Monday, May 21, 2007

Are We Fucking Stupid?

I read things like this Chinese plan to buy into the private equity firm, Blackstone, and I have to wonder what the hell is wrong with us.

Now that private equity buyouts of publicly held companies is all the rage, China is ready to buy their piece of the corporate American dream. That's right: No longer is China content with being our banker... now they want to be our boss, too. And since they're willing to fork over $3B, the Wall Street folks are (naturally) willing to behave like the good little capitalist whores they are.

Sure, China is buying non-voting shares in order to fly under the radar (for now). But we all know that the people who have the most money in this country are only motivated to make more money. All they need to do is wait for the sheeple to go back to watching the next season of "The Bachelor" and they'll have this country sold faster than a rhinestone studded toaster cozy on the Home Shopping Network.

Think of the synergy that could be achieved with Communist China providing the cheap labor that equity firms like to leverage for maximum return on their investment. Pretty cool, eh?

Just try not to think about what will happen when global capitalism and national security collide. Not thinking about it is what the corporatists are counting on.

UPDATE:
Another take on it (with more technical analysis and less swearing).

And here's someone who says my view is mere fear mongering even while his own views are shallow, pure, economics (without much concern with national fallout from such economic policies). I don't put much faith in economic purists, as they're the type who look at the stock market as the sole indicator of economic policy success. I would much rather have someone looking at other indicators to better understand economic policy benefit. Those people used to be called Democrats. I'm anxious to see if they still exist in any form.

Here's a little something I stumbled onto... Bush and Blackstone founder spent a little quality fundraising time together just last month.

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