Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Libs like big government why don't they like big business? They seem to equate capitalism with big business.

i asked a question earlier and found that 1. capitalism takes on a negative tone with libs. 2. libs consider capitalism and conservatism the same thing. 3. there is no good big business.

don't give all that no restraints on business stuff. i'm not talking about strip minning or labor unions. common sense is what i want. assume the business is operating on fair principles with a healthy desire to succeed and be profitable and yes make share holders money.

7 Answers

Relevance
  • dstr
    Lv 6
    1 decade ago
    Favorite Answer

    It is now common for corporations to renege on paying out promised pensions and benefits. Corporations file for bankruptcy and the courts expunge them from having to pay workers their long anticipated pensions. Corporations receive court protection from having to make pension payments. The State picks up the tab by making pension payments through the US Pension Benefit Guaranty Corporation. In other words, the people make up the shortfall by paying themselves. It is not surprising that corporations prefer the federal government picking up the pension tab. There are a huge number of baby Boomers with pensions, IRAs, TSAs ready to start collecting on their investments, annuities and Social Security. What great rewards corporations would accrue if these payouts were to simply disappear? On June 16, 2006, the Houston Chronicle in an article entitled, "Delta to Request End to Pilots' Pensions " stated,

    In a letter to U.S. Sen. Johnny Isakson, that also was sent to other members of Congress, Delta CEO Gerald Grinstein said Delta will ask that the pilots' pension be terminated effective Sept. 2. UAL Corp.'s United Airlines, the nation's No. 2 carrier, did the same thing when it was in bankruptcy protection.

    The US Pension Benefit Guaranty Corporation has in the past exhausted its entire multi-billion dollar surplus as a result of big corporate bankruptcies.

    Both the Chicago Tribune and the New York times in their May 11, 2005 editions reported that a bankruptcy judge in Chicago ruled that United Airlines may turn over its pension plans to the federal government. The court determined that such a transfer was permissible in order to help the corporation exit from bankruptcy protection. At the time this was the largest pension default in United States history. United Airlines employees lost $3 billion in retirement benefits affecting more than 134,000 workers. With the loss of pensions, Social Security becomes even more important for the working class. It is no accident that Bush regime tried to destroy Social Security. The capitalist mindset demands that all capital must be continuously in flux making more capital. Should the process fail, the working class is always called upon to make up for it through the sweat of their labor. Those who create all the wealth always bail out those who exploit them. Guaranteed security for the working class is anathema to the owning class. Exploitation cannot take place where a social safety net exists. Manipulation of the working class is more difficult when workers have options. Eliminate the social safety net; what better way to avoid having to make the payouts than to bankrupt the entire economic system? A profound depressing of the economy facilitates the probability that pension payouts will not have to take place at all. In other words, let the big meltdown happen so all obligations to the working class can be expunged.

    • Login to reply the answers
  • 3 years ago

    super agency in basic terms scares me whilst that's married to important government. intentionally removing or significantly dimishing an entire marketplace isn't an option in a unfastened society. So the excellent element to do is to decrease the dimensions of government, the motor vehicle by potential of which super bussiness would impose its will. undergo in recommendations, that's government that makes regulations and has the potential to enforce them (weapons, armies ect.).

    • Login to reply the answers
  • 1 decade ago

    Well, as a liberal, I neither trust Big Government, or Big Business. I think we need to keep an eye on both to avoid problems like we face today. The W. Bush administration is the largest government since LBJ and well it seems well out of control, and well ENRON seems to be just the tip of the ice berg. Liberals attempt to correct imbalances in the free market with regulations. These are by no means perfect, but what is?

    BTW the definition of a liberal in political terms is someone who believes in Representative or democratic government and the rights of the individual, so even conservatives are really Liberals....

    • Login to reply the answers
  • Anonymous
    1 decade ago

    I'm a "lib" and I am all about removing taxes completely from people making minimum wage but keeping all other taxes the same.

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Bunz
    Lv 5
    1 decade ago

    Libs don't like personal responsibility or accountability, they'd rather have the government make all of their decisions and provide all the things and services they need in life! The liberal/socialist ideals will bring this country down!

    • Login to reply the answers
  • 1 decade ago

    The reason liberals don't like capitalism is because they are socialists. They believe everyone should be equal and rely on the government for everything.

    • Login to reply the answers
  • 1 decade ago

    Seriously dude. The Repugs spend more on black operations in the military than the Democrats can spend on your average American Joe.

    Wake up and pull you head out of the sand. I prefer to talk to your better half. Assuming you aren't a total ignorant.

    • Login to reply the answers
Still have questions? Get your answers by asking now.