The Lords of Capital are determined that the Democratic Party will not nominate a capitalist-slayer for president.
“Never in U.S. history has a presidential nominee of one of the two corporate parties run on a promise to virtually wipe out a major sector of the ruling class.”
In my current commentary in Black Agenda Report, I maintain that a Bernie Sanders’ Democratic presidential nomination is totally unacceptable to the corporate moneybags that pull the strings in both political parties, and that the Lords of Capital have decreed that Sanders must be stopped -- by any means necessary. I pointed out that never in U.S. history has a presidential nominee of one of the two corporate parties run on a promise to virtually wipe out a major sector of the ruling class. But that is what is in store for the totally unproductive and parasitical health insurance industry under Sanders’ wildly popular Medicare for All legislation. Health insurance is a trillion dollar racket in this country precisely because the U.S. does not have a single payer health care system. Medicare for All would make private insurers almost totally superfluous.
Bernie Sanders says the industry’s workforce should be retrained to fill jobs that actually produce useful goods and services for society. But, without a captive population of conumers who are forced to buy overpriced and even worthless coverage, healthcare insurance corporations are doomed. And ,although corporate spokespersons are always telling the rest of us to roll with the punches in a merciless job market -- that the “creative destruction” wrought by capitalism is a good thing – the One Percent can’t take their own medicine. The Lords of Capital are determined that the Democratic Party, which they own lock, stock and barrel, will not nominate a capitalist-slayer for president.
After three years of Russiagate, the Democrats have become the preferred presidential party for most of the ruling class. But the One Percent are quite willing to crush the aspirations of the 85 percent of Democrats that support Medicare for All. By hook or crook, they are determined to crush Sanders’ candidacy.
“Bernie Sanders seemed to revel in the over-priced drug purveyors’ pain.”
No sooner had I posted my article than Bernie Sanders fired off a tweet that must have had Wall Street screaming for his blood. Drug corporation stocks have been plummeting, as if it has finally dawned on the pharmaceutical industry that their super-profits from over-priced drugs might one day soon be wiped out with passage of Medicare for All. What’s more, instead of pretending concern for the corporate losses, Bernie Sanders seemed to revel in the over-priced drug purveyors’ pain: He tweeted: “The stock prices of massive pharmaceutical companies tumbled because we are pushing to make health care a human right for every American. Corporate greed,” said Sanders, “has no place in health care.” Bernie was absolutely unapologetic. Not only should we not mourn for the health insurance industry, but nobody should shed tears for the drug companies, either. In America, high profits for health corporations equals worsening health care for the people.
This campaign season will be a revelation and an education, that the Democratic Party may not survive. But, if the party is torn apart, it will be the work of its corporate masters, who would rather lose to Trump than win with Sanders, the annihilator of whole corporate sectors.
BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.
COMMENTS?
Please join the conversation on Black Agenda Report's Facebook page at http://facebook.com/blackagendareport
Or, you can comment by emailing us at comments@blackagendareport.com
Some provisions of Biden’s “Build Back Better” legislation benefit the masses of Black people, but this legislation is a bare minimum effort to blunt some of the sharpest contradictions of the
Many would-be migrants, like the Garifuna, would love nothing more than to stay in their homes. It’s Washington that’s making it difficult.
Black challenges to white control of African Studies at the 1969 African Studies Association meeting in Montreal exposed the deeply entrenched racism within, and the imperialist leanings of, th
Abayomi Azikiwe of Pan-African News Wire joined Danny Haiphong and Margaret Kimberley to discuss AFRICOM and U.S./NATO imperialist actions on the African continent.
San Francisco Public Defender Manohar Raju spoke to Ann Garrison about why his office is suing San Francisco Superior Court for denying hundreds of Black and Brown people the speedy trial right
