After the greatest financial crisis since the Great Depression, Joe Kernen (an anchor for CNBC) teams up with his daughter (Blake) in their book Your Teacher Said What?! Defending Our Kids from the Liberal Assault on Capitalism to claim that what we need is more Capitalism, specifically, more Capitalism taught to young children.
BASIC CAPITALISM 101
- How to make campaign contributions without appearing to bribe politicians.
- How to beg for tax breaks, special favors and reduced regulation.
- How to break unions and prevent workers from organizing.
- How to reduce wages, reduce benefits and eliminate retirement plans while at the same time boosting executive compensation and overall income inequality.
- How to externalize costs of production (air pollution, hazardous waste dumping and carbon dioxide emissions).
- How to globalize your business, exploit sweat shop working conditions in peripheral countries and evade US environmental regulations.
- How to make millions while skimming pennies off large volume transactions.
- How to document a liar loan.
- How to get a bailout from the Federal Government.
- How to chose a sympathetic or incompetent regulator.
- How to trade on insider information and avoid SEC scrutiny.
- How to exploit uncertainty in commodity, currency and foreign stock markets.
Now Joe and his daughter do live in New Jersey which, I assume, must be on some other planet, somewhere! A couple of courses in American Capitalism might help.
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