Saturday, February 19, 2005

Obscene Profits Gouge Everyone

In recent history big profits have surged in industries that society has come to rely on. When do the obscene profits taken from all become too much. Investors however demand profitability and will divest of stock (demand repayment) in times of unprofitability. This process of pure unadulterated greed will only ensure the rich stay rich and the poor get ...prison. Maximizing gain and minimizing loss in business cycles*

Industry Profit
Insurance 4.1 Billion http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1108741020269_104150220?hub=Canada

Banks 9 Billion
http://www.cbc.ca/stories/2003/12/04/national041203

Pharmaceuticals 37 Billion
http://www.actupny.org/treatment/PharmcoProfits.html

What of electricity, oil, natural gas...all the same big profits. What of those who cannot afford to invest in the stock of a company? I guess they're supposed to use the product and shut up. It wouldn't be so bad if the profits went back into the community but in large they don't. They go into private accounts which may or may not result in reinvestment into the region which supplied the profit. It's a great system hu? "We all live under the haunting fear that something may corrupt the environment to the point where...our fate could perhaps be sealed twenty or more years before the development of the symptoms."D.E. Price-'Is Man Becoming Obsolete' The environment we live in is one of community and it is indeed collapsing-as Dubya Bush is proving.......
It appears the robber barrons are looting the store while the masses await huddled in cue for their meager rations of bread. Don't worry it appears the circus is in town!

Read:Progress and the Invisable Hand-Richard Bronk
The Psychology of Collapse-Jared Diamond

*http://www.historychannel.com/perl/print_book.pl?ID=204182

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