Ron 80 wrote:
Who does the subsidizing?
Great cartoon. Makes a good point about the free market. You offer your product(s) or service(s) at your price and if people pay that's great. If they don't so what, no skin off my nose or yours, no money taken from me or you. The only loser is the business that didn't offer itself at a price somebody wants to pay.
Regarding all of that subsidizing that goes on, though, that's not capitalism, that's fascism, and THAT IS money out of my pocket and yours if you pay taxes.
How does that happen?
Let's use Mercury Marine as an example. The "facist"
Fond du Lac County Board are handing Mercury Marine a $50 million dollar publicly financed loan to stay in FDL. Right away, $9 million is free, not to be paid back by the company if they maintain the current local workforce for 12 years. If they add more employees, millions more will be forgiven.
Mercury announced it's giving back the $1.2-$1.6 million Oklahoma gave it to move the factory to their turf. Pretty good deal, $50 mil vs. less than $2 mil.
Calvin got his subsidy, and got his workers to accept less pay while he got to keep his big paycheck. That's corporate welfare, not facscism.
How does corporate welfare differ from fascism?
Calvin didn’t get his subsidy that we know of from this cartoon. Possibly he got it in a subsequent cartoon?
However, I do believe I’m following your comparison here. You’ve referred to Mercury Marine as Calvin. While there are problems with your comparison (e.g. Calvin had no sales Mercury Marine does have sales) I think it would be less confusing to let those go and just jump right into the Mercury Marine situation to which I do NOT claim to have panacea.
You’re saying that the state (GOVERNMENT) of Oklahoma was attempting to persuade Mercury Marine to move more (I’ve heard) of its operation(s) to Oklahoma if I understand this all correctly. You’re also saying that The "Fond du Lac County Board [GOVERNMENT] are handing Mercury Marine a $50 million dollar publicly financed loan to stay in FDL. Right away, $9 million is free, not to be paid back by the company if they maintain the current local workforce for 12 years. If they add more employees, millions more will be forgiven.”
Do you see the common factor here? It is GOVERNMENT acting not necessarily in the obvious interest of taxpayers, whom they are to represent, but it is surely acting, as government always does, in its own interest. The government, regardless the other factors involved, believes that spending other people’s money (the money of the taxpayers of FDL county) will somehow benefit government. Always seems to, doesn’t it?
Maybe I’ve gotten a bit ahead of myself in this discussion. The form of government known as fascism- while about as easy to define the limits of as socialism- does employ as one of its elements a financial or economic component known as corporatism. It’s really hard, sometimes, to tell who’s in charge in a system of corporatism but the government- as always- does very well in that system. Do not let the root of “corporatism,” that being “corporate,” get you thinking that it employs favoring merely business entities known as corporations. There are other corporate entities that will tend to fare well, and are faring very well, alongside our “Federal government” these days.
By the way, I’m not sure which side you are coming down on here, did you want Mercury Marine to leave or not? Did you want those jobs to leave for Oklahoma or not?
Did you favor the economic incentives offered by the "Fond du Lac County Board” or not?
Thank you for your time.