As those who read my work on a regular basis know (and if you do read me regularly, I’m sorry), there are some politicians who are always good for a Leftist Lexicon topic. One such politician is Senator Elizabeth Warren. Now, I won’t call her Pocahontas or Fauxcahontas as others have because I want to respect her heritage while giving her all due respect. Hence, I call her Chief Running Mouth.
Anyway, Senator Warren took to Twitter to complain about gas prices rising in spite of President Joe Biden releasing 50 million barrels of oil from the Strategic Oil Reserve in an attempt to lower gas prices. Now, what did CRM blame for the rise? OPEC nations playing hardball? China and Russia conspiring? Donald Trump? Nope! She blamed…corporate greed.
When discussing economics, corporate greed is the Left’s favorite boogeyman, and it seems to catch on every time it gets used. To understand why, we have to take a closer look at the phrase and analyze the parts. That, and to help pad out this edition of the Leftist Lexicon.
corporate greed
What the Left thinks it means – one of the major road blocks to progress and economic justice
What it really means – proof the Left doesn’t understand basic economics
Economics can seem pretty complicated, but there are some core concepts that anyone who has been to a garage sale, like, ever can understand. Which means Leftists will struggle with said concepts, but I’ll try to keep it simple so they have a chance to catch up.
Contrary to popular Leftist belief, the reason for a company or corporation to exist isn’t to pay taxes, provide jobs, and ensure every employee gets paid a living wage with full benefits, maternity leave, and any other benefit. It’s…now brace yourselves…to make money. After all, if a corporation doesn’t make money, it’s either a scam, kept afloat with taxpayer funds, or defunct. Or in the case of green energy companies during the Obama Administration, all three. And without money, companies/corporations can’t provide the laundry list of what Leftists think employees should get since that money helps keep the doors open. So, it’s in a company’s best interests to be greedy.
Where the Left gets things twisted is in thinking (if you can call it that) that greed is bad. There are aspects of greed that inspire more positive aspects of the corporate world. And there’s one that Leftists are absolutely in love with that proves this point: COVID-19 vaccines. Now, Leftists will argue Johnson & Johnson, Pfiser, and Moderna went to great lengths to get the vaccines out to people who needed it out of pure altruism, but the truth is they did it so they could make money. And when Uncle Sam is willing to push your goods without you having to spend a penny to advertise it? You would have to be an idiot to decline an unlimited source of money, most of it being pure profit.
Or a certain Senator from Massachusetts, but I repeat myself.
While Leftists complain about corporate greed on Twitter using their iPhones, they are blissfully unaware of how the capitalist sausage is made and how they’ve already bought into it by virtue of the little decisions they make. Namely, what they buy. Granted, we’re subject to the same buying decisions, but remember we’re not the ones railing against corporate greed. We bought into it, while they’re selling out to it.
And here’s the kicker: Leftists really don’t oppose corporate greed when it furthers their personal goals. Take Chief Running Mouth, for example. While she attacks oil companies for allegedly gouging customers at the gas pumps and pushes for laws prohibiting Congresscritters from direct stock purchases, she and her husband have made a tidy sum on annuities, which according to the Boston Globe includes stocks and bonds. Even though they’re indirectly stockholders, they’re still stockholders, and their fortune, at least in part, is reliant upon the very corporate greed she says she opposes. Amazing how that works, isn’t it?
Oh, but it gets better! She also got campaign contributions from Apple, Google, and other big-name companies, including the ones she rails against for…wait for it…corporate greed.
And, as you might have guessed, this is by design. By creating a faceless beast in corporate America, the Left has ginned up fear and hatred of any big company who wants to make a profit. Granted, some companies abuse this notion (I’m looking right at you, Wells Fargo), but Leftists never come out and tell us how much they feel companies should be willing to give up to keep the doors open. I know they don’t have an exact figure, but I guarantee whatever it is they calculate, it will never be enough because Leftists think all money is finite. If someone gets rich off building a better mousetrap (personally, I prefer napalm, but that’s just me), they think that wealth comes at the expense of someone else, and they want people to feel they’re the ones getting screwed. Then, people like Chief Running Mouth come along and say they want to take on corporate greed and win one for the little guy.
As of this writing, that hasn’t happened yet, but the promises to do something keep mounting and getting louder. But they need to keep the con going, so they find new ways to lambast “greedy” corporations so you feel green with envy while they continue to feel green in their back pockets from all the donations they get from the companies they attack for being greedy.
So, what happens when you realize someone else getting rich doesn’t affect you? Aside from feeling a sense of relief, it ruins the Left’s con and helps you see the Left’s ignorance in economics. No, there isn’t a greedy corporation taking money that doesn’t belong to them so they can have golden toilets, but there are a ton of greedy politicians who love to be generous with your money to ensure they get golden parachutes, and Elizabeth Warren is no different. If/when she leaves the public sector, she will have done so being as bad, if not worse, than the corporate greed she rails against.
I take that back. She will definitely be worse. After all, greedy corporations at least understand how to make a buck.