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Jeffrey Sachs on the American Corporate State

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The Economist   Nov 12, 2011          

Homeward bound

How to turn America around

The Price of Civilisation: Reawakening American Virtue and Prosperity. By Jeffrey Sachs. Random House; 336 pages; $27. Published in Britain as “The Price of Civilisation: Economics and Ethics after the Fall”. Bodley Head; £20. Buy from Amazon.com, Amazon.co.uk

JEFFREY SACHS is an American economist best known for his prescriptions for economically diseased poor countries. The country he now considers most in need of his diagnostic gifts is his own. “Something has gone terribly wrong in the US economy, politics, and society in general,” Mr Sachs writes in “The Price of Civilisation”. American politicians are the stooges of corporations, he says. And American voters have been tranquillised into obesity by saturation advertising.

Such sentiments would appear unremarkable if spouted by an Occupy Wall Street protester. But Mr Sachs, a professor at Columbia University, is a respected, mainstream macroeconomist. Mr Sachs catalogues the familiar problems that beset the American economy: unemployment stuck at 9%, an exploding budget deficit, America ceding technological leadership to China, poorly educated American children.

But this is not principally a work of economics. Mr Sachs blames America’s problems on politics. In the 1960s, southerners began to desert the Democratic Party and Republicans began to build an insurmountable congressional barrier to more activist government, which Mr Sachs deeply regrets. He despises Barack Obama’s Democratic Party almost as much as he does Ronald Reagan’s Republicans: “On many days it seems that the only difference between the Republicans and Democrats is that Big Oil owns the Republicans while Wall Street owns the Democrats.” He is particularly scathing of the “revolving door” between Mr Obama’s administration and Wall Street.

The convergence between the parties, says Mr Sachs, has led to policies that systematically favour capital over labour, keep tax rates low on footloose multinational corporations and starve government programmes that benefit the poor and the unemployed. This, he claims, flies in the face of popular will: he cites polls that find the majority of Americans favour more activist government and higher taxes on the rich.

Mr Sachs’s analysis can be doctrinaire and one-dimensional, but it is almost always grounded in solid economics. Capital, he argues, has prospered more than labour during the era of globalisation. And America’s per head GDP is inflated by spending on an inefficient health-care system and the armed forces. Mr Sachs’s prescriptions are also admirably precise: the federal government should spend an additional 0.5% of GDP on worker training and the same again on early-childhood development; the top tax rate should be raised to 39.6%, which, neatly enough, he says, would raise the equivalent of 0.5% of GDP……….

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Serious health risks associated with GM food

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Institute for Responsible Technology    December, 2011

Genetically modified foods…….. Are they safe?

The American Academy of Environmental Medicine (AAEM) doesn’t think so. The Academy reported that “Several animal studies indicate serious health risks associated with GM food,” including infertility, immune problems, accelerated aging, faulty insulin regulation, and changes in major organs and the gastrointestinal system. The AAEM asked physicians to advise patients to avoid GM foods.

Before the FDA decided to allow GMOs into food without labeling, FDA scientists had repeatedly warned that GM foods can create unpredictable, hard-to-detect side effects, including allergies, toxins, new diseases, and nutritional problems. They urged long-term safety studies, but were ignored.

 

Since then, findings include:

  • Thousands of sheep, buffalo, and goats in India died after grazing on Bt cotton plants
  • Mice eating GM corn for the long term had fewer, and smaller, babies
  • More than half the babies of mother rats fed GM soy died within three weeks, and were smaller
  • Testicle cells of mice and rats on a GM soy change significantly
  • By the third generation, most GM soy-fed hamsters lost the ability to have babies
  • Rodents fed GM corn and soy showed immune system responses and signs of toxicity
  • Cooked GM soy contains as much as 7-times the amount of a known soy allergen
  • Soy allergies skyrocketed by 50% in the UK, soon after GM soy was introduced
  • The stomach lining of rats fed GM potatoes showed excessive cell growth, a condition that may lead to cancer.
  • Studies showed organ lesions, altered liver and pancreas cells, changed enzyme levels, etc.

Unlike safety evaluations for drugs, there are no human clinical trials of GM foods. The only published human feeding experiment revealed that the genetic material inserted into GM soy transfers into bacteria living inside our intestines and continues to function. This means that long after we stop eating GM foods, we may still have their GM proteins produced continuously inside us.  This could mean: Read the rest of this entry »

Globalization and Debt: a return to slavery?

