Corporations Are Only People When Barney Wants to Give Them Something
I just came across this bit of economic philosophy from Congressman Barney Frank (D – MA), on 60 Minutes, that contradicts the standard liberal construct (emphasis added):
STAHL: But there was never any doubt that Frank himself didn’t want the car companies to go under. What about the idea that, in capitalism, if a company doesn’t cut it, they die? It’s over.
FRANK: And that’s what Herbert Hoover said. And Franklin Roosevelt said no.
STAHL: That’s what Darwin said.
FRANK: Yes, it’s true. And Darwin was a very good biologist. I don’t think he was much of an economist.
STAHL: What we’re now faced is with all the taxpayers having to prop up companies that made terrible decisions consistently.
FRANK: No, we’re not propping up companies. That’s your mistake. We’re propping up individuals. The world doesn’t consist of companies. The world are people, the country is people. And yes, it is possible to argue that the government should stay out of-
STAHL: But then — but then you’re talking about welfare.
FRANK: Yeah, I’m for welfare. You’re not? Are you for letting people starve?
One could quip that it apparently takes union membership to make the individual employee worthy of props… so to speak. Suffice to say that the likes of Frank have been all too willing to look beyond the individuals whom companies support when they’ve decried “corporate welfare” and demanded that corporations be taxed as if they’re people.