A Philosopher's Blog

Monied Corporations

Posted in Business, Politics by Michael LaBossiere on February 25, 2012

Who said the following?

I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.

 

 

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9 Responses

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  1. T. J. Babson said, on February 25, 2012 at 8:47 am

    Certainly not the person who said this:

    “and I don’t sit around just talking to experts because this is a college seminar, we talk to these folks because they potentially have the best answers, so I know whose ass to kick.”

  2. Nick said, on February 25, 2012 at 11:02 am

    George Bush (junior). Definitley George. I’m sure of it.

  3. dhammett said, on February 25, 2012 at 12:27 pm

    I’m guessing the SC didn’t take Jefferson into consideration when deciding Citizen’s United. . .
    Or this one: “Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor.”

    TJ was a man of many minds.

    I believe that banking institutions are more dangerous to our liberties than standing armies.
    In every country and every age, the priest had been hostile to Liberty.

    And for poor, sweet Sally:
    “Be polite to all, but intimate with a few.”
    “Do not bite at the bait of pleasure, till you know there is no hook beneath it.”
    “The whole commerce between master and slave is a perpetual exercise of the most boisterous passions, the most unremitting despotism on the one part, and degrading submissions on the other. Our children see this, and learn to imitate it.”
    “Do you want to know who you are? Don’t ask. Act! Action will delineate and define you”
    “It is in our lives and not our words that our religion must be read.”

  4. T. J. Babson said, on February 25, 2012 at 4:28 pm

    I think the key phrase is the “aristocracy of our monied corporations.” Aristocracy. I am thinking “too big to fail” here. If they fail, let them fail.

    • anon said, on February 27, 2012 at 11:02 am

      I think the key phrase is the “aristocracy of our monied corporations.” Aristocracy. I am thinking “frogs” here. If they ribbit, let them frog.

      I’m glad you don’t seem to know the definition of aristrocracy or understand the period of time in which Jefferson lived but thanks for playing.

      http://dictionary.reference.com/browse/aristocracy

      • T. J. Babson said, on February 27, 2012 at 11:13 am

        You are off your meds again, anon. Take the little blue pill–you’ll feel better.

  5. dhammett said, on February 25, 2012 at 7:28 pm

    My take on the “too big to fail” issue: Once a corporation is “too big to fail”, it should be, *in fact*, “too big to fail”. That is, failure to save the corporation(s) in question may cause great and ostensibly irreparable harm to the welfare of the US citizenry and perhaps the stability of the world economy.

    Yes, the common man–and I consider myself and many, many people who are much less fortunate than I among that group–the average American and world citizen cannot rightfully be ignored when deciding whether to save or not to save.

    “If they fail, let them fail” sounds easy. Has anyone yet proven that our country and the world would have been in better shape, if we had taken that approach? Not yet. . .”Let them fail” is a blind bet on the future that turns its back on likely immediate consequences to real people in favor of a supposition that such indifference to the consequences of massive failure will “work itself out” in the marketplace. Sorry, but in real life I’m a real person. The welfare and the domestic tranquility promised me in the Preamble trumps any justice that may be established by punishing the banks and corporations, as much as I hate the bastards.

    If the marketplace, which is always going to be inhabited by more than its share of successful snakes and lizards with or without government regulation, can’t prevent corporations from becoming “too big to fail ” in the first place–as I described that phrase in my first paragraph– then how can it ever be claimed that that same marketplace will be able to save anything if all corporate entities that are “too big to fail” are allowed to fail?

    I think this is a useful reference on the subject of bailouts. First a detailed timeline.

    http://projects.propublica.org/bailout/main/timeline

    Then articles from the same source , strewn throughout in links like the following.

    http://www.propublica.org/article/crony-capitalism-hank-paulsons-extraordinary-meeting

  6. magus71 said, on February 26, 2012 at 8:46 am

    Whomever it was, they must have been talking about lemonade stands:

    http://www.realclearpolitics.com/articles/2012/02/24/i_tried_to_open_a_lemonade_stand_113235.html

    But while we’re at it, whom said the following:

    “It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

  7. dhammett said, on February 26, 2012 at 11:59 am

    The same guy’s ideas about debt are stated in more detail in the following very interesting article. He’s quoted twice at the beginning.
    Like his wishes concerning “monied corporations” his dreams about debt were not realized.

    http://lmmartin.hubpages.com/hub/The-United-States-National-Debt-233-years-in-the-making


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