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 Taibbi: “Orwellian” SEC May Have Been Hiding Big Wall Street Crimes
By Sarah Seltzer | AlterNet

 

Shock Doctrine in Practice: The Connection Between Nighttime Robbery In the Streets and Daytime Robbery By Elites

By Naomi Klein / The Nation   When you rob people of what little they have, in order to protect the interests of those who have more than anyone deserves, you should expect resistance.

 

Debt: The First Five Thousand Years

By David Graeber

Anthropologist David Graeber argues that it is only with a general historical understanding of debt and its relationship to violence that we can begin to appreciate our emerging epoch. Here he begins to fill in our historical knowledge gap

 

Americans Don’t Realize Just How Badly We’re Getting Screwed by the Top 0.1 Percent Hoarding the Country’s Wealth

By David DeGraw | Amped Status

 


Written by laudyms

August 18, 2011 at 9:56 am

Anarchy and Austerity: Why London Won’t Be the Last City to Burn

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Derek Thompson 

The Atlantic  Aug 10, 2011

The Great Recession gave birth to a lost generation across the world, where youth unemployment rates stretch into the 20s, 30s and even 40s. Those millions have responded with violence.

………… The theft and violence and street crime and lawlessness in London is shocking. But it’s not unique. Around the world, the burden of unemployment falls hardest on the young, who often respond with violence. The average jobless rate between 18-29 years was nearly 20% last year in OECD countries, the Wall Street Journal has reported. High unemployment was a factor in protests in Spain, uprisings in the Middle East and North Africa.

The connection between joblessness and violence comes to life in a timely August research paper Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009, which found “a clear positive correlation between fiscal retrenchment and instability.” Authors Jacopo Ponticelli and Hans-Joachim Voth examined the relationship between spending cuts and a measure of instability they termed CHAOS — “the sum of demonstrations, riots, strikes, assassinations, and attempted revolutions in a single year in each country.”

Their conclusion: Austerity breeds anarchy. More cuts, more crime. This clickable graph helps to tell the story……

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Written by laudyms

August 11, 2011 at 8:28 am

Does an Old EPA Fracking Study Provide Proof of Contamination?

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by Abrahm Lustgarten, ProPublica   Aug 5, 2011      Thewashingtoncurrent.com  

This post has been updated with the industry’s response.

For years the drilling industry has steadfastly insisted that there has never been a proven case in which fracking has led to contamination of drinking water.

Now Environmental Working Group, an advocacy organization engaged in the debate over the safety of fracking, has unearthed a 24-year-old case study by the U.S. Environmental Protection Agency that unequivocally says such contamination has occurred. The New York Times reported on EWG’s year-long research effort and the EPA’s paper Wednesday.

The 1987 EPA report, which describes a dark, mysterious gel found in a water well in Jackson County, W.Va., states that gels were also used to hydraulically fracture a nearby natural gas well and that “the residual fracturing fluid migrated into (the resident’s) water well.”

The circumstances of this particular well are not unique. There are several other cases across the country where evidence suggests similar contamination has occurred and many more where the chemicals used in hydraulic fracturing have contaminated water supplies on the surface. ProPublica has written about many of them in the course of a three-year investigation into the safety of drilling for natural gas.

But the language found in the EPA report made public Wednesday is the strongest articulation yet by federal officials that there is a direct causal connection between man-made fissures thousands of feet underground and contaminants found in well water gone bad. The explanation, presented in the EPA’s own words , stands in stark contrast to recent statements made by EPA officials that they could not document a proven case of contamination and a 2004 EPA report that concluded that fracturing was safe.

“This is our leading regulatory agency coming to the conclusion that hydraulic fracturing can and did contaminate underground sources of drinking water, which contradicts what industry has been saying for years,” said Dusty Horwitt, EWG’s senior counsel and the lead researcher on the report.

A spokesperson for the EPA would not directly address the apparent contradiction but said in an email that the agency is now reviewing the 1987 report and that “the agency has identified several circumstances where contamination of wells is alleged to have occurred and is reviewing those cases in depth.”

The contamination debate has intensified as tens of thousands more wells are being drilled in newly discovered shale gas deposits across the country. The EPA and some scientists have long warned that when rock is hydraulically fractured, there is an increased risk of contaminants traveling through underground cracks until they reach drinking water. Many geologists have countered, however, that migration over thousands of feet is virtually impossible.

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Corporate efforts to control State legislatures exposed!

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July 13, 2011        The Center for Media and Democracy has obtained copies of more than 800 model bills approved by corporations through ALEC meetings, after one of the thousands of people with access shared them, and a whistleblower provided a copy to the Center. We have analyzed and marked-up those bills and made them available at  ALEC Exposed.

Tell the IRS to investigate!

ALEC Exposed (A Project of CMD)

About ALEC Exposed

An open letter from CMD’s Executive Director, Lisa Graves

In April 2011, some of the biggest corporations in the U.S. met behind closed doors in Cincinnati about their wish lists for changing state laws.  This exchange was part of a series of corporate meetings nurtured and fueled by the Koch Industries family fortune and other corporate funding.

At an extravagant hotel gilded just before the Great Depression, corporate executives from the tobacco giant R.J. Reynolds, State Farm Insurance, and other corporations were joined by their “task force” co-chairs — all Republican state legislators — to approve “model” legislation. They jointly head task forces of what is called the “American Legislative Exchange Council” (ALEC).

There, as the Center for Media and Democracy has learned, these corporate-politician committees secretly voted on bills to rewrite numerous state laws. According to the documents we have posted to ALEC Exposed, corporations vote as equals with elected politicians on these bills. These task forces target legal rules that reach into almost every area of American life: worker and consumer rights, education, the rights of Americans injured or killed by corporations, taxes, health care, immigration, and the quality of the air we breathe and the water we drink.

The Center obtained copies of more than 800 model bills approved by companies through ALEC meetings, after one of the thousands of people with access shared them, and a whistleblower provided a copy to the Center. Those bills, which the Center has analyzed and marked-up, are now available at ALEC Exposed.

The bills that ALEC corporate leaders, companies and politicians voted on this spring now head to a luxury hotel in New Orleans’ French Quarter for ALEC’s national retreat on August 3rd. In New Orleans, Koch Industries — through its chief lobbyist — and lobbyists of other global companies are slated for a “joint board meeting” to approve the bills with a rookery of Republican legislators who are on ALEC’s public board. Before the bills are publicly introduced in state legislatures by ALEC politicians or alumni in the governor’s offices, they will be cleansed of any reference to the secret corporate voting or who really wrote them.

With CMD’s publication of the bills, the public can now pierce through some of the subterfuge about ALEC, and see beyond the names of the bills to what the bills really do, alongside the names of corporations that lead or have helped lead ALEC’s agenda and accompanied by analysis to help decode the bills.

Many of the bills have obvious financial benefits for corporations but little or no direct benefit to the constituents that a particular legislator was elected to represent. Still, it may be tempting to dismiss ALEC as merely institutionalizing business as usual for lobbyists, except that ALEC’s tax-free donations are linked to it not spending a substantial amount of time on lobbying to change the law. ALEC has publicly claimed its “unparalleled” success in terms of the number of model bills introduced and enacted. But seeing the text of the bills helps reveal the actual language of legal changes ALEC corporations desire, beyond what can be known by the PR in their titles. ALEC says it has created a “unique” partnership between corporations and politicians. And it has.

It is a worrisome marriage of corporations and politicians, which seems to normalize a kind of corruption of the legislative process — of the democratic process–in a nation of free people where the government is supposed to be of, by, and for the people, not the corporations.

The full sweep of the bills and their implications for America’s future, the corporate voting, and the extent of the corporate subsidy of ALEC’s legislation laundering all raise substantial questions. These questions should concern all Americans. They go to the heart of the health of our democracy and the direction of our country. When politicians — no matter their party — put corporate profits above the real needs of the people who elected them, something has gone very awry.

As President Teddy Roosevelt observed in response to corporate money corrupting the democratic process a century ago, “The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth . . . . The citizens of the United States must effectively control the mighty commercial forces which they have called into being.”

–Lisa Graves, Executive Director, Center for Media and Democracy

P.S. ALEC anointed the billionaire Koch Brothers as two of the first few recipients of its “Adam Smith Free Enterprise Award.” Smith argued that self-interest promoted more good in society than those who intend to do good. “Greed is good!” is how Oliver Stone translated this concept to fiction on screen.

On that score, perhaps, the award was apt, except that ALEC apparently ignores Smith’s caution that bills and regulations from business must be viewed with the deepest skepticism. In his book, ”Wealth of Nations”, Smith urged that any law proposed by businessmen “ought always to be listened to with great precaution . . . It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.”

One need not look far in the ALEC bills to find reasons to be deeply concerned and skeptical.Take a look for yourself.

Take Action! Send a letter today to ALEC’s corporate leaders telling them to DUMP ALEC!

