Don’t wonder if Mitt Romney wears magic Mormon underwear. Don’t fret that he’s a member of the Mormon Church — officially, the Church of Jesus Christ of Latter-Day Saints — started by Joseph Smith, a 19th-century con man who claimed he was visited by an angel named Moroni who directed him to a pair of golden plates engraved with ancient characters that Smith somehow translated into what became the Book of Mormon.
Don’t worry about Mormonism, it’s no crazier than any other religion. It has millions of followers. It’s not a cult.
Worry about the cult that Romney does belong to — the corporatocracy, the cult through which corporations dominate governments, “… even those governments nominally elected by the people…” It’s an updated version of the system Dwight Eisenhower warned against in 1961.
Romney is a corporatist of the first order, a vastly wealthy man who made his fortune through leveraged buyouts — “essentially, mortgaging companies to take them over in the hope of reselling them at big profits in just a few years.” Profits are made at the expense of the rank-and-file workers who typically lose their jobs and are robbed of their pensions after the company’s cash reserves are raided.
Here’s Romney on the campaign trail: “Corporations are people, my friend… of course they are. Everything corporations earn ultimately goes to the people.” If he were honest, his sentence would have ended “… to the people who own the corporations.”
Romney is Gordon Gekko without the charisma. His cult is a relatively small group of executives, lobbyists, deregulating lawyers and corrupt politicians who devote their energies to bolstering and defending corporate monopolies and mergers that destroy the jobs and lives of ordinary people. Meanwhile, the favored companies become “too big to fail,” because their failure would mean the collapse of the entire economic system.
Romney is the scum of the earth, but his religion isn’t to blame. He is a cultist, but his cult isn’t Mormonism. He is a corporatist, and corporatists arguably are fascists, but we’re not going to see that argument discussed by the corporate media, are we?
Nice piece, David. I have to disagree on the size of the cult, which you refer to as a relatively small group. Have you read ALEC exposed?
Thanks, Myra. You’re right, I should have mentioned ALEC. However, even with ALEC, the number of corporatists is very small. ALEC does most of its harm through state legislatures. The vast majority of American citizens don’t know about ALEC, any more than they know how Romney made his fortune.
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They don’t make money from layoffs, that’s a small part of it. They make money from separating the assets from the liabilities – usually the liabilities to pay for pensions – so that someone else gets the assets that should have funded the liabilities. Then pensioners or workers who earned rights to those assets get the shaft.
Thanks for correcting my oversight. The cash holdings of the company are typically transferred, so the worst aspect of the thievery is that the workers not only lose their jobs but also their pensions. I updated the post to reflect your input.
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