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applegrove

(118,022 posts)
Thu Jul 12, 2012, 10:48 PM Jul 2012

"The New Company Store: The Final Step in the Corporate Takeover of America"

The New Company Store: The Final Step in the Corporate Takeover of America

by John Atcheson at Common Dreams

https://www.commondreams.org/view/2012/07/11-9

"SNIP..........................................

Thanks to thirty years of Republican policies and Democratic complicity, we’re in the process of reopening the company store, only as with all things 21st Century, it’s a national chain.

Today, we shop with credit cards owned by “the company,” live in houses financed by “the company” – often owing more than the value of the home – and get our news and information from sources controlled by "the company." In short, the company store is back in business.

While Republicans and Tea partiers are all aflutter over government debt, Americans owe some $11.4 trillion in consumer debt. Talk about indentured. Seventy five per cent of us are held hostage to debt.

This spring student loan debt passed $1 trillion, and the average student now owes $25,000 upon graduating, And Congress passed a law making it almost impossible for students to escape this debt through bankruptcy. Right now, it’s far easier for a corporation to default on hundreds of millions of dollars in retirement and health benefits than it is for a student to escape a few thousand in student loan debt.

...........................................SNIP"
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"The New Company Store: The Final Step in the Corporate Takeover of America" (Original Post) applegrove Jul 2012 OP
A link would help. n/t arendt Jul 2012 #1
Sorry. My bad. applegrove Jul 2012 #2
K&R tk2kewl Jul 2012 #3
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