Michael Bloomberg is a Globalist & Warmonger; he strongly supported TPP
& Iraq War
Newsletter published on November 25, 2019
(1) Bloomberg lobbied Obama for TPP (2016)
(2)
Bloomberg: No more important legislation to the US than passing the
TPP
(2016)
(3) Bloomberg on TPP: "Yes, it will bring economic growth to all
countries involved" (2016)
(4) Bloomberg: Congress Should Pass TPP Before
Next President Takes
Office (2016)
(5) Bloomberg supported Iraq War, said
justified by 911 attack on WTC
(yet Iraq did not do it)
(6) Bloomberg
"quiet, unambiguous support" for invasion of Iraq (2007)
(7) Editorial board
of Bloomberg News joins Bloomberg for President campaign
(8) Bloomberg: Don't
Raise My Taxes
(9) Bloomberg and his fellow oligarchs lay down the law: Not a
penny
more in taxes
(1) Bloomberg lobbied Obama for TPP
(2016)
https://www.politico.com/story/2016/09/TPP-obama-kasich-Bloomberg-228256
Kasich,
Bloomberg and others to talk TPP with Obama
By MEGAN CASSELLA 09/15/2016
08:37 PM EDT
Ohio Gov. John Kasich, former New York Mayor Michael
Bloomberg and a
handful of business and government leaders are headed to the
Oval Office
on Friday to discuss the Trans-Pacific Partnership.
The
meeting will give President Barack Obama an opportunity to hear from
a
bipartisan group on how the troubled 12-nation trade pact, if passed,
would
benefit the country and how they might work together to implement
the
deal.
During the meeting, Obama will also talk about his recent trip to
Asia —
"which only underscored how important the TPP is to our leadership
role
in the region" — as well as how the United States' standing in the
Asia-Pacific region will be damaged if the deal is not passed, a White
House official said.
Louisiana Gov. John Bel Edwards, Atlanta Mayor
Kasim Reed and former
Treasury Secretary Henry Paulson are also expected to
be in attendance
at the meeting, as well as IBM President and CEO Ginni
Rometty and
former NATO Supreme Allied Commander James
Stavridis.
Kasich and Bloomberg are known as longtime supporters of trade
deals,
including TPP. They, along with the other expected White House
guests,
"are representative of the broad coalition that has come together to
support the Trans-Pacific Partnership," the White House said. ...
(2)
Bloomberg: No more important legislation to the US than passing the
TPP
(2016)
https://www.smh.com.au/politics/federal/malcolm-turnbull-meets-michael-Bloomberg-as-he-steps-up-case-on-TPP-trade-pact-20160920-grjyff.html
Malcolm
Turnbull meets Michael Bloomberg as he steps up case on TPP
trade
pact
By Mark Kenny
Updated September 20, 2016 — 9.49amfirst
published at 7.47am
Malcolm Turnbull has enlisted key American political
figures including
the billionaire former New York mayor Michael Bloomberg,
in his charm
offensive aimed at saving the giant Trans-Pacific Partnership
trade
liberalisation pact.
But he acknowledged that advocates of
globalisation were in retreat,
having often failed to make the benefits of
free trade and foreign
investment tangible for those communities most
immediately affected by
the "offshoring" of jobs. ...
After touring
the New York Stock Exchange and addressing media on the
trading floor, Mr
Turnbull also held one-on-one talks with prominent
businessman, Michael
Bloomberg.
Speaking ahead of those talks, the former New York mayor said
there was
no more important legislation to the US than passing the
TPP.
Mr Bloomberg said America should go further still by inking similar
agreements with the United Kingdom and the European Union.
"I don't
think there's anything that is more important to this country
in terms of
legislation than passing TPP," the billionaire businessman said.
"It
would be a terrible shame for America, which is my main interest,
but also
all of our partners, trading partners around the world."
Last Friday Mr
Bloomberg had been among a group of politicians and
business leaders invited
to discuss the trade pact at the White House by
President Barack Obama.
...
(3) Bloomberg on TPP: "Yes, it will bring economic growth to all
countries involved" (2016)
https://www.isidewith.com/candidates/michael-Bloomberg/policies/economic/trans-pacific-partnership
Michael
Bloomberg’s policy on trans-pacific partnership
Do you support the
Trans-Pacific Partnership (TPP)?
