I noticed an interesting article in the FW Weekly by a guy named Kendall McCook titled The Real Builders. In the article McCook attacks a friend when the topic of finance flip houses in New Orleans. McCook seems sure that laborers are getting fleeced while the banks finance a middleman “at the expense of the taxpayer” he says. Depending on the institution I suppose that may be partially correct, given the Bush/Obama bank bailouts. Still I feel that McCook is essentially attacking the same capitalism which is catalyzing the rebuilding of New Orleans.
McCook, who has produced plays about Socialist farmers, suggests instead corporations which are equally owned by all employees. A utopian idea I suppose, and of course people do have the freedom to establish such corporations, but the realist in me sees things fairly differently. In fact, I simply can’t understand this logic at all. The breakdown doesn’t add up. The bank lends money in hopes of receiving back only a minimal interest payment; that is their business. The borrower (presumably a house flipper) tends to be fairly handy and will invest much of their own time in this project, may hope to make say $20,000.00 profit for several months work. Assuming a skilled laborer is hired (McCook says a “Mexican fearing deportation”) they will contract their services independently. Everybody wins here. Each entity their own company or sole propeitorship.
I think it’s safe to say that most “Republican free-enterprise capitalists” don’t enjoy the fact that the Federal government is stealing from taxpayers to pay banks (regardless of which administration is doing it). I know that is true of this free-enterprise capitalist. In fact, I think that McCook’s inclination towards worker owned companies, would be a concept similar to taxpayer funded banks. Both being socialist in nature, it’s almost absurd for him to abhor one and promote the other.
I think our system works well. We can see plainly that it promotes jobs and rebuilding in areas like New Orleans. It is a system which far surpasses those of other nations, leading to McCook’s migrant laborers. And it is the same system which allowed Mr. McCook to finance his home in Fairmount.

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