If capitalism is using your own wealth in circumstances of risk with the aim of increasing not only your own but your nation's wealth, then corporatism must be using the wealth of others in circumstances of minimal risk with the aim of screwing your own people in order to make a small group of globalist thieves even richer.
I reproduce the following from the Telegraph without further comment.
Anyone still wondering who really benefits from big corporate mergers need only look at the prospectus issued last week for the marriage of Standard Life and Aberdeen Asset Management. Certainly it’s not the employees, 800 of whom stand to lose their jobs, though there are fat retention fees for the top brass.
The £200m a year eventually saved by this cull seems scarcely worth the bother, taking into account the £320m in “integration” costs it will take to get there. So who is this merger really for? Not the shareholders either, who I have rarely seen so utterly underwhelmed by the claimed commercial logic of a deal as they are by this one. Nor the customers, who as usual go unconsulted. But when it comes to City advisers – now you’re talking.
Together they share a stonking great £97m, some £15.6m of it in legal fees alone, split between Slaughter and May, Freshfields Bruckhaus Deringer and Maclay Murray & Spens. The lion’s share of the rest goes to Goldman Sachs and Credit Suisse. What a racket.
