theobannion

Wealth Watch: Redefining Rich and Poor In a Shrinking Global Economy

Just a few points:

1) "...sustaining companies that aren't economically efficient" wouldn't be at all necessary if we hadn't thrown out the restrictions in effect since the 1930's that would have kept them from getting "too big to fail." Now they're even bigger.

2) As to our "defense protection," I assume you mean our war machine. I have no idea who we were defending ourselves against in Panama, or Iraq, or why we gave $1.1B to the gov of Colombia in the 80's when it was on the verge of signing a treaty with the FARC. If gringo oil interests weren't about to be negatively impacted by that treaty would Wash have parted with the bucks? And were it not for the oil interests disposessing the local farmers, would there even BE a FARC?

I have more to say, but I'm not sure what the point is, because the American people have no power whatever to change things. That could only happen in a democracy w/ a free press. Oh, yeah, might as well throw this into the pot before I go: When will we wise up & take a sledge hammer to the TV-networks/newspaper-... & create several thousand independent entities w/ multiple agendas & perspectives instead of five conglomerates that control all of the above (to say nothing of music & the mfg of TV's & myriad other electronic gadgets) & have been one of the two partners in the government/business complex since Reagan? Don't people recognize propaganda when they hear it 24/7?

Very predictable article re-hashing the conventional perspective. And you could have said it with about 90% fewer words.

Seamus O'Bannion.