GRoss Universal Cash Heist = GRUNCH. Fuller believed that corporations exist in order to slowly or quickly, it matters not the speed, although fastest is best, transfer wealth from workers to the corporate owners. Although, this is not the shareholder, they benefit a little, but it is the owners of the corporation who hide behind swiss bank accounts and who manage to control one another's boards and steal our money through inflation and price hikes.
His thesis continues with the belief that money always follows military, it is the military that is constantly innovating new technology on tax payer backs and then the GRUNCH comes along and convinces government to hand over all the rights to the technology in order for them to sell it to the public as well, effectively placing all R&D costs on the backs of the public who cannot enjoy the break throughs without paying for it a second time. (Velcro, Satellites, cell phones...) All of this limits the risk to the corporation by infintely extending their production capacity. Their only cost is making the article now that we, the people, have paid for its research.
Furthermore, Fuller believed that there were two kinds of people: those out to make money and those out to help humanity. He firmly believed the two couldn't go hand in hand for making money requires paying attention to certain social conditions and mores, but helping humanity steps beyond that and does what it can to help without concern for profit.
After thinking on his book for a few days, I am impressed with his insight. Particularly with this thoughts about R&D, Military, Government and profitability. They seem to me to be right on. One other point of interest he raised was related to the last round of bailouts the US government performed in the 80's for Lockhead Martin (missile trigger maker) and Chrylser (Tank manufacturer). Looking at our current bailouts, we have GM (Hummers), AIG (Insurer of Military Contractors and Subcontractors) and I would guess that the deeper we look, some of the other banking institutions have tight military connections and are therefore unloseable for national security purposes.
These are a few of my thoughts so far, more may come, then again, they might not. I recommend the book highly.
His Glory and My Good: A New Song from City Alight
4 months ago
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