MICHAEL BLOOMBERG Yes, it will bring
economic growth to all countries
involved
(4) Bloomberg: Congress
Should Pass TPP Before Next President Takes
Office (2016)
https://www.newsmax.com/finance/markets/michael-Bloomberg-congress-pass-TPP/2016/09/16/id/748620/
Bloomberg:
Congress Should Pass TPP Before Next President Takes Office
By Mark
Swanson | Friday, 16 September 2016 08:59 AM
Congress should pass
the Trans-Pacific Partnership trade pact this year,
before the next
president takes office, Michael Bloomberg says.
Despite the cause célèbre
TPP has become — both Donald Trump and Hillary
Clinton oppose it — most
Americans, economists and business leaders
believe more trade is good for
the economy, writes Bloomberg, former
mayor of New York City.
"Global
trade opens up new markets to American businesses, creating new
opportunities to grow," Bloomberg wrote.
"In fact, the U.S. actually
runs a cumulative trade surplus in
manufactured goods with our 20 trade
agreement partners, and we've long
run global trade surpluses for services
and agricultural products. But
you wouldn’t know that by listening to the
presidential candidates."
Bloomberg co-authored the piece with Thomas
Donohue, president and CEO
of the U.S. Chamber of Commerce.
(5)
Bloomberg supported Iraq War, said justified by 911 attack on WTC
(yet Iraq
did not do it)
https://www.theamericanconservative.com/larison/friedmans-Bloomberg-fetish-and-centrist-foreign-policy/
Friedman’s
Bloomberg Fetish And "Centrist" Foreign Policy
APRIL 18, 2012|10:53
AM
DANIEL LARISON
It is easy (and necessary) to criticize Tom
Friedman columns, so I’ll
leave that in the capable hands of Doug Mataconis.
Instead, it might be
helpful to use this latest exercise in idolizing a
famous "centrist" as
a reminder that many famous "centrists" have a poor
record when it comes
to foreign policy. Tom Friedman’s egregious errors on
this score are
already well-documented and properly ridiculed, but
Bloomberg’s strong
support for the Iraq war often goes unmentioned. A 2007
New York Times
article referred to Bloomberg’s early Iraq war
support:
In May 2004, a year after the invasion, Mr. Bloomberg served as
host to
Laura Bush, who had come to New York in an effort to rally support
for
the war effort. Mrs. Bush visited a memorial for Sept. 11th victims.
Standing next to Mrs. Bush, with the Statue of Liberty in the
background, Mr. Bloomberg, right, suggested that New Yorkers could find
justification for the war at the World Trade Center site [bold mine-DL],
even though no Iraqi is known to have had a hand in the Sept. 11
attacks.
"Don’t forget that the war started not very many blocks from
here,"
[bold mine-DL] he said that day in 2004.
Here you have
Bloomberg repeating one of the most outrageous lies
uttered by pro-war
figures during that decade. As we all know, the idea
that the Iraq war was
in any way justified by the 9/11 attacks is
completely false, and it was
part of some of the worst pro-war
propaganda of the first few years of the
war. Even if he was nominally a
Republican at the time, Bloomberg’s support
for the Iraq war doesn’t say
much for his foreign policy judgment. This
episode should be yet another
a reminder that "centrists" often endorse the
same bad policies favored
by other hawkish ideologues.
ABOUT THE
AUTHOR
Daniel Larison is a senior editor at TAC, where he also keeps a
solo
blog. He has been published in the New York Times Book Review, Dallas
Morning News, World Politics Review, Politico Magazine, Orthodox Life,
Front Porch Republic, The American Scene, and Culture11, and was a
columnist for The Week. He holds a PhD in history from the University of
Chicago, and resides in Lancaster, PA. Follow him on Twitter.
(6)
Bloomberg "quiet, unambiguous support" for invasion of Iraq (2007)
https://www.nytimes.com/2007/06/23/nyregion/23about.html
A
Mayor Often Ill at Ease, and Usually Muted on Iraq
By JIM DWYER JUNE 23,
2007
The mayor’s lips are pursed. The tuxedo-and-gown dinner crowd in the
Pierre hotel ballroom has fallen still, just a few spoons rattling along
the rims of dessert plates. At the very front of the room, the spotlight
has settled on Michael R. Bloomberg. Someone is reading an award
citation for his work as mayor. Mr. Bloomberg oscillates. He bounces on
his toes, nods his head. His eyes appear to be pinned open. Though he
has not uttered a word, Mr. Bloomberg’s body seems to all but scream:
Get me out of here.
