Fundamental Human Rights

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Posts Tagged ‘Wal-Mart’

Buffet the Poor

Posted by feww on May 25, 2008

Warren Buffet: World’s biggest moneybag [AND CO2 producer]

The United States is in a recession, one that will be longer and deeper than most people expect, said Warren Buffet, the world’s biggest moneybag.

“[T]he people are already feeling the effects,” said Buffet. “It will be deeper and last longer than many think.”

The world’s moneybags have only one goal in mind: To make more money than everyone else, despite the environmental and social consequences. “If the world were falling apart I’d still invest in companies,” Buffet said.


Warren Buffet listens to a question during a news conference in Madrid May 21, 2008. REUTERS/Andrea Comas. Image may be subject to copyright. See RTSF fair Use Notice!

Invariably, they blame someone else for the ills they create. Buffet, as usual, blamed the derivatives market.

“It’s not right that hundreds of thousands of jobs are being eliminated, that entire industrial sectors in the real economy are being wiped out by financial bets even though the sectors are actually in good health.”

Buffet bemoans the “lack of effective controls,” as if the system ever had any.

“That’s the problem,” he said. “You can’t steer it, you can’t regulate it anymore. You can’t get the genie back in the bottle.”

Thank you for Lesson One, economy 101, Mr “B,” and may you live long enough to witness the full scale of the environmental and social catastrophes, the impact of your lot’s casino economy on the world. May you live in interesting times!

Related Fact:

  • Warren Buffet’s Net Worth: $62.0billion [Warren Buffet produced at least 30.628MMT of CO2 in 2007]
  • Combined Net Worth of World’s Richest 100 : $1,725 billion
  • No. of World’s Billionaires : 1,125
  • Combined Net Worth of World’s Billionaires : $4,384 billion (source)
  • No. of people who live on less than $2 per day: About 4 billion (Source)

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Posted in environment, human rights, inequality, politics, poverty, US, wealth | Tagged: , , , , , , , , , , , , , , , | 6 Comments »

Corporatocracy killing democracy!

Posted by terres on May 23, 2008

Corporatocracy turns its sights on last remaining pillars of democracy

by Malcolm Martin

http://www.opednews.com

The children are taught that the United States of America is a democracy. As the tale is told, at the founding of the nation, a government “of, by, and for the people” was established. […]

Then there is consolidation by vertical integration and its heavyweight champion is Wal-Mart, the world’s largest corporation. Wal-Mart has made a partner of the Chinese government. Working together, the partners have turned China into a vast subsistence-wage labor camp. […]

f you watch FOX, the reality is filtered through Rupert Murdoch’s Newscorp, NBC is General Electric news, CNN is Time/Warner news, ABC brings you into Disney’s world, and Viacom regularly checks the iconic CBS news department to make sure Edward R. Murrow is still dead and buried under a mountain of infotainment. That is when Viacom is not preparing America’s youth for slavery and death through MTV and B.E.T. […]

The corporations have begun forming their own Praetorian Guard. The massacre of Iraqi civilians and the patrolling of the hurricane ravaged streets of New Orleans have made Blackwater Worldwide, formerly Blackwater USA, the most famous of the rising corporate armies. […] Read More …

Copyright © OpEdNews, 2002-2008

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Posted in America, autocracy, bankruptcy, banks, bootjack tactics, cabal, Corporatocracy, democracy, Malcolm Martin | Tagged: , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »