Saturday, August 28


The "trickle down" economic theory posits the notion that those at the bottom benefit most when those at the top benefit most. Therein lies the inherent contradiction.

"Run the country as a business!," decry the corporate pundits. "Efficiencies only occur in the private sector!"

Let me ask you then: How efficient is your elderly Mother? Or baby daughter? Or Alzheimer's patient?

How "efficient" is the infrastructure in Newfoundland?

Corporate profit imperatives are not the only principles by which a society can be run.

A government's role is not only about creating the conditions for corporate success, with the assumption those efficiencies simply "trickle down" to the bottom rung of the social classes.

Governments, by definition, do different things than big business. Governments, like citizens, are not shareholders.

Does that mean that governments, like multi-nationals, should be unbridled?

The answer is no. Government bureaucracies never seem to have enough money. In that way, their self-interest and greed takes on a life of its own. Like an organism that exists to feed--like corporate profits.

And while big cities inherit, by magnitude, social problems that other places don't, many of those problems can be immediately helped by throwing money at them directly--from the bottom up, in other words.

A healthier bottom also helps big business. Can there be a "trickle up"?

We're seeing the attenuation of the middle class, who are shouldering a disproportionate amount of the tax burden.

Do corporate elites secretly, or unconsciously, prefer a land-holder position like earlier agrarian societies, or third world countries like Latin America and the Philippines where millions go without and a small group of families have everything?

While corporations have moved into a hyper "post-national" phase, the citizens--at least the ones who are not shareholders--remain circumscribed.

Profits don't need passports.

And they don't have faces either.