Archive for the ‘Capitalism & Corporations’ Category

Has America Become a Corporate Police State?

Saturday, June 4th, 2011

– This is definitely what I think is happening.   These changes have been creeping up on us so slowly that we’ve scarcely noticed their aggregation and increasing power over the years.

– Corporations (large ones, anyway) are primarily (by law) about maximizing the profits of their shareholders.  At some point in their growth and increasing competitive sophistication, they realize that shaping government policies is a viable strategy  for maximizing their shareholders profits – and the game is on.

– In the end, mankind will have to make a collective decision about this.   Their are two schools of thought about the choice:

– One point-of-view is that the maximization of individual profit and power is the highest thing humans can aspire to and thus what corporations and extremely wealthy individuals are about is a good thing.

– The second point-of-view is that our governments, laws and societies should primarily be about maximizing the quality of life for all of the people here on the planet.

– Thus far, our species and most of our societies haven’t made a conscious choice.   Indeed, I’ve seldom even seen the question/issue posed.

– But, there will come a time (it’s nearly upon us now) when the consequences of  letting the power and profit obsessed (both individual and corporate)  run free among us like wolves through the sheep will become blindingly obvious.

– dennis

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In just the last few years, the Corporate Police State has reared its head at every level of government.

“Corporate Police State,” it’s a fraught — some might even say, overwrought — term. But in its purest, apolitical form, it simply describes the periodic commingling of state and corporate power to protect private interests.

In the American psyche, any discussion of that phenomenon typically brings one of three images to mind. There’s the Old Corporate Police State — the sepia-toned America of decades long past, a place where state militiasmurder striking mine workers on behalf of Gilded Age barons and Congress empowers the government to forcibly ban work stoppages that defy corporate executives’ wishes. There’s the Fictional Future Corporate Police State — that smoldering bombed-out world depicted in “Robocop,” “Fortress” and every other dystopian flick in Hollywood’s post-apocalyptic catalog. And there’s the Foreign Corporate Police State — think Dubai, Singapore, Monaco and every other lavish enclave defined by lots of rich people, lots of corporate headquarters, lots of heavily armed cops — and almost no civil liberties.

By imagining the Corporate Police State primarily as a historical, fictional or foreign monster, these snapshots encourage us to believe that this monster poses no threat to us in the here and now. They encourage us, in other words, to ignore the monster’s creeping advances in present-day America.

In just the last few years, the Corporate Police State has reared its head at every level of government.

States and municipalities, for instance, have toughened criminal penalties and immigrationlaws at the behest of the private prison industry; empowered Wall Street banks to not only collect taxes but levy additional tax penalties; and allowed energy companies to exploit so-called forced pooling statutes, thereby creating what one Republican governor calls a new power of“private eminent domain.” One state is now even considering making it a criminal act to share your Netflix password with friends and family, because that is cutting into Netflix revenues.

In Washington, D.C., the federal government just enacted a healthcare bill whose individual mandate forces citizens to purchase private insurance, and the Pentagon has developed a reliable pattern of using military power to occupy resource-rich countries — and then to privatize those resources at the barrel of a gun.

This same government, which has granted corporations the rights of “personhood,” has also used its power to let corporations avoid the responsibilities of personhood — effectively using state power to create a new privileged status that is above the law. For instance, federal statutes have trampled the concept of “equal protection” by deliberately exempting corporate interests from the laws the rest of us live under — laws like the Safe Drinking Water Act (whichdoesn’t apply to natural gas drillers) and antitrust statutes (which still don’t apply to private health insurers). Federal courts have used judicial power to limit corporations’ legal and financial liability for fraud and lawbreaking.

– More…

As pollution soars, cancer is now the leading cause of death in China

Monday, May 30th, 2011

The Earth Policy Institute reported on figures today showing that cancer is now the leading cause of death in China, accounting for a quarter of all deaths in the country. The most common type? Lung cancer – caused in large part by increasingly foul air due to a heavy reliance on coal:

Deaths from this typically fatal disease have shot up nearly fivefold since the 1970s. In China’s rapidly growing cities, like Shanghai and Beijing, where particulates in the air are often four times higher than in New York City, nearly 30 percent of cancer deaths are from lung cancer.

The figures, which were compiled from the Chinese Ministry of Health, show the other side of China’s rush to develop new sources of energy.  In the case of lung cancer, the bad air is compounded by soaring tobacco use.

The Chinese are, rightfully, seen as aggressively pursuing leadership in clean energy, while America falls behind.  (I’ve used it to frame the debate too – and given how fast China is building projects and growing its manufacturing base, Americans better pay attention.)

