<![CDATA[Grist - Comment Feed for A few billions more]]> Grist Comment Feed en Comment #1 by stevenearlsalmony http://www.grist.org/article/a-few-billions-more/ Sat, 01 Nov 2008 06:21:53 -0700 http://www.grist.org/article/a-few-billions-more/1 $100 million in bonuses, that's all.........

Evidently organizers, managers and whiz kids overseeing the global economy, and the unraveling {ie, deleveraging} of the worldwide sub prime swindle, are running the artificially designed financial system of the global economy as a pyramid scheme. This is to say that the international financial system is being operated so that most of the wealth funneled pyramidally into the hands of a small minority of people at the top of the world economy where this wealth is accumulated and consolidated. Note that thirty percent of annual corporate profits end up in the accounts of a tiny number of people. At the same time, the vast majority of people on Earth, near the bottom of the global economic pyramid, are left with very little wealth. Does the economy of the family of humanity exist primarily to provide wealth to the already stupendously wealthy? The super-rich "bankstas" among us evidently think so. The grotesque behavior of these bankstas indicates that they could be suffering from a malignant form of greed.

In the 1980s, this extremely inequitable method of distributing wealth and arranging business activities was called a "trickle down" economy. We have been repeatedly told how this 'rational' economic scheme is good because it "raises all ships." And yet, from my limited scope of observation, the billion people living on resources valued at less than one dollar per day and the additional 2.7 billion people being sustained on two dollars per day of resources now appear to be stuck in squalid conditions. The 'ships' carrying these billions of less fortunate people {ie, more people than lived on Earth in the year of my birth} do not appear to be lifting the poor out of poverty.

What are the self-proclaimed Masters of the Universe, the self-appointed brightest and best, doing to merit the 100 million dollars in bonuses they have set aside for themselves, even as their self-enriching Ponzi games are leading to the loss of tens of trillions of dollars of economic wealth? The idea that taxpayers' bailout funds are underwriting such fraudulent behavior and pathological greediness strikes me as somehow not quite right.

Steven Earl Salmony
AWAREness Campaign on The Human Population,
established 2001
http://sustainabilitysoutheast.org/index.php


]]> $100 million in bonuses, that's all.........

Evidently organizers, managers and whiz kids overseeing the global economy, and the unraveling {ie, deleveraging} of the worldwide sub prime swindle, are running the artificially designed financial system of the global economy as a pyramid scheme. This is to say that the international financial system is being operated so that most of the wealth funneled pyramidally into the hands of a small minority of people at the top of the world economy where this wealth is accumulated and consolidated. Note that thirty percent of annual corporate profits end up in the accounts of a tiny number of people. At the same time, the vast majority of people on Earth, near the bottom of the global economic pyramid, are left with very little wealth. Does the economy of the family of humanity exist primarily to provide wealth to the already stupendously wealthy? The super-rich "bankstas" among us evidently think so. The grotesque behavior of these bankstas indicates that they could be suffering from a malignant form of greed.

In the 1980s, this extremely inequitable method of distributing wealth and arranging business activities was called a "trickle down" economy. We have been repeatedly told how this 'rational' economic scheme is good because it "raises all ships." And yet, from my limited scope of observation, the billion people living on resources valued at less than one dollar per day and the additional 2.7 billion people being sustained on two dollars per day of resources now appear to be stuck in squalid conditions. The 'ships' carrying these billions of less fortunate people {ie, more people than lived on Earth in the year of my birth} do not appear to be lifting the poor out of poverty.

What are the self-proclaimed Masters of the Universe, the self-appointed brightest and best, doing to merit the 100 million dollars in bonuses they have set aside for themselves, even as their self-enriching Ponzi games are leading to the loss of tens of trillions of dollars of economic wealth? The idea that taxpayers' bailout funds are underwriting such fraudulent behavior and pathological greediness strikes me as somehow not quite right.

Steven Earl Salmony
AWAREness Campaign on The Human Population,
established 2001
http://sustainabilitysoutheast.org/index.php


]]> Comment #2 by amazingdrx http://www.grist.org/article/a-few-billions-more/ Sat, 01 Nov 2008 15:22:01 -0700 http://www.grist.org/article/a-few-billions-more/2 Yabbit

This plays into the notion that clean coal can be delayed by supporting research.  The same with nuclear power and fuel farming.

Bring on the studies that call for a decade long delay in each of these areas.

Just turn the old talking point back on them.  remember the answer to climate change a few short years ago?  "More study", turned into "more research".

Then go with the stuff that works now, renewables and conservation.  By the time the research is over we won't need any of it.

http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

]]> Yabbit

This plays into the notion that clean coal can be delayed by supporting research.  The same with nuclear power and fuel farming.

Bring on the studies that call for a decade long delay in each of these areas.

Just turn the old talking point back on them.  remember the answer to climate change a few short years ago?  "More study", turned into "more research".

Then go with the stuff that works now, renewables and conservation.  By the time the research is over we won't need any of it.

http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

]]> Comment #3 by frflyer http://www.grist.org/article/a-few-billions-more/ Sun, 02 Nov 2008 17:01:12 -0800 http://www.grist.org/article/a-few-billions-more/3 clean coal verses solar and wind

Sounds like solar and wind are much further along than clean coal, so what are we waiting for? In 15 years solar will have far surpassed coal in cost benefits.
I have a new blog on energy solutions and climate change at.
http://energysolutionswecanbelievein.blogspot.com/

Steven Earl Salmony
Your post is right on, if off topic maybe.
A Pew Foundation study found that between 1983 and 2004, the bottom 80% of Americans only got 11% of the growth in wealth.
The top 1% got 33%
The next 4% got over 25%
The top 20% got 89%






]]> clean coal verses solar and wind

Sounds like solar and wind are much further along than clean coal, so what are we waiting for? In 15 years solar will have far surpassed coal in cost benefits.
I have a new blog on energy solutions and climate change at.
http://energysolutionswecanbelievein.blogspot.com/

Steven Earl Salmony
Your post is right on, if off topic maybe.
A Pew Foundation study found that between 1983 and 2004, the bottom 80% of Americans only got 11% of the growth in wealth.
The top 1% got 33%
The next 4% got over 25%
The top 20% got 89%






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