Prime Minister George Papandreou of Greece (who is worth millions) decided to go with the threat not of a “liquidity crisis” but rather a much grander “global financial meltdown” should Greece default on their loans that were ultimately supplied by Wall Street. Information on which Wall Street bank held what amount of the – let’s face it – rather small amount at risk was deliberately withheld,….I guess to protect the firm’
I hope that greater consideration will be give to the power of consumer boycotts as a means of putting pressure on our corporate would be masters. Strikes and public demonstrations are hard to organize and can be counterproductive as they could be used as a basis for invoking more "emergency powers". However, in a consumer based economy, boycotts can have tremedous power if they are sufficiently mass based and organized. For example, Koch Industries includes many subsidiaries which could be vulnerable (Georgia Pacific, Flint Hills refineries, cattle ranches etc, etc.....).
The amount of our GNP that is directed toward financing politics is a shameful waste of our financial resources - especially in hard economic times. With so much "Big Money" buying power, it puts pressure on the rest of us to contribute toward our candidates and causes in an attempt to curtail their abuse. This means that money that would have gone toward food banks, medical research, educational scholarships, etc., has been spent, instead, on fighting abuse of power.
Instead of public funding of elections, consider this idea:
I just learned that Michelle Bachmann's husband, Marcus, is a "Christian Counselor."
It seems he got his PHD in Clinical Psychology from a non-accredited college.
He calls gays "barbarians".... And said that parents should punish children who behave that way...
I can see him with a foster child.....
"Damnit now Billy, bend over this bar stool." Whap! "Put down that Barbie doll!" WHAP! "Drop It!"
"But dad, it's Ken dressed in Barbie's clothes." Whap! Whap! WHAP!
Check this Yahoo story from Reuters. Fascinating.
Over the weekend I watched book TV, and listened to HOO Joon Cheng, talk about his book "23 Things they don't tell you about capitalism." Everyone should read this book because I thought I knew but didn't really know that there is no scientific way to determine a free market.
Why in this country of "laws", is their a tiered justice system? Why are the rich and politically powerful above the law? Are the international courts so weak that they don't what to offend the U.S.