But that comparison often ignores the broader picture in the country. Sure, China is beating us in wind installations and has a leg up in solar manufacturing; but in a country building a new coal plant every other week, any environmental and health impact of developing renewable energy is being negated by such a heavy reliance on dirty energy. Or, as the Earth Policy Institute so bluntly puts it: “China is sacrificing the health of its people, ultimately risking future prosperity” (and that’s on top of the devastation that awaits China from unrestricted emissions of greenhouse gases).

While official rhetoric recognizes the importance of preserving the environment and the health of its people, the Chinese government still has a long way to go in bolstering transparency and enforcement of even the existing environmental regulations, not to mention strengthening protection. If it does not do so, the country’s toxic burden threatens to stall or even reverse the dramatic health gains of the last 60 years, which raised average life expectancy from 45 to 74 years and slashed infant mortality from 122 deaths per 1,000 births down to 20. Economic gains could be lost as productivity wanes and massive health bills come due. Ultimately, a sick country can prosper only so long.

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Health Insurers Making Record Profits as Many Postpone Care

Saturday, May 14th, 2011

– Oh, American healthcare, you make me so sad.  300 million people trapped in a system that has, itself, been captured by corporate interests who care for nothing but the maximization of their own profit.

– Dennis

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The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.

The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased in some instances. In reporting its earnings last week, Cigna, another insurer, talked about the “low level” of medical use.

Yet the companies continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends.

More…

– Research thanks to Cara H.

BretonWoods outlook dark for America

Friday, April 15th, 2011

The George Soros-backed Institute for New Economic Thinking’s just-concluded Bretton Woods weekend conference of leading economists didn’t actually focus on America’s future, but the sum of the discussions produced a pretty grim outlook.

The current political and cultural polarization of the country was seen as probably worse today than at any time since the outbreak of the Civil War exactly 150 years ago. The geography of this polarization is also similar to that of the Civil War period and the issue of a powerful federal government versus states’ rights remains pretty much the same.

The polarization today is being propagated by wealthy and powerful elements on Wall Street and elsewhere that fund bitter, attack dog politics and sharply polarized media commentary.

The power of big financial and corporate lobbies is such that they overwhelm reform efforts with huge lobbying campaigns. The effort to regulate the banks and establish accountability for them has failed to a large extent. The Dodd/Frank law that is supposed to re-regulate the banks fails badly because the reform of the banks to date has involved actually making them bigger and fewer. The biggest 50-odd institutions are being designated as too big too fail, but are not being subjected to any rigorous or vigorous oversight and regulation.

By dint of being understood to be too big to fail these banks are effectively in a position to “short” the government, meaning that they can essentially force the government to subsidize them by pursuing risky investment policies that the government must then support. The cost of capital of the big boys is lower than that of the medium and smaller fry by reason of the “too big to fail” designation. Thus, they will eventually squeeze the other banks out of the game. So bye bye community banking and ever getting to a real person at the end of the endless telephone menus.

But it gets worse. Americans are far too indebted and are trying to repair their personal balance sheets and cutting consumption to pay down debt. But this is retarding recovery and forcing the government to spend more in order to keep some kind of growth going and unemployment falling. To avoid falling back into recession, the government spending will have to continue for quite some time. But this will exacerbate the U.S. trade and current account deficits and increase overseas dollar holdings.

The rest of the world is pretty strongly dedicated to export-led growth. The Germans are forcing the rest of Europe to deflate and the only way for Europe to get any growth is through exports. China says it wants to rebalance its trade and focus more on domestic consumption led growth. It’s nice that China wants to do this, but it will be extremely difficult if not impossible in practice for China actually to reverse its export led policies.

The result is likely to be a continued shift of the production of tradable goods and the provision of tradable services outside of the United States to off-shore locations.

These trends will see a continued erosion of America’s ability to provide a good, middle class standard of living at home and to extend security abroad.

The really smart people have already put their wealth in gold bars and moved to New Zealand.

To the original:

http://prestowitz.foreignpolicy.com/posts/2011/04/13/bretton_woods_outlook_dark_for_america

Study reveals rapid deforestation in Malaysia

Thursday, February 3rd, 2011

New satellite imagery shows Malaysia is destroying forests more than three times faster than all of Asia combined, and its carbon-rich peat soils of the Sarawak coast are being stripped even faster, according to a study released yesterday.

The report commissioned by the Netherlands-based Wetlands International says Malaysia is uprooting an average 2 percent of the rain forest a year on Sarawak, its largest state on the island of Borneo, or nearly 10 percent over the last five years. Most of it is being converted to palm oil plantations, it said.

The deforestation rate for all of Asia during the same period was 2.8 percent, it said.

In the last five years, 353,000 hectares (872,263 acres) of Malaysia’s peatlands were deforested, or one-third of the swamps which have stored carbon from decomposed plants for millions of years.

