Capitalism Highlights: Predator, Bailout, Terrorist - Triumphs Of 21st Century
Publisher: First and foremost, Mr. Appleby, do you have any comprehension of the significant size which a fourteen trillion currency value represents? ........... Who in this universe would trash this devastating size of accumulated energy and effort, for self-serving, self-centered, obscene profit and greed, precipitating near global economic collapse which the economically strangled people pay for again in bailouts? ............ Do you comprehend that tiny portions of these funds in research and development would wipe out all disease and save countless lives and alleviate untold misery and suffering? ........ Starvation would be non-existent ......... Wholesome education (not robot, disconnected, specialized, corporate slave sponsored education) would eliminate poverty ....... With wholesome education, "plastic band aids" and corn would not be considered as solutions to the stagnant energy crisis, pollution, and ecological imbalance causing global warming with deadly consequences rivaled only by fables and legends ........... What kind of population would support this kind of system and play trivia in their spare time? .......... What kind of population with an awareness of its past, a history ripe with feudal systems, kings, despots and dictators, would permit non-living Entities, devoid of a bill of rights (Corporations) to create systems peoples lives depend upon? ....... And allow these non-living Entities to buy/create their own laws, corrupt the politics of nations, seize, hoard, and wield for themselves most of the wealth of the human race? ........ Freedom and Democracy - for the people, by the people, of the people - does not disconnect from Survival with that gigantic of a gap, a gap so huge it can only be measured in light-year parallel. ............. We must reject your story, as we do not have a readership that could connect with your disconnect. Your world in your story does not fit in the realm of universal possibility, and is impossible.
Appleby's world, "a world where he never had to pay a power bill, where heating and cooling were free of energy costs, where his water was pure and veggies local and fresh, and where a four hour work day allowed him ample spare time to indulge in his writing fantasies. Outside, the air was fresh and the streets clean. Everyone had a job, and in this world-the real world-there were no clandestine powers holding back progress. All received a fair share for their efforts"
An Impossible World? Excerpt from The Energy Solution Revolution by Brian O'Leary http://freedomtimes.blogspot.com/2009/04/impossible-world.html
Credibility for Appleby's world provided by Freedom Times & StarSteps:The Radius of Curvature of all Natural Law principle buried within the equation E=MC2 unified Physics and Metaphysics. In short, the quantity C was the measure of the radius of curvature of natural law. It was the factor enabling us to determine precisely the degree of change in the curvature of one law which is brought about by a specified change in the application of the others (i.e., using the common denominator equivalents of space, time, mass, matter, energy, gravity). Stating that the quantity C is the radius of the curvature of natural law, simply means that if a differential of energy equal to this quantity exists between the observer and the point which he is observing, the natural laws will be suspended. If the energy differential is in excess of the quantity C, the laws will appear to operate in reverse at that point. In effect, an unlimited, multidimensional universe opened, dissolving the light barrier and single pole gravitational limitation, merging science and spiritual dimensions to a unified, as above so below, foundation of previously unimaginable prosperity, abundance, health and well being, opening the gateway, the steps to the stars.
"Poverty in all its forms is the greatest single threat to peace, democracy, human rights, and the environment. It is a time bomb against the heart of liberty" World Trade Organization Director Mike Moore.
"Inadequate comprehension and application of Energy, in all its forms, in an increasingly complex and evolving civilization, is the single greatest causal factor of poverty - and the vehicle to self-destruct." Decatalyst
"As systems increase in complexity, their energy intensity and energy requirements to sustain life rise accordingly." Hydrocarbons ceased fitting the energy bill, became obsolete, years ago. Nobel Prize winner , Ilya Progogine Revisiting the Nature of Power: http://www.relaxspa.net/Revisiting_Power.htm
Onward the capitalist machine marches, as it grinds down the vast majority of citizens, plunders our environment, ignores treaty obligations and ignores the problems of the inner cities. Inside the country, economic and social bad news multiply with a joint relentlessness. The public education system is in crisis and health insurance for 50 million Americans simply does not exist. The unemployment rates in the US mount inexorably, as more jobs are lost every day.
