ISAAC HAYES – Hyperbolicsyllabicsesquedalymistic

Global Capital and the Nation State

Robert Reich
Chancellor’s Professor of Public Policy,
University of California at Berkeley;
Author, ‘Beyond Outrage’
Posted: 05/20/2013 10:54 am

As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom — eliciting subsidies and tax breaks from countries concerned about their nation’s “competitiveness” — while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries — and their citizens — need a comprehensive tax agreement that won’t allow global corporations to get away with this.

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. “competitive.”

Baloney.

Enabling Greed Makes U.S. Sick

Bill Moyers
and Michael Winship
Posted: 05/20/2013 12:42 pm

At the end of a week that reminds us to be ever vigilant about the dangers of government overreaching its authority, whether by the long arm of the IRS or the Justice Department, we should pause to think about another threat — from too much private power obnoxiously intruding into public life.

All too often, instead of acting as a brake on runaway corporate power and greed, government becomes their enabler, undermining the very rules and regulations intended to keep us safe.