Wednesday, June 13, 2018
NYT LEONHARDT LIP SERVICE OBJECTION TO CORPORATE CONSOLIDATIONS ATT ETC
You will almost certainly miss the deep ideological hypocrisy in this kind of posture, one that the NYT has taken really from the beginning, pretending that it is the defender of worker and lower and middle income Americans' welfare.
That has emphatically not been true ever really.
Why?
Because at the same time that they are bemoaning these big bad corporate takeover moves, supposedly championing weak disadvantaged Americans, what else have they been doing just as assiduously with the other hand?
They have been the main advocate for globalization, consolidations on enormous scales of MNCs.
The main point for this discussion is that so called ' national ' corporate consolidations are not really national at all anymore, have not been for a very long time, but rather are just another aspect of globalization relating to MNCs, and have been rationalized all along by the NYT and other organs of this propaganda.
The other twin main point here, re workers and middle class incomes here, is that this globalization process which has encouraged corporate consolidation has been driven by the same forces that have been driving wages down in the rich countries and up in the poor ones, leading to global income convergence, which the NYT nevertheless claims to favor.
It favors global income convergence, yet detests falling American middle and lower incomes.
It opposes national corporate consolidation, while favoring globalist corporate consolidation.
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