Customer Reviews

Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires from Sucking America Dry

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Just got the kindle version of this book and read it today. Overall, I thought it was well thought out, clearly displaying the current issues the country faces, providing examples, and offering solutions. I will give you some highlights:

Chapter 2: The Bailout- If you've followed coverage on the bailout, you know what happened- the Federal Reserve essentially handed taxpayer money over to the big banks, no questions asked, in order to bail them out of their bad investments (The Big Short and It Takes a Pillage are two great books that will provide more detail if you're insterested). The solution that Dylan offers here is to institute CAPITAL REQUIREMENTS. He sees this as the only way to ensure that the banks will use their own money for their schemes, rather than depend on the Fed to come along and bail them out with taxpayer money.

Chapter 3: Outsourcing: In an effort to attract foreign investors, China has devalued its own currency and made cheap labor available to US corporations. American corporations (Wal-mart is a big one) have set up shop in China, taken advantage of cheap labor, and shipped their products back to the U.S. (thanks to import taxes of 2.5% in the U.S., this is feasible. The goods don't stay in China, because the tax on U.S. goods there is 25%). Congress enacts trade laws that favor corporations (low import tariffs) rather than protect the American workforce.

Chapter 4: High Healthcare Costs: the U.S. has one of the highest healthcare costs and a lower life expectancy than other countries. The massive amounts we spend in healthcare detract from other important areas like education. We focus on illness, not prevention, not health. Health insurance companies charge outrageous prices, because they enjoy a MONOPOLY EXEMPTION that they have been able to maintain with lobbying, paid for by their corporate profits.

Chapter 5: Student Loans- we have crazy education costs- a "Debt for Diploma" system where students have debt but no jobs. The worst are for profit colleges (University of Phoenix) that get TWICE as much government money as other institutions but have lower caliber students who are more likely to default on their loans, because they either can't complete school or can't get jobs.

Chapter 6: Oil: Big Oil is bad for the environment, yet so rich from corporate profits that it can afford to buy up alternatives (see Killing the Electric Car). If we had to pay the real cost of gasoline (foreign wars, environmental costs), we would pay $10-$15 a gallon instead of $3-$4. We, the taxpayer, end up paying that difference.

Chapter 7: Corporations: Some really good stats here: in 2010, GE made a profit of $14.2 billion and had a tax bill of ZERO. They hired a team to lobby Congress for tax loopholes and then hired another team of accountants to take advantage of those loopholes- nice. In the 1950s, corporate taxes accounted for 30% of government income, today they account for under 7%. If this doesn't show you how rigged the system is in favor of corporations, I don't know what will.

Solutions: Ratigan offers many proposed ways to solve the above issues. Capital requirements for banks, stop China's currency manipulation, put more money into early childhood education, push for efficiency in the energy, GET THE MONEY OUT OF POLITICS with campaign finance reform, and BLOCK THE REVOLVING door between Congress and the corporations (nothing like a high-powered corporate job after you retire from Congress- you only get this if you enact policies that favor the corporation of course).

Overall, a great read. I appreciate the shout outs to Matt Taibbi (Rolling Stone) and Elizabeth Warren- they have helped to bring many of these issues to the forefront. I learned a lot by reading this book- it is packed with great stats and stories that will make your blood boil (but at least he offers solutions). I hope that everyone reads the book and starts to realize that we have a bought government that no longer represents the people but corporations. Our current policies are extremely short-sighted and set up in order to further corporate interests and profit at the cost of our nation's long-term welfare. It's up to us to make our voices heard. I follow Ratigan on Huff Post, and signed his "Get the Money Out of Politics" petition- it's a small start, but I figure it's better than nothing.

If you've been following Dylan Ratigan's journalism recently you know he is on a crusade to separate money and politics.

This book is the most cogent argument he has come up with yet, detailing how special interests own every aspect of our government. His analysis is so spot on that I can't even think of how someone against getting money out of politics would argue against it.

Not only does Dylan explain what the problems facing American society are, he comes offers explanations of how these problems can be fixed along with explanations of how his plans would work. Of course, as long as our politicians are bought by "corporate vampires," as he calls them, things will never change.

The right has done a great job convincing people that government is evil and government is the problem not the solution, but Dylan fights back hard proving that simply turning over complex societal problems to businesspeople who are out only to make money for themselves and their investors is a truly bad idea.

As fans of Dylan's daily TV show will know, he's passionate about the five pillars of failure in the US: energy policy, healthcare, banking, defense, the extraction of money from the US and the bought politicians who enable the entire circus to continue. Between his campaign to Get Money Out of politics, his daily tirade against the draining of this country's resources, and this roadmap to fixing the problems, there is hardly anyone else in the media spotlight who works as tirelessly in propagating the message to people to do something.

Given the gravity of the subject, you'd expect this to read like a sermon whereas the style is far more like a Rolling Stone magazine piece. There's good use of supporting statistics and evidence (without getting too dry), some interesting synonyms and diagrams and most importantly each chapter ends with recommendations about what can be done to fix these massive problems.

