalism doesn’t CHEAPEN!) In that sense, “CHEAP NATURE” refers to the way in which land and its resources are systematically given away to businesses for exploitation, “CHEAP WORK” refers to slavery and other anti-worker tactics that keep wages low, and so on.


Raj Patel: A History of the World in Seven Cheap Things

New York Times columnist Thomas Friedman once said, “I believe in capitalism. But capitalism only works if you have safety nets to deal with people who are naturally left behind and brutalized by it.”