Last week, Sears announced the closing of 120 Sears and K-Mart stores. (Sears owns K-Mart.) As part of the NPR report on this news, a retail expert pointed out that when Wal-Mart and Target had invested in renovating their stores, improving the lighting and layout, etc. The hedge fund that owns Sears had used their extra cash to buy up Sears stock in the expectation that a shortage of stock would drive up the price for benefit of those who owned it. The dingy, dated stores that were left to languish did not attract shoppers. Sales dropped off until the bean counters decided the best way to show a profit was to cut stores and personnel.
Business owners like that are the “job creators” that Romney and the Republicans want to protect from regulations and taxes. I mention Romney because he recently proclaimed that he did not want the United States to be like Europe. Of course, not like the Europe of today. The direction he’s heading will make the U.S. more like the the Europe of the 15th Century, with a handful of superrich nobles riding on the backs of the rest of the population. That’s freedom to Mitt Romney.
Lawrence Lessig wrote Republic, Lost: How Money Corrupts Congress--And a Plan to Stop It, in which he points out that the country is not run by the top 1%, but by the .05% who finance political campaigns. The question is how the rest of us can take the country back. The campaign contributers find that putting money in political coffers is a very economical way to get the favorable treatment that keeps them rich. For Congressional office holders for whom elections have become so expensive that they spend half their time fund raising, the opportunities for extortion that expiring subsidies and regulations create are irresistable. The lawmakers are not going to change the system. They’ve legalized corruption.
Don’t look to the Tea Partiers who are more concerned with redefining Christianity as the faith that turns its back on its neighbors and squeezes camels through needle eyes. The Occupy Wall Streeters have got to get out of their tents, stop complaining and stand for something. Conservatives love to march in time with each other. For them, unity is more important than truth—or thought. Liberals can’t agree on which way to walk in a revolving door.
What to do? George Bernard Shaw said, “The more I see of the moneyed classes, the more I understand the guillotine.” It may come to that. If we keep going in the same direction, and can’t get focused on political solutions, bad things are bound to happen.
Happy New Year!