See also:

How business lobbies bought all the laboratories of democracy

By Alex Pareene       – ALEC’s dream of a world where industry writes every state law

Matt Stoller: Who Wants Keep the War on Drugs Going AND Put You in Debtor’s Prison?

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June 24, 2011 Naked Capitalism

Matt Stoller is a current fellow at the Roosevelt Institute.  His Twitter feed is @matthewstoller.

More than a third of all states allow debtors “who can’t or won’t pay their debts” to be jailed.  In 2010, according to the Wall Street Journal, judges have issued 5,000 such warrants.  What is behind the increased pressure to incarcerate people with debts?  Is it a desire to force debt payment?  Or is it part of a new structure where incarceration is becoming increasingly the default tool to address any and all social problems?

Consider a different example that has nothing to do with debts.  Earlier this year, a Pennsylvania judge was convicted of racketeering, of taking bribes from parties of interest in his cases.  It was a fairly routine case of bribery, with one significant exception.  The party making the payoffs was a builder and operator of youth prisons, and the judge was rewarding him by sending lots of kids to his prisons.

Welcome to the for-profit prison industry.  It’s an industry that wants people in jail, because jail is their product.  And they have shareholder expectations to meet.

Privatized prisons are marketed to international investors as “social infrastructure”, and they are part of a wave of privatization washing over the globe.  Multi-billion dollar prison companies are upgraded by analysts with antiseptic words like “prospects for global prison growth”, and these companies have built a revolving door and patronage machine characteristic of any government contractor.  Only, in this case, the business they are in is putting people into steel cages (or “filling beds” as they put it), and they don’t care how, why, or whether the people in those beds should be there.  They don’t care if you’re in prison for smoking pot, stealing cars, or being in debt.  They just want people in jail.

Here’s the 2010 10k of the Corrections Corporation of America (PDF), the largest operator of private prisons in the country.  It’s a pretty simple business model – more prisoners, more money.  Or, as the company writes, “Historically, we have been successful in substantially filling our inventory of available beds and the beds that we have constructed.  Filling these available beds would provide substantial growth in revenues, cash flow, and earnings per share.”

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Paul Craig Roberts: Conspiracy Theory

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by Paul Craig Roberts    Foreign Policy Journal  June 20, 2011 

 

While we were not watching, conspiracy theory has undergone Orwellian redefinition.

A “conspiracy theory” no longer means an event explained by a conspiracy.  Instead, it now means any explanation, or even a fact, that is out of step with the government’s explanation and that of its media pimps.

For example, online news broadcasts of Russia Today (RT) have been equated with conspiracy theories by the New York Times simply because RT reports news and opinions that the New York Times does not report and the US government does not endorse.

In other words, as truth becomes uncomfortable for government and its Ministry of Propaganda, truth is redefined as conspiracy theory, by which is meant an absurd and laughable explanation that we should ignore.

When piles of carefully researched books, released government documents, and testimony of eye witnesses made it clear that Oswald was not President John F. Kennedy’s assassin, the voluminous research, government documents, and verified testimony was dismissed as “conspiracy theory.”

In other words, the truth of the event was unacceptable to the authorities and to the Ministry of Propaganda that represents the interests of authorities.

The purest example of how Americans are shielded from truth is the media’s (including many Internet sites’) response to the large number of professionals who find the official explanation of September 11, 2001, inconsistent with everything they, as experts, know about physics, chemistry, structural engineering, architecture, fires, structural damage, the piloting of airplanes, the security procedures of the United States, NORAD’s capabilities, air traffic control, airport security, and other matters.  These experts, numbering in the thousands, have been shouted down by know-nothings in the media who brand the experts as “conspiracy theorists.”

This despite the fact that the official explanation endorsed by the official media is the most extravagant conspiracy theory in human history.

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The Mysterious Deaths of Nine Gulf Oil Spill Whistleblowers

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In the past year, nine vocal critics or potential whistleblowers of the Gulf oil spill all died in extremely mysterious ways. [Ed note: two others are also included here: one missing, one jailed.] Their deaths could be strange, unrelated coincidences. Or they could have been killed as part of a conspiracy to silence those who were speaking out against the worst oil spill in American history.

SOURCE: REAL COASTAL WARRIORS  27 March 2011

Gregory Stone

February 17, 2011 – LSU scientist Gregory Stone, 54 – Unknown Illness

Anthony Nicholas Tremonte

January 26, 2011 – age 31 – Mississippi Department of Marine Resources officer, from Ocean Springs arrested on child porn charge. 

