A Capital Idea Part 10: Well-Being as Capital
Presumably, the entire idea of capital is to create more well-being -- health, happiness and security. Capital represents resources which can be used to create more resources, which leads to more well-being. In that sense, this post gets to the heart of the matter.
The intended purpose of dispersants is to dissolve or suspend the medium to heavy fractions of oil in the sea water. Reports have surfaced of very large (~100s of square mile) plumes of suspended small droplets of oil in subsurface layers of the Gulf. There are two benefits to this suspension of the oil: 1) protection of important and vulnerable wetlands from fouling with surface oil, and 2) increased biodegradation.
The BP oil spill, Rand Paul, Ayn Rand, and the goofy Libertarians all rolled into one story..
BP is not a US company. Dubai is not a hometown. Neither are any other off-shore hiding places. Corporate interest is not our interest. Multinationals have no Flag. They have Logos. They pay unscrupulous citizens to act as their front and wave flags for them (to be passed out on the bus and picked up after).
Energy Secretary Chu -- no more than an amoral BP bagman
On listening to the Press Conference this morning, I wondered "WHY does Obama always call Steven Chu a 'Nobel Prize winner'"?
Well, there appears to BE SOME reason. And the reason, is it whitewashing? The Oil Age Corporatists' surely don't want the public to REALIZE that ENERGY SECRETARY STEVEN CHU is the Oil Industry's most illustrious bagman and bribee!
Yesterday on C-Span Coast Guard Admiral Allen stated that the black box had been damaged in the explosion. It was taken apart, repaired, and redeployed for continued use on the oil rig.
I am a scientist and I'm African American, and I am as sympathetic as you are Thom towards Obama and the bad hand he has been dealt. However, his EPA head, Lisa Jackson, should be ashamed of herself. Allowing 800,000 gallons of these toxic dispersants to be sprayed on our gulf is a repsonse I would expect from Bush's EPA, not Obama's. Read this on air or to Bernie, and please give me a free podcast year so I can listen to you in lab still!