busyOver the years, the marketeers have expanded from those areas of the economy that most typically fall into the bidding pit. The result is usually higher prices, lower reliability, and lower quality. Frex, books used to be made by people who liked books, and if there was money made, that was great, but the main goal was to do well enough to keep making books, not to make a huge profit. Now books are mostly made by people who like money; the industry is consolidated, and pardon me, but the quality of most resulting books is about like that of a Wal-Mart tomato. It looks good, but inside -- bleah. Marketeers and politicians managed to drag a large portion of America's retirement savings into the market, with the result that a lot of people -- not the ones whose idea it was, though -- lost their retirement savings, and in some cases, their retirement. Recently the world food market went haywire because speculators bought up vast amounts of food, and then lots of people couldn't afford to buy food to eat. Now we're watching a similar meltdown with housing, and houses used to be one of the safest possible investments; they're solid, and you can live in one, so they always have concrete worth.
So here's this article about corporations wanting to take over the water supply and other publically held utilities and infrastructure.
Alan Snitow and Deborah Kaufman | The New Corporate Threat to Our Water Supplies
Alan Snitow and Deborah Kaufman, TomDispatch.com: "In the last few years, the world's largest financial institutions and pension funds, from Goldman Sachs to Australia's Macquarie Bank, have figured out that old, trustworthy utilities and infrastructure could become reliable cash cows - supporting the financial system's speculative junk derivatives with the real concrete of highways, water utilities, airports, harbors and transit systems."
Excuse me while I get this soapbox into place ... there.
ARE YOU PEOPLE STUPID OR WHAT?!? HOW MANY SYSTEMS DO THESE BABOONS HAVE TO BREAK BEFORE YOU STOP LETTING THEM INTO NEW SYSTEMS? DO YOU KNOW ANYTHING ABOUT THE HISTORY OF HUMAN CIVILIZATION AND ITS UTTER DEPENDENCE ON WATER SUPPLY? DID YOU EVEN READ THE BOOKS?
I am done now. Thank you.
September 28 2008, 15:04:53 UTC 12 years ago
September 29 2008, 04:10:54 UTC 12 years ago
September 28 2008, 23:56:24 UTC 12 years ago
September 29 2008, 04:15:17 UTC 12 years ago
September 30 2008, 02:09:30 UTC 12 years ago