Posted tagged ‘Too big to fail’

Too Big To Fail GM vs. Too Small To Save Hostess

August 8, 2013
Box of Twinkies

Box of Twinkies (Photo credit: Wikipedia)

FREE MARKET CAPITALISM OR CRONY CAPITALISM

I noticed Hostess products are back on the shelves again in grocery stores. It leaves me scratching my head about how this could possibly have happened because I thought they went bankrupt. I remember when GM was going to go bankrupt we were told that GM needed to be bailed out to save the company and all the jobs, because we couldn’t see an America without GM. The politicians and the media were banging this drum as loudly as they could, leaving the impression that if Government (using yours and my money) didn’t step in to help, GM would go under and cease to exist. When Hostess declared bankruptcy, the politicians and theĀ  media weren’t beating the same drums, in fact the drums were silent. I guess if GM was “too big to fail”, and Hostess was “too small to save”! Apparently the only thing that saved GM from going extinct, was the rigged crony capitalist bankruptcy set up (more…)

Independence Day Follow Up

July 5, 2013

I saw these cartoons at Monty Pelerin’s World, at economicnoise.com. They make you laugh on the one hand, and soberly contemplate where we are on the other.

independenceday

libert02_600

THE NEXT AMERICAN REVOLUTION

This article titled The Next American Revolution by Charles Hugh Smith at oftwominds.com, is a view into the future from his crow’s nest. CHS always makes you think. Here are a few excerpts from the article.

“The next American Revolution will not be an event, it will be a process. We naturally turn to the past for templates of the future, but history has a way of remaining remarkably unpredictable.” (more…)