Who stole the American Dream?

Heist - Who stole the American DreamA while ago I watched a very disturbing documentary, Heist – Who stole the American Dream? on how an attack has been underway on the Free Enterprise system by some elite individuals (e.g. David Koch – can’t wait to see Citizen Koch when it comes out) and their Corporations.

Sounds like your average “nutter conspiracy theory”? Well, it might be if it wasn’t for the fact that the basis of all this, the “Powell Memorandum: Attack On American Free Enterprise System” (published 1972) is now widely available on the net from such as the Washington and Lee University School of Law Powell Archive after it was leaked.

In fact, here’s a link directly to the PDF / Scan of the original memorandum which was originally written by Lewis Powell (who later became a Justice of the Supreme Court) for Eugene B Sydnor Jr and the Chamber of Commerce. The end goal is as the film says “A Corporate Makeover of America”.

The film then goes on to outline how what we have today is an eerily “step by step” implementation of the Powell Memorandum. But – it’s not finished! There’s more to come, but I’ll let the film outline that…

If you’re at all an independent thinker and not part of the top 0.0…01% then here’s a few very disturbing facts:

  • US Corporations currently have US$1.5T in offshore accounts as they’re only paying an average of 13% Tax, with many of the largest such as Exxon Mobil, Chevron and GE paying none or even getting rebates!
  • Due to the crash:
    • US$10T in Housing Wealth was lost
    • 10M Families lost homes to foreclosure and 11M more are “underwater”
    • 10M Workers lost jobs
  • As a result, there are now 47M (or about 15%) Americans living in poverty

If you’re interested finding out more outside of the film, here’s a great analysis The Powell Memo (also known as the Powell Manifesto) from reclaim democracy and Google will give you a heap of information.

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