View Poll Results: Does the linked article correctly describe our current fiscal condition?

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  • Needs more detailed info about business areas

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Thread: An analogy regarding our 1% and perhaps us.

  1. #1
    Iconoclast
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    An analogy regarding our 1% and perhaps us.

    http://www.nytimes.com/2012/10/14/op...general&src=me

    "Businessmen like to style themselves as the defenders of the free market economy, but as Luigi Zingales, an economist at the University of Chicago Booth School of Business, argued, “Most lobbying is pro-business, in the sense that it promotes the interests of existing businesses, not pro-market in the sense of fostering truly free and open competition.”

    "It is no accident that in America today the gap between the very rich and everyone else is wider than at any time since the Gilded Age. Now, as then, the titans are seeking an even greater political voice to match their economic power. Now, as then, the inevitable danger is that they will confuse their own self-interest with the common good. The irony of the political rise of the plutocrats is that, like Venice’s oligarchs, they threaten the system that created them. "

    After reading, does it seem germaine to our present condition?

    Have you appraised our current big profit Corporations?

    How does Big Energy fit in here?

    Who's at fault?

    Is this why "War is good business."?

  2. #2
    Iconoclast
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    Re: An analogy regarding our 1% and perhaps us.

    I would submit the Energy Industry as one of the larger problems related to this issue. Green Energy initiatives by our Gov't are captured by existing Energy distributors in a manner that the existing distributor will also distribute the Green energy. Ergo huge wind generators, large fields of Solar arrays and their output enters the existing grid and profits the Big Energy distributors. This would compare to the true Green Energy initiatives that would fund local generation facillities on local homes or businesses, and if any excess is generated, it would be purchased by the local utility. This would make many local jobs and cut energy costs and stimulate local economies. Big Energy Corportations would be the net losers in this equation and they know that and lobby for Big Energy projects like windmills (huge) and solar arrays (centralized). I would like a post about Wind Generation because this is the largest money giveaway in history, but you have to have money to get it.

  3. #3
    Iconoclast
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    Re: An analogy regarding our 1% and perhaps us.

    I'm a lot surprised that this post isn't getting more traction. The issue is complex and I thought the analogy in the NYTimes article was perfect and clearly defined the problem as effects our Nation today. How about someone disagreeing with the premise and stating a few supporting facts. Does this apply to having saved the banks? Is it our war industry? Is it Big Energy as I state? Am I full of crap? Push your favorite reality! How about the Radical right/Conservatives explaining how giving the rich more money has actually created jobs recently. With details. I suspect that there is great fear and loathing in that sector when push comes to shove as regards the real world.

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