SchwartzReport: Banking Fraud Plague

Commerce, Corruption, Government, Law Enforcement
Stephan A. Schwartz
Stephan A. Schwartz

This is an extract from Beatrice Edwards' new book, The Rise of the American Corporate Security State. It is another tale of the corruption that has become the leitmotif of America in the 21st century.

In Banking World, Fraud Is an Epidemic
BEATRICE EDWARDS – Berrett-Koehler Publishers/Truthout

Reason to be afraid #6:

Systemic corruption and a fundamental conflict of interest are driving us toward the precipice of new economic crises.

Read full article.

See Also (The Book):

The Rise of the American Corporate Security State: Six Reasons to Be Afraid (2014)

Amazon Page
Amazon Page

In the United States today we have good reasons to be afraid. Our Bill of Rights is no more. It has been rendered pointless by heavy surveillance of average citizens, political persecution of dissenters, and the potential of indefinite detention now codified into law. Our democracy and freedoms are impaired daily by government control of information, systemic financial corruption, unfettered corporate influence in our elections, and by corporate-controlled international institutions. The Constitution of The United States that has shielded us for more than 200 years from the tentacles of oppressive government and the stranglehold of private wealth becomes more meaningless with each new act of corporate-ocracy.

Behind a thinning veneer of democracy, the Corporate Security State is tipping the balance between the self-interest of a governing corporate elite and the rights of the people to freedom, safety and fairness. The consequences of these trends and conditions are devastating. We are submerged in endless war, and the wealth produced by and in the United States skews upward in greater concentrations every year. The middle class is under financial attack, as Washington prepares to loot Social Security and Medicare to finance the insatiable war-making and profit-taking.

Repression descends on a people slowly at first, but then crushes quickly, silencing dissent. According to the author of Rise of The American Corporate Security State, Beatrice Edwards, our task now is to recognize the real reasons to be afraid in 21st century America, and address them.  Our early steps in the right direction may be small ones, but they are important. They are based on the principle that we, as Americans, have a right to know what our government is doing and to speak openly about it. Creeping censorship, secret courts, clandestine corporate control are all anathema to democratic practices and must be corrected now, before this last chance to redeem our rights is lost.

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