It is easy to watch him going through the motions
of the routine antics
of public officialdom — the giving of plaques, the
issuing of
proclamations, the receiving of medals — and believe that he
shows up
only because, somehow, if just through body language, he can sneer
at
the ceremony. That the soul of a punk-rocker has been wrapped in
custom-tailored suits.
By quitting the Republican Party, Mr.
Bloomberg has made himself
available for a presidential campaign, ready for
voters who like their
coffee strong. Yet for all his bluntness, Mr.
Bloomberg has kept his
lips pursed on the defining exercise of American
power in the 21st
century — the invasion of Iraq — except to offer quiet,
unambiguous support.
At the Pierre on Thursday, as the gold medal of the
Foreign Policy
Association was draped around his neck in honor of his
efforts at
education reform, Mr. Bloomberg ducked his head and managed the
barest
of smiles.
Mr. Bloomberg combines frank indifference to ritual
with what seems like
a full-brained embrace of problems: Here are 158 pages
on how the city
can cut the amount of carbon fuels it burns. Here’s a new
telephone
number for all city services. Here’s a reorganized school
system.
He raced through his speech Thursday evening without bothering
much
about the oratory, but still managed to offer a panoramic view on a few
topics. He noted that in a global economy, a weak education meant
second-class citizenship. Without 400,000 to 500,000 immigrants every
year, he said, the country would not have enough people to pay for
Social Security, to start new businesses, or to refresh the culture. And
how, he asked, could the United States have visa rules that forced
brilliant foreign graduate students who had gotten American degrees to
leave the country?
"We just have to stop this craziness, and
understand who we are, and not
be so threatened by terrorism that the
terrorists win without firing a
shot," he said.
Although he was
speaking to a foreign policy group, Mr. Bloomberg barely
mentioned Iraq or
the central role that the city was assigned in the
justification for the
war.
In May 2004, a year after the invasion, Mr. Bloomberg served as host
to
Laura Bush, who had come to New York in an effort to rally support for
the war effort. Mrs. Bush visited a memorial for Sept. 11th victims.
Standing next to Mrs. Bush, with the Statue of Liberty in the
background, Mr. Bloomberg, right, suggested that New Yorkers could find
justification for the war at the World Trade Center site, even though no
Iraqi is known to have had a hand in the Sept. 11 attacks.
"Don’t
forget that the war started not very many blocks from here," he
said that
day in 2004.
Apart from these remarks and other comments about the cruel
history of
Saddam Hussein, Mr. Bloomberg has said little about the war or
other
foreign affairs; to do so, he and his aides have said, would be a form
of grandstanding for which he has no taste.
A few hours before the
mayor gave his speech on Thursday night, American
military officials
announced that 14 more soldiers had been killed in
two days. And for Iraqi
civilians, the death toll of 9/11 is not a
once-in-an-epoch moment, but
often the monthly body count in the
morgues. In his speech, Mr. Bloomberg
remarked on the sacrifice of
soldiers and what he implied was the
ingratitude of people opposed to
the war.
"We shouldn’t forget that
we have young men and women overseas fighting
and dying, sadly, so that we
can protest," he said. "I sometimes think
young protesters don’t realize
that their right to protest is not
something that they would have elsewhere,
and it’s a right that has to
be fought for continuously."
As for
those who made the decision to go to war, Mr. Bloomberg’s lips
remained
firmly sealed.
E-mail: dwyer@nytimes.com
A version of this
article appears in print on , on Page B1 of the New
York edition with the
headline: A Mayor Often Ill at Ease, And Usually
Muted on Iraq.
(7)
Editorial board of Bloomberg News joins Bloomberg for President
campaign
https://www.wsws.org/en/articles/2019/11/25/bloo-n25.html
Billionaire
Bloomberg enters race for Democratic presidential nomination
By Patrick
Martin
25 November 2019
Billionaire media and financial services
mogul Michael Bloomberg
announced Sunday morning that he was entering the
contest for the
Democratic presidential nomination, two days after his
campaign
purchased $37 million worth of television time for an unprecedented
two-week advertising campaign to begin Monday.
Bloomberg, elected to
three terms as mayor of New York City as a
Republican and an independent,
who registered as a Democrat only in
2018, aims to use his massive wealth to
influence the outcome of the
2020 presidential election. He had previously
pledged to spend at least
$500 million to defeat Trump. He could spend far
more than that in a bid
to get himself elected.