As an officer with the Mississippi Department of Marine Resources on the Gulf Coast, he may have known enough to qualify him for membership in this exclusive series of coincidences. He faces up to 40 years in prison if convicted.
Dr. Thomas B. Manton

January 19, 2011 – former President and CEO of the International Oil Spill Control Corporation – imprisonment and subsequent murder while jailed

John P. Wheeler II

December 31, 2010 – a former Pentagon official and presidential aide and a defense consultant and expert on chemical and biological weapons – was beaten to death in an assault, body was discovered in a Wilmington landfill

James Patrick Black

November 23, 2010 – an incident commander for BP’s Gulf of Mexico oil spill response team, died Tuesday night near Destin, Florida in a small plane crash’

Chitra Chaunhan

November 15, 2010 – age 33, worked in the USF Center for Biological Defense and Global Health Infectious Disease Research – Found dead in an apparent suicide by cyanide at a Temple Terrace hotel. She leaves behind a husband and a young child.

Dr. Jeffrey Gardner, Swan Doctor

November, 2010 – MIA Status, of Lakeland, FL – Swan expert who “ran into legal trouble over an expired prescription license has closed his practice” — Was investigating unexplained bird deaths near Sarasota abruptly and immediately closed his practice, and apparently his investigation into the deaths of swans in Sarasota, suspected to have been impacted by the BP Oil Disaster. No one has heard or spoken with him since. Watch this news report covering his investigation before his disappearance:  video

Roger Grooters, Cyclist

October 6, 2010 – age 66, was hit by a truck as he passed through Panama City, Florida. Mr. Grooters had been knocked down and killed close to the end of a 3,200-mile trans-America charity ride to raise awareness about the Gulf Coast oil disaster. He began his cross-country bike ride in Oceanside, California, on September 10th. Grooters’s family and friends will cycle the final stretch of the journey from the Pacific to the Atlantic in his honour, raising cash to support Gulf Coast families. Read more: here

Senator Ted Stevens

August 9, 2010 – Senator Ted Stevens of Alaska, 86, the longest-serving Republican senator in history, was among nine people on board when the 1957 DeHavilland DHC-3 Otter, crashed into a brush- and rock-covered mountainside Monday afternoon about 17 miles north of the southwest Alaska fishing town of Dillingham, federal officials said. Stevens was the recipient of a whistleblower’s communication relative to the BP Oil Disaster blow-out preventer, and a conspiracy of secrecy to hide the facts from the public. More here

A 48-year-old veteran oil worker claims “You and your fellow Committee members may wish to require BP to explain what action was ultimately instituted to cease the practice of falsifying BOP tests at BP Prudhoe drilling rigs. It was a cost saving but dangerous practice, again endangering the BP workforce, until I exposed it to Senator Ted Stevens, the EPA, and the Alaska Oil and Gas Conservation Commission.” The cause of the crash is still an OPEN investigation by the NTSB.

Matthew Simmons

August 13, 2010 – age 67 – Simmons’ body was found Sunday night in his hot tub, investigators said. An autopsy by the state medical examiner’s office concluded Monday that he died from accidental drowning with heart disease as a contributing factor – “It was painful as can be” to be only insider willing to speak out against the “officials” during the BP Oil Disaster in the Gulf of Mexico

Scientist Joseph Morrissey

April 6, 2010 – age 46 – cell biologist and college professor, a near-native Floridian who chose to return to South Florida after studying at elite universities – was fatally shot during what police say was a home invasion robbery.

Links and video:   Read the rest of this entry »

We will bring the giants to their knees and you will witness our revolution!

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Quote of the Week           We Ain’t Got Time to Bleed


We Ain’t Got Time To Bleed. It’s Time for the Revolution.

“You control our world. You’ve poisoned the air we breathe, contaminated the water we drink, and copyrighted the food we eat. We fight in your wars, die for your causes, and sacrifice our freedoms to protect you. You’ve liquidated our savings, destroyed our middle class, and used our tax dollars to bailout your unending greed. We are slaves to your corporations, zombies to your airwaves, servants to your decadence. You’ve stolen our elections, assassinated our leaders, and abolished our basic rights as human beings. You own our property, shipped away our jobs, and shredded our unions. You’ve profited off of disaster, destabilized our currencies, and raised our cost of living. You’ve monopolized our freedom, stripped away our education, and have almost extinguished our flame. We are hit…we are bleeding…but we ain’t got time to bleed. We will bring the giants to their knees and you will witness our revolution! “

-Former Minnesota Governor Jesse Ventura, April 12, 2011

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