Skip to main content

Listening to the Right sell their anti government theme by harping on it relentlessly, one would think that they would be in heaven were the government to vanish tomorrow.    But in reality, the Reinter Class could not have arisen and thrived without a government they shaped to do their bidding, and enforce their contracts, and the inequality that we are suffering could not have been created without courts that let unfair and unethical contracts stand.

Illegal contracts are unenforceable. Usury (loan contracts with interest rates above 12%), used to be illegal in many states.  Contracts between parties of very unequal bargaining power were be found to be unenforceable when the courts were not packed with creatures of the oligarchy. Insurance Contracts where the party taking out the insurance has no insurable interest  (such as Credit Default Swaps bought by an entity against a bond or sovereign debt that the entity does not own) were illegal and as an illegal contract, the seller could not sell the swap and could not be forced to pay out if the debt went bad. Much of the ill gotten gains of the Big Banks and Wall Street are due to a whole web of shady practices, among them the use of a leveraged naked short selling to drive down the price of a company so that it can be taken over, and the use of 30 to 1 leverage for buying that allows them to buy enough stock to gain a controlling interest of a company, its cash flow and retained earnings, with a smaller down payment percentage than that required by a liar loan.  All these transactions are contracts, all these transactions depend on having a complicit and compliant government willing to find these maneuvers legal and enforce the outcome.  
So the Right is not Anti-Government as they claim, they just want government that works for them and no one else.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site