Sunday, June 17, 2012

Hillary Describes Government Corporate Monstrosity

U.S. Secretary of State described her Global Statecraft Initiative Agenda as:
"harnessing global economics to strengthen our diplomacy abroad." 

We have to position ourselves to lead in a world where security and prosperity are shaped in boardrooms and on trading floors, as well as battlefields or diplomatic negotiations.  That's why I'm pleased to announce a new initiative called Global Economic Statecraft Day.
Frankly, it sounds much like her husband's Clinton Global Initiative, the must make event for American brand global corporate CEOs.  Hillary touched on public-private partnerships, which have private equity firms salivating over guaranteed 20% annual returns.

Boardrooms seek the lowest global common denominator on worker pay and benefits.  Trading floors are structured by and benefit the greed boys, until their machinations explode in their faces, after which they ask government to backstop their losses.

America's Red and Blue parties spend billions for the right to captain the G portion of the Government-Corporate Monstrosity (GCM).  Think Eisenhower's Military Industrial Complex on trillions in federal steroids.

President Bill Clinton courted the GCM hard in his second term in office.  His Clinton Global Initiative is a huge GCM annual gathering.  It seems Hillary's Global Economic Statecraft is but a variation of her husband's theme.

Update 6-27-12:  Bloomberg Government noted PEU's propensity to feed off the federal teat.