Archive for ‘Welfare’

October 30, 2014

But Eric, white America is the ‘big corporation’ that has been stealing from us and refused to make restitution for its crimes. That you can*recognize* the banks’ violations so clearly & not your own kind’s does make you the devil I referenced early and make your hypocrisy nauseating. Be on the side of justice and not ‘white’ justice. Thank you for your very thorough reply & patient demeanor. They are both very much appreciated.

It is no secret that slavery rests at the foundation of American capitalism and is often synonymous with the sugar, tobacco, and/or cotton plantations that fueled the Southern economy. What many may not know is that slavery also rests at the foundation of many notable corporations. From New York Life to Bank of America, several companies have benefitted from slavery. Many of the companies even acknowledged their involvement in slavery and offered apologies in an attempt to reconcile their tainted history but, is an apology enough? Hell no!  (More)

In the 1830s, powerful Southern slaveowners wanted to import capital into their states so they could buy more slaves. They came up with a new, two-part idea: mortgaging slaves; and then turning the mortgages into bonds that could be marketed all over the world. (More)

Apologies cannot compensate an entire race of people for all of the social and economic ills they face as a result of their enslavement. They cannot address the residual effects of slavery. They cannot provide job opportunities to a race of people who are experiencing high unemployment rates. Apologies without action from the very systems they helped to create. Had it not been for slave labor, many corporations would not be where they are today and for these companies to acknowledge their involvement in slavery and then simply say ‘Oh, I’m sorry”, is to downplay their role in perpetuating the degradation are nothing more than a futile attempt to correct a wrong by pacifying the wronged.  (More)

Yusef Douglas

Yesterday 5:09 PM

And they’re still white trash.

Eric Scott

Yesterday 6:58 PM

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Reply

I might have missed the point. The banking industry has been on welfare for years. Remember the Savings and Loan debacle. They had to be bailed out with hard earned tax dollars just like other corporate giants. I’m glad her mamma “ain’t on welfare”. I commend anyone who can find a way to make it. Too bad the big corporations cant make it on their own. Im still pissed that GM even exists. They were so mis managed that when they declared bankruptcy and were bailed out by tax dollars the first thing they did was to give their people at the top bonuses. This world is full of white trash +Yusef Douglas as well as trash from every other race out there. My heart goes out to anyone directly affected by the trash we have to live our lives around.  
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Yusef Douglas

Yesterday 7:02 PM

+Eric Scott Ours have been unfairly discriminated by from these systems for generations. Boo hoos to you, devil.

Eric Scott

Yesterday 7:15 PM

+Yusef Douglas
I really am trying to understand where your coming from here. Did I say something untrue? Big corporations and the rich that control them have been stealing from we the people for years. Banks that are mismanaged have been bailed out by your tax dollars and mine. The sign posted confuses me. It “appears” she is stating that her mom is not on welfare but the banks are. The banks should be the last entities receiving federal dollars due to mismanagement. Now  if her sign said “my mom is not on welfare so yours shouldn’t either” Well that would be a short sighted bigoted statement. As as far as being unfairly discriminated against? I have never denied that and have always been a champion against unfair practices and treatment that label any group of people being less important or automatically guilty. I commented on this post because I often comment on +M.O. Thomas post. MO stays on top of issues that need attention and I was seeking clarification on what he thought this sign was really about. If you gave me a bit of a chance you might see that I really am on your side. 
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Yusef Douglas

Yesterday 8:00 PM

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But Eric, white America is the ‘big corporation’ that has been stealing from us and refused to make restitution for its crimes.  That you can*recognize*  the banks’ violations so clearly & not your own kind’s does make you the devil I referenced early and make your hypocrisy nauseating. Be on the side of justice and not ‘white’ justice. Thank you for your very thorough reply & patient demeanor. They are both very much appreciated.