The scale of the
advertising campaign is truly staggering. The $37
million advertising "buy"
completed Friday is more than the combined
advertising carried out by all
other Democratic candidates since the
campaign began, with the exception of
fellow billionaire Tom Steyer, who
has pumped $32 million into promoting his
own campaign over the past few
months, with no noticeable result.
The
$37 million Bloomberg spent last week is less than 0.1 percent of
his
estimated fortune of $53 billion, and yet it exceeds the $33 million
war
chest accumulated by Senator Bernie Sanders over the eight months
since he
launched his campaign. Sanders has the largest amount of cash
raised from
campaign contributions, almost entirely over the internet,
but both Steyer
and now Bloomberg have surpassed him in the size of
their campaign
kitty.
According to press reports citing advertising industry sources,
Bloomberg’s campaign has bought up television time on an unprecedented
scale. The New York Times called it "a show of financial force that
signals his willingness to use his vast personal fortune to reshape the
Democratic presidential race." [...]
His top campaign strategist,
Howard Wolfson, has already tried to debunk
criticism that Bloomberg’s
campaign was driven by concern over a
potential Sanders or Warren
nomination. "He didn’t just wake up and say,
‘Oh my God, the socialists are
going to be running the country; I better
run for president,’" Wolfson said.
"He woke up and said, ‘Oh my God,
Donald Trump is going to be reelected; I
better run for president.’"
Campaign aides cited a series of polls
showing that Biden’s campaign was
falling behind in Iowa and New Hampshire,
and that Trump was now even
with Warren and Sanders in many of the Midwest
battleground states,
including Wisconsin and Michigan.
It is clear
that two factors have combined to spur Bloomberg to join a
contest which he
publicly disavowed last February. The first is the
damage done to the Biden
campaign by the revelations of the actions of
his son Hunter Biden in
Ukraine, where he raked in $50,000 a month
serving on the board of a corrupt
gas company, Burisma. While the
Democrats intend to impeach Trump for
seeking a Ukrainian investigation
of the Bidens, the reporting on Hunter
Biden’s role may have dealt his
father’s presidential campaign a fatal
blow.
The second factor is the rise of Elizabeth Warren in polls in all
four
of the February contests, and in national polls as well, and the
recovery of Sanders since his heart attack in September. The combined
support for the two candidates stands at close to 40 percent in most
states, a clear signal that large numbers of voters are attracted by
their attacks on social inequality and against the domination of
American politics by corporations and billionaires.
Even though
Sanders and Warren themselves are fervent supporters of the
profit
system—Warren says she is "capitalist to my bones," while
Sanders’
"socialism" is purely rhetorical—the financial aristocracy is
fearful that
even their watered-down appeals against corporate greed are
too dangerous,
under conditions of mounting struggles of the working
class against big
business.
In addition to his vast wealth, initially accumulated through
the sale
of data terminals used in every stock brokerage and financial
office,
Bloomberg has a thoroughly reactionary record as mayor of New York
City
from 2001 to 2013. He was particularly identified with the police-state
tactic known as "stop and frisk," under which working people,
particularly blacks and Latinos, were subjected to arbitrary police
harassment.
At the peak of "stop and frisk," in 2011, police made
685,724 stops
without a warrant or probable cause, nearly all involving men,
and
nearly 90 percent black or Hispanic, most without any result in terms of
criminal prosecution. In only 0.15 percent of the cases, about one in
700 stops, was a weapon found.
Bloomberg adamantly upheld stop and
frisk throughout his terms as mayor,
and as recently as earlier this year,
when he defended the program from
criticism by civil liberties and
anti-racist groups. But last Sunday, a
week before he announced his
presidential campaign, he visited a black
church in Brooklyn to publicly
"apologize" for stop and frisk and
declare that he had been
wrong.
According to press accounts, Bloomberg followed up the church
service
with a phone call to the Reverend Al Sharpton, who is always willing
to
provide a bit of absolution to a high-profile offender against workers
and youth, provided a check is in the mail.
The ex-mayor’s financial
empire will help his campaign with more than
money. The entire editorial
board of Bloomberg News has resigned, with
seven of them taking lucrative
positions on the staff of the Bloomberg
for President campaign, in what
amounts to a devastating exposure of the
real nature of the capitalist
press.