“We never knew exactly what was happening in Malaysia and Borneo,” said Wetlands spokesman Alex Kaat. “Now we see there is a huge expansion (of deforestation) with annual rates that are beyond imagination.”

– More…

Number of Americans living in poverty ‘increases by 4m’

Friday, January 28th, 2011

One in seven Americans was living in poverty in 2009 with the level of working-age poor the highest since the 1960s, the US Census Bureau says.

The number of people in poverty increased by nearly 4m – to 43.6m – between 2008 and 2009, officials said.

The bureau defines poverty as any family of four living on less than $21,954 a year.

Meanwhile, new figures showed home foreclosures in August hit the highest level since the mortgage crisis began.

Banks repossessed 95,364 properties in August, up 3% from July and an increase of 25% from August 2009, said RealtyTrac, a company which charts the national picture.

The official US poverty rate in 2009 rose to 14.3% from 13.2% in 2008. In 2009, 43.6 million Americans lived in poverty, up from 39.8 million the year before, the third consecutive increase, the bureau said.

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US new home sales in 2010 mark record low

Wednesday, January 26th, 2011

Sales of newly built homes in the US hit their lowest level in 2010 since records began 47 years ago.

For the year there were only 321,000 sales across the US, down 14% from 2009 and the fifth year of decline, the Department of Commerce said.

Sales did mark a strong rise in December, rising 17% from the previous month on a seasonally adjusted basis.

However, separate data showed mortgage applications fell sharply in January as borrowing rates continue to rise.

Applications for mortgages to finance home purchases fell nearly 9% last week, according to the Mortgage Bankers Association, hitting their lowest level since October.

The drop comes in response to a steady rise in long-term borrowing costs in the US in recent weeks, hitting 4.8% on 30-year mortgages in the last week.

‘Distressed’ sales

Despite the rise in the last month of the year, 2010 still recorded the lowest volume of sales in a December since 1966, according to thecommerce department’s data.

The year had begun well, with activity boosted by a homebuyers’ tax credit.

But sales levels plummeted in the summer following the April expiry of the credit, which economists claim merely encouraged buyers to bring forward purchases they would have made anyway.

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Kathmandu founder in $2m farm cruelty fight (a NZ company)

Monday, December 6th, 2010

Bravo, I say.  Bravo!

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The founder of Kathmandu has pledged $2 million to fight animal cruelty – and will give cash to anyone who dobs in farmers’ cruel practices.

Jan Cameron hopes “rewards” of up to $30,000 will entice insiders to expose any cruelty at battery hen and pig farms.

Estimated to have a personal fortune worth about $400 million, Ms Cameron hopes the money will put an end to sow crates.

Forty per cent of farms in New Zealand still use the small metal-barred crates. In an interview on TVNZ’s Sunday programme last night, Ms Cameron said she would do “whatever it takes” to put an end to sow crates. “It’s just torturing the animals.”

She would reward anyone who provided information about animal cruelty at battery hen and pig farms.

“The maximum reward will be up to $30,000 depending what the legal or animal welfare outcomes can be achieved as a result of the information they bring forward,” she said.

The money was there in case the informants lost their jobs.

Some money will also be given to the animal rights activist group SAFE, including for advertising to increase awareness of the situation.

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This Economy’s Winners and Losers (in the U.S.)

Monday, December 6th, 2010

U.S. Senator Bernard Sanders– Independent from the State of Vermont

– Check this out.  It is one powerful YouTube video.  And it makes me wonder why people sit still for it.

Click here

Inefficiency Hurts U.S. in Longevity Rankings

Thursday, December 2nd, 2010

By any measure, the United States spends more on health care than any other nation. Yet according to the World Fact Book (published by the Central Intelligence Agency), it ranks 49th in life expectancy.

Why?

Researchers writing in the November issue of the journal Health Affairs say they know the answer. After citing statistical evidence showing that American patterns of obesitysmoking, traffic accidents and homicide are not the cause of lower life expectancy, they conclude that the problem is the health care system.

Peter A. Muennig and Sherry A. Glied, researchers at the Mailman School of Public Health at Columbia University, compared the performance of the United States and 12 other industrialized nations: Australia, Austria, Belgium, Britain, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden and Switzerland. In addition to health care expenditures in each country, they focused on two other important statistics: 15-year survival for people at 45 years and for those at 65 years.

The researchers say those numbers present an accurate picture of public health because they measure a country’s success in preventing and treating the most common causes of death — cardiovascular disease, stroke and diabetes — which are more likely to occur at these ages. Their data come from the World Health Organization and cover 1975 to 2005.

Life expectancy increased over those years in all 13 countries, and so did health care costs. But the United States had the lowest increase in life expectancy and the highest increase in costs.

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– Research thanks to Rolf A.