Category Archives: Business

The lie machine

Corporations, trade pacts and the media

I have come to the conclusion that the West is a vast lie machine for the secret agendas of vested interests. Consider, for example, the Transatlantic Trade and Investment Partnership and the Transpacific Trade and Investment Partnership. Continue reading

Have you ever heard of the JOBS Act? Neither have many would-be entrepreneurs, especially women

The JOBS Act is a “game changer” that would allow “ordinary Americans . . . to go online and invest in entrepreneurs they believe in,” says President Obama. Continue reading

The fracking prostitutes of American colleges

Part 3 of 3 parts

Among the mission statements of the University of North Dakota Department of Geology and Geological Engineering is that it “strives to develop in its engineering graduates keen insight and abilities to design an environmentally sound and sustainable future for humanity.” Continue reading

The fracking prostitutes of American colleges

Part 2 of a 3-part series

Two of the reasons Pennsylvania has no severance tax and one of the lowest taxes upon shale gas drilling are because of an overtly corporate-friendly legislature and a research report from Penn State, a private state-related university that receives about $300 million a year in public funds. Continue reading

The fracking prostitutes of American colleges

Part 1 of a 3-part series

Lackawanna College, a two-year college in Scranton, Pa., has become a prostitute. Continue reading

Global capitalism has written off the human race

Economic theory teaches that free price and profit movements ensure that capitalism produces the greatest welfare for the greatest number. Losses indicate economic activities where costs exceed the value of production, thus investment in these activities is curtailed. Profits indicate economic activities where the value of output exceeds its cost, thus investment increases. Prices indicate the relative scarcity and value of inputs and outputs, thus serving to organize production most efficiently. Continue reading

Why the Trans-Pacific Partnership is a bad idea

H. Ross Perot, the independent candidate for US president in 1992, said if NAFTA, the North American Free Trade Agreement, were passed you would hear a “giant sucking sound” as jobs left the US for Mexico. Continue reading

Happy birthday, NAFTA

“I believe we have made a decision now that will permit us to create an economic order in the world that will promote more growth, more equality, better preservation of the environment and a greater possibility of world peace. We are on the verge of a global economic expansion that is sparked by the fact that the United States, at this critical moment, decided that we would compete, not retreat. In a few moments, I will sign the North American Free Trade Act into law. NAFTA will tear down trade barriers between our three nations. It will create the world’s largest trade zone and create 200,000 jobs in this country by 1995 alone. The environmental and labor side agreements initiated by our administration will make this agreement a force for social progress as well as economic growth.” Continue reading

‘Rank hypocrisy’: WTO deal bows to wealth, squashes the poor

US and EU called out for protecting their own subsidies while demanding world's poorest citizens be pushed back into starvation

In announcing a final agreement in Bali, Indonesia on Saturday morning, head of the World Trade Organization Roberto Azevedo, said: “For the first time in our history, the WTO has truly delivered.” Continue reading

The Trans-Pacific Partnership will be a windfall for foreign corporations

American businesses have never been afraid to compete amongst each other within reason. Competition is what has driven our economy to produce higher quality products at better prices. But now that competitiveness is being threatened by an international pact from hell called The Trans-Pacific Partnership, which will severely tie our hands when trying to compete with certain foreign corporations. Continue reading

U.S. economic hegemony: Consolidation and deepening of the Pacific Alliance trade bloc

In a short period of time, the Pacific Alliance has emerged as one of the leading economic integration projects in Latin America. It aims to succeed where others have failed by creating a gateway to Asian markets and building a Pacific-rim trade deal. Continue reading

What are we going to do about our sociopathic corporations?

Scarcely a day goes by in the United States without a news story about serious ethical/criminal misbehavior by a bank or stock brokerage or credit-rating agency or insurance agency or derivatives firm or some other parasitic financial institution. Most of these firms produce no goods or services useful to human beings, but spend their days engaged in the manipulation of money, credit and markets, employing dozens of kinds of speculation. Continue reading

Hemp versus the status quo

The US rose to eminence by producing value, and by a fair percentage of citizens sharing the wealth. The further the nation has been corrupted from the stability of fairness, the faster our rate of decline. Runaway greed, lust for power, and raw capitalism have reversed our national trajectory so insidiously that not just we, but even Earth’s biosphere, are in free fall. Is it more than simple coincidence that such comprehensive decline so closely parallels our prohibition of hemp? Continue reading

Why would Republicans and Democrats vote to confiscate small businesses?

If I told you that federal lawmakers are about to forward a bill to the floor of Congress that would empower a government agency to go into towns all over the country and say to small businesses, “We are taking the land you are on and selling it to a large corporation, which spent millions of dollars lobbying to get this land, so that they can build a business that is needed more than yours,” would you be angry? Continue reading

Libya, gas prices, and the big payday at your expense

Another triumph for The Money Party

The average price for a gallon of gas rose 30 percent from $2.69 in July 2010 to $3.49 as of March 6. Most of that 30 percent has come in just the last few days. Continue reading

American manufacturing slowly rotting away: How industries die

I wrote in a previous article about why America’s manufacturing sector, despite record output, is actually in very deep trouble: record output doesn’t prove the sector healthy when we are running a huge trade deficit in manufactured goods, i.e. consuming more goods than we produce and plugging the gap with asset sales and debt. Continue reading