Bloomberg can also expect a friendly reception from the New York
Times.
Two members of its stable of columnists have already declared their
gushing support, neoconservative Bret Stephens and Thomas Friedman, the
leading editorial cheerleader for the Iraq War.
Friedman wrote that
it was "nonsensical" that "‘billionaire has become a
dirty word and a
disqualifying status for many in the left of the
Democratic Party." He added
that he wanted a Democratic candidate who
would promote capitalism, "not one
who tries to rile up the base by
demonizing our most successful
entrepreneurs."
(8) Bloomberg: Don't Raise My Taxes
https://www.thedailybeast.com/lindsey-graham-on-gaddafi-mccain-on-nato-Bloomberg-and-more-sunday-talk
Bloomberg:
Don't Raise My Taxes
See, billionaires are just like regular people. New
York City Mayor
Michael Bloomberg doesn't want his taxes raised, unlike some
other
billionaires. On Fox News Sunday, Bloomberg said if there were to be a
tax hike, it would have to be done with "meaningful cuts" in a
"believable timeframe."
(9) Bloomberg and his fellow oligarchs lay
down the law: Not a penny
more in taxes
https://www.wsws.org/en/articles/2019/11/14/pers-n14.html
14
November 2019
Many of the billionaires who own America and consider it
their fiefdom
have rallied behind one of their own, Michael Bloomberg, who
last week
announced a potential run for the Democratic presidential
nomination.
Bloomberg, the three-time former mayor of New York and
founder of
Bloomberg News, is himself worth an estimated $53 billion,
placing him
ninth on the list of wealthiest Americans. He let it be known
that he
was taking steps to enter the race pending a final decision to run,
reversing his announcement last March that he would not run because he
believed former Vice President Joe Biden had a lock on the
nomination.
The immediate developments that triggered his announcement
were the rise
in the polls of Elizabeth Warren at the expense of Biden, the
right-winger favored by the Democratic Party establishment and Wall
Street among the current field of candidates. Polls show Warren leading
in the first two primary states, Iowa and New Hampshire, while Biden has
dropped into fourth place behind Buttigieg and Sanders.
The second
event was Warren’s announcement November 1 of a six percent
tax on wealth
holdings above $1 billion as part of her "Medicare for
All" plan. That tax
is on top of a previous proposal to tax holdings
above $50 million at two
percent.
Neither of these taxes would be passed by either of the two big
business
parties, and Warren knows it. The same is true for Bernie Sanders
and
his similar plan to finance "Medicare for All" in part by increasing
taxes on the rich. The two candidates are engaging in populist demagogy
in order to divert growing working-class resistance and anti-capitalist
sentiment behind the Democratic Party, where it can be dissipated and
suppressed.
But the modern-day lords and ladies who inhabit the world
of the
super-rich are indignant over any possibility of having to give up a
part of their fortune to pay for things such as health care, education,
housing and a livable environment. And they are petrified at the
prospect of popular anger against the staggering levels of social
inequality erupting into revolutionary upheavals.
They do not fear
Warren, a self-described "capitalist to my bones," or
Sanders, a
long-standing Democratic Party operative, so much as the
possibility of
reform proposals encouraging social opposition. They want
to block their
candidacies so as to exclude the issue of social
inequality from the 2020
election.
The levels of wealth wasted on this parasitic elite are almost
beyond
comprehension. Here is how economist Branko Milanovic put it in his
2016
book Global Inequality:
It is very difficult to comprehend what
a number such as one billion
really means. A billion dollars is so far
outside the usual experience
of practically everybody on earth that the very
quantity it implies is
not easily understood—other than that it is a very
large amount
indeed... Suppose now that you inherited either $1 million or
$1
billion, and that you spent $1,000 every day. It would take you less
than three years to run through your inheritance in the first case, and
more than 2,700 years (that is, the time that separates us from Homer’s
Iliad) to blow your inheritance in the second case.
And yet, there
are 607 people in the United States with a net worth of
over a billion
dollars.
Bloomberg, a liberal on so-called social issues such as
abortion, gun
control and the environment, is a vicious enemy of the working
class. As
New York mayor from 2002 to 2014, he attacked city workers, laid
off
thousands of teachers, cut social programs and presided over the biggest
transfer of wealth from the working class to Wall Street in the history
of the city. He expanded the hated "stop and frisk" policy that
encouraged police to brutalize working class youth.
