. . .
J “The Kennedy Corporation is in remission.”
K “Earnings are down, but the brand is still in play. They are keeping a spot at the round table with their ‘Profile In Courage Award’ that is bestowed on other members of the Ruling Class.”
J “That’s it. I need to give an award to get a reward.”
. . .
J “After the proclamation by the Republican wing of the Supreme Court in Corporations United that two step corruption is legal and encouraged, the ‘Clinton Global Initiative’ provided the template. The rich and powerful now can formally invest in and own those in public office.”
K “The Owners now can formally own the owned. ‘Bush, Inc.’ should get more credit because it was one of the first corporations to offer ‘preferred shares’ dubbed ‘Rangers’ and ‘Pioneers’ and the like. The investment opportunity was first profiled in the e-commentary titled ‘The “Ownership State” and “Bush, Inc.” (April 11, 2005)’ years before Citizens United was foisted on us.”
J “Trading interests in Senators is also discussed in the e-commentary titled ‘Commodities Futures / Future Commodities (March 8, 2010).’ Add a few shares of a United States Senator to your 401(k) portfolio.”
. . .
K “Yet the ordinary citizen cannot be a large shareholder.”
J “The ordinary citizen still can toil as a sharecropper for the shareholders. The citizen cannot own anyone or anything of substance. And only the Owners can own the apparatchiks. It is very subtle.”
K “There is no ‘Nader, Inc.’ I looked it up.”
. . .
K “‘Kennedy, Inc.’ has executed a Memorandum of Understanding with ‘Harvard, Inc.’, ‘Bush, Inc.’ with ‘Yale, Inc.’, ‘Trump, Inc.’ with ‘Penn, Inc.’, ‘Clinton, Inc.’ with ‘Stanford, Inc.’ and now ‘O’Bama, Inc.’ with ‘Harvard, Inc.’ and ‘Chicago, Inc.’.”
J “They sure have inked a lot of inside deals. Yet ‘Clinton, Inc.’ plays the field and also owns and is owned by ‘Yale, Inc.’.”
K “Clinton clearly plays the field, yet so do some of the others. If there is a formal MoU, the kids just show up in the Fall; if there is not a formal MoU, the kids are encouraged to call ahead and let the administrators know they are matriculating. Unless something more sexy comes up in the interim.”
J “That’s what I heard. Seems to work. Well.”
. . .
. . .
K “There is so much inbreeding and cross breeding.”
J “With predictable consequences.”
. . .
[See the e-commentary at “The ‘Ownership State’ and ‘Bush, Inc.’ (April 11, 2005)”, “Corporations United (February 15, 2010)”, “Commodities Futures / Future Commodities (March 8, 2010)”, “Schooling The Apparatchiks For the Kleptocrats (December 7, 2015)” and “On Merit and the Meritocracy (January 11, 2010).”]
[See the incisive commentary of America’s greatest political, economic and social commentator of the last century, George Carlin. Professor G. William Domhoff’s classic examination of power in America, Who Rules America?, could serve as the written text and footnotes to accompany Professor Carlin’s public presentations. Both develop observations developed earlier by Professor C. Wright Mills in The Power Elite.]
Bumper stickers (or window stickers) of the week:
Harvard, Inc. College Yale, Inc. Law School
The Elite ain’t.
If Hamilton returned today to survey the outcome of his financial innovations, he would be appalled, outraged and disgusted by the degeneration of the American economy into a Kleptocracy.