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.

Thom's picture
Thom
Joined:
Jul. 31, 2007 4:01 pm

We Have All Won An Oligarchy and Lost A Democracy

Here's a thought experiment for you. Ask yourself, "When was the last time I heard any conversation at all about the role of corporations in America in the American public media?"

In the abstract, it seems like a silly question. So let me rephrase it:

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