Last January he
denounced Warren’s proposal to tax wealth above $50
million as "probably
unconstitutional." Echoing Trump’s anti-socialist
propaganda, he warned that
seriously pursuing the plan could "wreck the
country’s prosperity" and
pointed to Venezuela as an example of the
supposed failure of
"socialism."
Over the past several months, at least 16 billionaires have
gone on
record opposing proposals for a wealth tax. This chorus has grown
more
shrill since the release of Warren’s Medicare plan.
JPMorgan CEO
Jamie Dimon, declaring that "freedom and free enterprise
are
interchangeable," complained on CNBC last week that Warren "vilifies
successful people."
Microsoft founder Bill Gates, whose personal
fortune of $108 billion
places him second in the US behind Jeff Bezos (whose
Washington Post has
run a string of editorials denouncing wealth taxes, the
Green New Deal
and other proposed reforms), said last week, "I do think if
you tax too
much you do risk the capital formation, innovation, the US as
the
desirable place to do innovative companies."
Billionaire Mark
Cuban tweeted that Warren was "selling shiny objects to
divert attention
from reality" and accused her of "misleading" voters on
the cost of her
program.
Hedge fund owner Leon Cooperman, worth a "mere" $3.2 billion,
appeared
on CNBC and said, "I don’t need Elizabeth Warren or the government
giving away my money. [Warren] and Bernie Sanders are presenting a lot
of ideas to the public that are morally and socially bankrupt." A few
days later he announced his support for Bloomberg’s potential
candidacy.
The New York Times, the voice of the Democratic Party
establishment, has
run a number of op-ed pieces denouncing Warren’s wealth
tax proposal,
including one by Wall Street financier Steven Rattner, who
headed up
Obama’s 2009 bailout of GM and Chrysler until he was forced off of
the
Auto Task Force because of corruption charges laid by the Securities and
Exchange Commission. While he was on the panel, he imposed a 50 percent
across-the-board cut on the pay of newly hired GM and Chrysler
workers.
But for fawning toward the oligarchs, viciousness toward the
working
class and yearning for an authoritarian savior from social unrest,
it is
hard to beat this week’s column by the Times ’ Thomas Friedman,
headlined "Why I Like Mike."
Calling for "celebrating and growing
entrepreneurs and
entrepreneurship," he writes: "I want a Democratic
candidate who is
ready to promote all these goals, not one who tries to rile
up the base
by demonizing our most successful entrepreneurs… Increasingly
the
Democratic left sound hostile to that whole constituency of
job-creators. They sound like an anti-business party… The Democrats also
need a candidate who can project strength. When people are stressed and
frightened, they want a strong leader."
This is under conditions of
record stock prices on Wall Street and ever
rising levels of social
inequality. A recent study by economist Gabriel
Zucman showed that the
richest 400 Americans now own more of the
country’s wealth than the 150
million adults in the bottom 60 percent of
the wealth distribution. The
oligarchs’ share has tripled since the 1980s.
In their new book, The
Triumph of Injustice, Zucman and Saez show that
in 2018, for the first time
in US history, the wealthiest households
paid a lower tax rate—in federal,
state and local taxes—than every other
income group. Since 1980, the overall
tax rate on the wealthy in America
has been cut in half, dropping from 47
percent to 23 percent today.
The United States is not a democracy in any
true sense. It is an
oligarchic society, economically and politically
dominated by a slim but
fabulously wealthy elite.
The ferocious
response of the oligarchs to the half-hearted proposals of
Sanders and
Warren to cut into their fortunes underscores the bankruptcy
of their talk
of enacting serious reforms within the framework of
capitalism. The same
goes for the pseudo-left organizations such as the
Democratic Socialists of
America and Socialist Alternative that have
jumped with both feet onto the
Sanders bandwagon, and will no doubt
shift over to Warren should she win the
nomination.
There is no way to address the urgent problems of health
care,
education, housing, the environment and war without directly attacking
the stranglehold over society exercised by the corporate-financial
aristocracy. Their wealth must be expropriated and put toward the
satisfaction of the social needs of the working class, the vast majority
of the population.
The corporations and banks must be taken out of
private hands and turned
into publicly owned utilities under the democratic
control of the
working class, so that the production and distribution of
goods can be
rationally and humanely organized to meet human needs, not
private profit.
1
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