- Mar 11, 2015
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When Ray-Gunn ended the fairness doctrine, he made it possible for misinformation and racist rhetoric to flow irresponsibly on American airwaves. This enabled racist whites to get radio programs financed by corporate advertising to propagandize to the poor and moderate income whites who were listening how they were being left out and that “others” were getting things at their expense. While these corporations race baited the working class, those same corporations that were financing the airtime of talk radio were shipping jobs out of the country.
The corporate heads didn’t give a damn about the working class white person. While working class whites lost jobs, the white collar executives and wealthy shareholders made money. While working class whites were increasingly becoming members of food lines, white collar executives and business owners were increasing their memberships in exclusive private clubs. While white working class people were losing their homes, rich white men like president number 45, purchased the properties they lost. While the white working class was being dry screwed, the wealthy white CEO’s and business owners were being paid exorbitant incomes from stock options included as part of their compensation. Corporations were buying back billions of dollars worth of stocks all the while continuing to claim that blacks, Japanese, the illegals from the south or the Chinese were taking jobs from “real Americans.” Almost like marks manipulated by con men, working class whites fell for the race baiting and elected more people to take jobs away away from them.
It was with this 40 year belief of victimhood whereby working class whites got filled with “woe is me” by conservative think tanks, right wing talk radio, alt right social media forums, a president with factories in Bangladesh that ranted about America first while buying Chinese steel for his buildings, who told working class whites that illegal immigrants were taking American jobs while hiring illegal immigrants to build his properties and work in his resorts/golf courses, that whites gathered in Washington D.C. on January 6th, 2021 and committed Whitey’s Rebellion.
“On the contrary, with superior corporate performance defined as meeting Wall Street’s expectations for quarterly earnings per share, companies turned to massive stock repurchases to “manage” their own corporations’ stock prices. Trillions of dollars that could have been spent on innovation and job creation in the U.S. economy over the past three decades have instead been used to buy back stock for the purpose of manipulating the company’s stock price. This financialized mode of corporate resource allocation has been legitimized by the ideology, itself a product of the 1980s and 1990s, that a business corporation should be run to “maximize shareholder value.” Through their stock-based compensation, corporate executives who make these decisions are themselves prime beneficiaries of this focus on rising stock prices as the measure of corporate performance."
William Lazonick
William Lazonick
The corporate heads didn’t give a damn about the working class white person. While working class whites lost jobs, the white collar executives and wealthy shareholders made money. While working class whites were increasingly becoming members of food lines, white collar executives and business owners were increasing their memberships in exclusive private clubs. While white working class people were losing their homes, rich white men like president number 45, purchased the properties they lost. While the white working class was being dry screwed, the wealthy white CEO’s and business owners were being paid exorbitant incomes from stock options included as part of their compensation. Corporations were buying back billions of dollars worth of stocks all the while continuing to claim that blacks, Japanese, the illegals from the south or the Chinese were taking jobs from “real Americans.” Almost like marks manipulated by con men, working class whites fell for the race baiting and elected more people to take jobs away away from them.
It was with this 40 year belief of victimhood whereby working class whites got filled with “woe is me” by conservative think tanks, right wing talk radio, alt right social media forums, a president with factories in Bangladesh that ranted about America first while buying Chinese steel for his buildings, who told working class whites that illegal immigrants were taking American jobs while hiring illegal immigrants to build his properties and work in his resorts/golf courses, that whites gathered in Washington D.C. on January 6th, 2021 and committed Whitey’s Rebellion.