Capitalism as an Imperialist 'tool' Neoimperialism: Skimming the Cream Chapter 1 of Against Empire http://www.michaelparenti.org/AgainstEmpire.html by Michael Parenti. Michael Parenti received his Ph.D. in political science from Yale University in 1962
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
"Corporism: The Systemic Disease that Destroys Civilization."
http://www.countercurrents.org/glo-reiner11503.htm Huge corporations now control America's body politic by reason of their bald-faced purchases of the three branches of the American government and America's major media. by Ken Reiner: firstname.lastname@example.org 05/09/03: I view the continuing growth of corporate power and its despotic control of governments throughout the world, including our own, as a socio-economic disease. While Mussolini and others named it "Fascism," I call it "Corporism" because that name better reveals its underlying institutional structure. I would define Corporism as the domination of government and society by the emergence and power of the giant publicly-traded multinational corporations and financial institutions, organized in totalitarian hierarchies, which singly and in combinations buy or destroy their competitors, corrupt the politics of nations, and seize, hoard, and wield for themselves most of the wealth of the human race.
We must recognize that we do have this cancerous disease, what it is doing to us and the world we live in, how it came about historically, and how and why it continues to be generated and sustained now in our society. Just as computer viruses find their ways into the software of our computers and destroy their operation, Corporism, promulgating itself by financial, legal, and technological means, has infected society in ways that lead to the hoarding of human resources, increasing insecurity and misery for the bulk of the world's population, perhaps even to worldwide holocaust. We must conquer this disease if we are to survive.
'Self-Inflicted Damage': Highlights From 'Bailout Nation'
A New Book From Bailout Critic Barry Ritholtz Takes on Citigroup, Chrysler and More
'Bailout Nation' Author Rips $14T Rescue
By ALICE GOMSTYN ABC NEWS Business Unit
May 27, 2009—
How long does it take to explain how the U.S. government has ended up spending billions of dollars in taxpayer funds to bail out some of the country's largest, most well-known corporations?
If you check with bailout critic and Fusion IQ chief executive Barry Ritholtz, the answer is about 300 pages. "Bailout Nation, Ritholtz's new book, "points fingers and lays the blame at a number of places," the author told ABCNews.com.
"Now that the worst of the crisis is over, we need to start thinking about how this happened and how we can prevent it from happening again in the future," Ritholtz said. "It's important not only that we avoid repeating the mistake but we figure out the causes of this and then start setting about repairing the damage that was done."
Below are some of the highlights of the analysis in Ritholtz's book, courtesy of the book's publisher, Wiley.
From 'Bailout Nation'
1. This was not a "perfect storm" -- unforeseeable random events that just happened. In reality, it was a series of conscious decisions made by investment banks, commercial banks, government officials, regulators and central bankers that were simply awful. 2. The bailout has cost more so far than the Marshall Plan, the Louisiana Purchase, the race to the Moon, the S&L crisis, the Korean War, The New Deal, the Gulf War II/Invasion of Iraq, Vietnam War, NASA and War World II COMBINED. (Oh, and that includes adjusting the other expenses for inflation).
3. The CEOs of the biggest 15 investment banks, mortgage firms and commercial banks "retired" from the firms they helped to ruin, and took home more than $1.5 billion in compensation.
4. Warren Buffet offered Lehman Brothers a multi-billion dollar investment that would have saved the firm. Dick Fuld, Lehman's CEO, turned him down, so he invested it in Goldman Sachs instead.
5. No, contrary to popular rumor, AIG was not brought down by the collapse of Lehman Brothers. In fact, AIG's exposure to LEH was balanced. Instead, they were like two swimmers caught in the same riptide. And the same forces that led to Lehman's demise also killed AIG: too much leverage, too much sub-prime mortgage exposure, too little risk management.
Highlights From 'Bailout Nation' (cont.)
6. When the United States bailed out Chrysler in 1980, the UAW had 1.5 million members and the Big 3 had a 75 percent U.S. market share. Since that "successful" bailout, the UAW is down to 400,000 members and falling; the Big Three fell below a 50 percent U.S. market share for the first time in May 2008.
7. Nearly every bailout had followed the same script: similar timeliness, official statements, stock action, politics and, ultimately, taxpayer money.
8. Much of the damage to these companies was self-inflicted: the excess leverage, mortgage exposure, deregulation and lowering of credit standards took place at the behest of these firms. They were not killed by others, they committed suicide.
9. The S&L crisis wasn't a bailout; it was a payout on a federally funded deposit insurance program.
10. The total cost of the bailouts so far, including loans, guarantees, assumption of risk and outright gifts, exceeds $14 trillion.
11. The Troubled Assets Relief Program was an elaborate ruse designed to hide the fact that Citigroup was insolvent.
12. Wells Fargo bought Wachovia for $15 billion, but managed to squeeze a $74 billion tax shelter through the IRS for the purchase. Net profit, $59 billion dollars, pretty nice for one day's work.
13. Citigroup had been lobbying for the repeal of the Glass-Steagall Act since the 1980s. They finally got their wish, and it helped destroy the bank.
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