Interesting story about Dennis Kucinich:
Mitt Romney did not invent predatory capitalism. It’s been around for a while.
Predatory capitalism was already alive and well in 1978, in Cleveland. That was when the One Percent who controlled the banks, and pretty much everything else of value, decided that they wanted to steal the local power company from the people of Cleveland.
By way of background, Cleveland Public Power was founded by the Mayor of Cleveland, more than a century ago. It provides the people of Cleveland with electricity — without the price gouging, poor service, pollution and monopolization for which Big Energy seems to strive.
The One Percent didn’t like that idea at all. So they invested in a private company called Cleveland Electric Illuminating. They wanted to steal Cleveland Public Power from the people, and then jack up the rates, and make lots and lots of money.
They then issued this ultimatum:
(1) hand over the assets of Cleveland Public Power to us, or
(2) we will pull the plug on Cleveland.
By which they meant that they would boycott the City of Cleveland’s bonds as they came due, and drive the City into bankruptcy.
Which they then did. The One Percent forced the City of Cleveland into bankruptcy.
But they didn’t anticipate one thing. What the 32-year-old, first-term Mayor of Cleveland would say.
(more at the link above)