Overall, this is a first-class book that should be at the top of reading list for Americans in 2012. My only caveat is that I wish I'd bought the hardback rather than the Kindle version, since the diagrams can be hard to see fully on screen compared with the print version.

Ratigan was a finacial reporter at CNBC for many years, who was galvanized by the financial crisis of 2008 to get to the roots of why the economic system in the United States is so disfunctional and so profoundly unfair to 99% of the population. We've all been hearing the term 'crony capitalism' tossed around a lot lately; this book explains very clearly what it is and why it is destroying this nation. Ratigans point of view is not liberal or conservative, but it is factual, and that is what we need. Most of us are completely ignorant of how things really work and have retreated from even trying to understand, and allow ourselves to be divided over silly 'culture wars' issues, rather than demanding a fair and functioning economy. This book will take the scales from your eyes and show you what needs to be done.

Not being a TV watcher, I didn't know anything about Dylan Ratigan when I started this book. After reading awhile, it seemed appropriate to check the reviews here and see if there was a debunker backlash. What Ratigan was saying seemed logical to me, not to mention "preaching to the choir," but still, in fairness, is he being tabloid in his caricaturing and catastrophism?

Maybe it's early, but we're not getting much objection from the advocates of the 1% here. Ratigan has the ability to simplify the seeming chaos of the current economic picture, with skill and no-nonsense. Although offensive, the title magnetizes, and let's face it: we've all said it, under our breath at least. So while some who SHOULD read it, will never pick it up based on the title, the book will gain much more attention than it loses by the former.

Even smart people have trouble following the machinations of the economic drama unfolding around us. Usually described in intricate terminology worthy of a legal text, explanations abound, but are mind-boggling at best, and boring at worst. Ratigan helps us here by creating a quick and engaging (albeit depressing) way to understand what so many banksters and other corporate plutocrats would vastly prefer to hide.

One would hope that GB becomes a populist manifesto for the times. Polarizing it is, and as Martha would say, it's "A Good Thing."

Ratigan addresses the nature of the economic growth our country is experiencing. He points to the drop in social mobility in the U.S. as an important indicator. He says we have an illusion of growth from broad financial indicators such as GDP. GDP numbers don't tell anything about current investments in education, for example.

The book discusses "misaligned interests" that create waste in the greater economic system. I'm not sure I agree with all the points of this book, but I appreciate its systems approach in evaluating the economy.

I think we should give Ratigan credit for efforts to bring issues in the financial system into the public debate. No politician seems able to do this without a lot of rhetoric and risk to their own careers. Some of these are hot button issues that raise emotions when discussed.

Because the book examines the heart of our financial system in a very critical way, I advise caution for sensitive readers.

One of the great things about this book is that it is passionately nonpartisan. Ratigan focuses on problems and solutions, not on left vs. right or Democrats vs. Republicans. Political independents are a puzzle for many political junkies, who think anyone not identified with one party or the other must be apathetic, uninformed, or both. Independents will enjoy seeing their ideas championed and explained, and partisans will benefit from an intelligent exposition of the case for centrist activism.

Popularizing the word "extractionism" is a great service of the book, since the economist's term for the same thing, "rent-seeking," is more confusing. Ratigan defines extractionism as "taking money from others without creating anything of value." He argues that many businesses, aided by captured politicians, have become extractionists instead of capitalists. In several areas of the economy such as finance, trade, health care, education, and energy, Ratigan describes how profits are extracted without creating value, how government aids the extractors, and what might be done to stop this behavior.

Whether or not you agree with every argument in it, the book is a valuable guide to a coherent view of the world that has not been articulated by either political party. A politician who was able to unite people of both parties who share these views would win the presidency in a landslide.

...the other 1% should BEWARE. Dylan Ratigan shows us that our current economic "situation" requires some serious rethinking of issues that include reforming campaign finance, blocking the revolving door between Congress and private industries that fund their elections, and ending the gerrymandering of legislative districts by state legislatures. He shows us how conducting elections differently so that ALL candidates on the ballot can be rejected, thereby ending the false "choice" between the equally undesirable Democrat and Republican candidates can end. Our two-party system may have outlived its usefulness. And, unless we have the political will and a common goal to stop the corporate communists, "banksters" and other vampires who suck the lifeblood out of our Treasury, then we will lose our most precious promise of life, liberty, and the pursuit of happiness in America. PLEASE read this before the 2012 election. Weigh each of the candidates on the merits of their ability to direct us our of this quagmire.

I read a lot (books, the internet, magazines, etc...) with much of my time spent on trying to figure out the answer to what's wrong with the USA. I despise Kool Aid drinking Democrats and Republicans. The country would be MUCH better off if both parties were banned. Ratigan pretty much wrote what I would have written if I could write. If I had four hands, I'd give Greedy Bastards four thumbs up!! Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires from Sucking America Dry

this is a great book at a honest look at the problems facing our country it also provides a road map to solve a lot of the issues facing us and how if we work together a americans we can have an affect on or lifes