The Over Think

For anyone who doesn't know, here's the generic Wikipedia definition of a company town: A company town is a place where all or most of the stores and housing in the town are owned by the same company that is also the main employer. What that definition leaves out though, is that in practice the company running everything sets wages and prices so that the employees tend to stay in debt to the company. So every worker has no choice but to keep working, but the cost of surviving in order to work keeps the debt slowly growing. It's a trap that keeps the workers in a position to be exploited without really any recourse. With that idea in mind: BlackRock, Vanguard, and State Street. Given the different names you'd think that's three competitors in the private equity/investment business. Except they are all major shareholders in each other. So they aren't competitors, in fact they are literally invested in each other's success. To the point it's not an exaggera...

  literally spelled it correctly only to mess it up a few words later... The idea of running a government like a business has a lot of inherent flaws. Especially in a representative government, where the leaders are supposed to do the will of the people in hopes of improving society for all. As opposed to a business where the leaders do the will of the owners and the one and only end goal is profit. Profit for those at the top. Even if you wanted to run a government like a business (don't)... the least you should do is find the best business person possible for the CEO. Not someone who inherited the majority of their wealth. Not someone with multiple bankruptcies, including casinos with Russian mob ties. Or someone with multiple businesses closed due to fraud, including a charity. Or someone with 34 felonies involving financial crimes, multiple lawsuits for defrauding and not paying contractors, with some sexual assault and libel as well. Or someone who still can't spell parade...