(9 am. – promoted by ek hornbeck)
I read this statement this morning and I just shook my head:
Dimon of New York-based JPMorgan this month called on government officials to stop demonizing Wall Street, saying “it’s just hurting our country at this point.”
“When I hear the constant vilification of corporate America, I personally don’t understand it,” Dimon said in a speech earlier this month hosted by the U.S. Chamber of Commerce in Washington.
I bet you don’t Mr. Dimon. But working people losing homes and jobs sure do.
We need more vilification of corporate America, not less.
We will never have change in this nation until we admit the problem is a system that places profit over people.
I do not think we will see that soon, not even people AND profits. Just a softer and gentler version of Profit over People.
After weeks in which the White House was often sharply critical of excesses at financial companies, the president wants to adopt a more collaborative approach.
“We’re reliant upon them to help rebuild our economy,” said senior adviser Valerie Jarrett. “It would be very unnatural if we didn’t engage them and have a direct opportunity to pick their brains and look to the future.”
Which side am I on? Workers over investors. Labor over capital.
In 1931, coal miners in Harlan County were on strike. Armed company deputies roamed the countryside, terrorizing the mining communities, looking for union leaders to beat, jail, or kill. But coal miners, brought up lean and hard in the Kentucky mountain country, knew how to fight back, and heads were bashed and bullets fired on both sides in Bloody Harlan.
It was this kind of class war — the mine owners and their hired deputies on one side, and the independent, free-wheeling Kentucky coal-miners on the other — that provided the climate for Florence Reece’s “Which Side Are You On?” In it she captured the spirit of her times with blunt eloquence.
Mrs. Reece wrote from personal experience. Her husband, Sam, was one of the union leaders, and Sheriff J. H. Blair and his men came to her house in search of him when she was alone with her seven children. They ransacked the whole house and then kept watch outside, ready to shoot Sam down if he returned.
One day during this tense period Mrs. Reece tore a sheet from a wall calendar and wrote the words to “Which Side Are You On?” The simple form of the song made it easy to adapt for use in other strikes, and many different versions have circulated.
The same war is going on today. We constantly are asked in our lives, which side are you on? I know which side I’m on.
That’s why I came to docudharma to write diaries. I did not fit among the faux progressives who bow to investors.