Saturday, December 17, 2011

Food shortages in the capital of capitalism (a blast from the past)

It's befuddling what lengths The Media will go to in order to distort or cover up facts and manipulate public opinion. As yet another example of this, the pop-up press finds it convenient to forget the food shortages that plagued America in the '90s largely because of George H.W. Bush's incompetence at dealing with a recession while he padded his corrupt cronies' coffers.

But The Media actually used to occasionally report what it now forgets. If you look at scattered articles from the era, you'll find reports of grocery freezers sitting empty, the prices of food soaring, and sellers having to ration items.

News articles reveal that prices of cereal and lettuce were artificially jacked up by collusion in the industry. Producers of other goods stockpiled their products to inflate the costs to consumers. But I don't remember anyone in the government doing anything about it - probably because Congress thought their pet bills like the Solomon Amendment were more important.

In almost any other country in the world, if you saw the level of inflation that America had 20 years ago, the government would issue price caps. But our so-called public officials cried that was "communism!" None dared to refer to our economic gatekeepers' activities as greed.

Next time one of the 1-percenters accuses you of not being able to make it under capitalism, remember that this is what capitalism is all about. Capitalism is for the 1% - not you.

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