Tuesday, April 12, 2011

Juan Cole nicely summarises the current US situation, comparing governments to corporations:

Here:
Government is not bad. It builds your roads, funds your hospitals, pays your social security (the elderly were the poorest group in American in the 1920s, now they generally not so badly off, because of a government program), and could help solve global warming by building high speed rail and promoting green energy. Corporations don’t do anything of that sort for you. Some of them are well-run and make things that improve lives. But many of them (as with industrial fishing) are destroying the species-wealth of the planet, or strip-mining it, or pumping enormous amounts of poisonous carbon into its atmosphere. Or they are ponzi schemes or modern-day slavers who get people deeply in debt and charge them usurious interest rates, turning them into serfs-for-the-lender.

Read it all by following the link above.

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