Gambling with the World Economy

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University of Central Florida economist Sean Snaith is claiming the gulf oil volcanic spill will cost Florida up to $2.2 billion in its gross state product and could end 39,000 jobs in that one gulf state alone. Other Gulf states will feel similar impacts. One of the biggest issues never, ever discussed in the media is how giant monopoly corporations dump their expenses - in this case environmental damage, and cancers and asthmas from burning gasoline and other petroleum products - on We The People, and declare and pay to themselves, their senior executives, and stockholders what they call "profits." The banksters did the same thing, pouring money into their own pockets while dumping on the rest of us the real expense of their gambling with the world economy.

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Thom
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Jul. 31, 2007 3:01 pm

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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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