EXTRACT: A new paper, The Network of Global Corporate Control by Vitali et. al. from ETH in Zurich. This paper finds, through extensive network analysis, that a small group of tightly intertwined financial institutions control the bow of the global financial system. It is in effect, the world's first super-organism. 147 trans-national companies that the global core that is owned by itself (3/4 of the ownership of firm's in this organism are owned by firms in the organism). This organism is beyond governments. If it is self serving (and this shouldn't be too hard to assume), it is the equivalent of a biological cancer that has metastasized.
Phi Beta Iota: The day will come when the executives of the 147 transnational companies find themselves kidnapped, renditioned, and tortured until they make restitution by giving up the majority of their ill-gotten gains. We anticipate a mix of vigilante, criminal, and third world governments getting into this business. On the other end of the spectrum, we anticipate a massive withdrawal of normal people from the fraud-ridden world of banking and government-printed money. The two go together.
The Wall Street crew that wants to cut your Social Security and Medicare benefits are sensing that victory is in sight. They have managed to knock jobs completely off the agenda and have made deficit reduction the near exclusive focus of economic policy in Washington. They are now setting the stage to have the Congressional “super committee” produce a deal that will mean large cuts in both programs.
The backdrop for these cuts is that the country is in crisis and that we have no choice. A central part of this story is that the stock market crashed last week in response to the Standard & Poor's (S&P) downgrade of US government debt. The Wall Street crew and their allies in the media and Congress will tell the country that if we don't have the cuts in Social Security and Medicare demanded by S&P then we run the risk of further downgrades. This raises the prospect of further market panics and the complete wreckage of the economy.
This story has as much credibility as John Edwards' tales of marital bliss during his presidential campaign.
Phi Beta Iota: A couple of things are clear, the first being that Barack Obama is not in charge of anything, the second being that New York–Wall Street, Goldman Sachs, the Koch Brothers–is. From the Tea Party funded and manipulated by the Koch brothers, to the idiotic lack of intellent analysis from the newspapers and broadcast stage, what we have here is theater. The truth is nowhere to be found between New York and Washington.
Three Good Reasons to Liquidate Our Empire and Ten Steps to Take to Do So
1. We Can No Longer Afford Our Postwar Expansionism
2. We Are Going to Lose the War in Afghanistan and It Will Help Bankrupt Us
3. We Need to End the Secret Shame of Our Empire of Bases
. . . . . . . .
Chalmers Johnson
10 Steps Toward Liquidating the Empire (Abridged)
Dismantling the American empire would, of course, involve many steps. Here are ten key places to begin:
1. We need to put a halt to the serious environmental damage done by our bases planet-wide. We also need to stop writing SOFAs that exempt us from any responsibility for cleaning up after ourselves.
2. Liquidating the empire will end the burden of carrying our empire of bases and so of the “opportunity costs” that go with them — the things we might otherwise do with our talents and resources but can't or won't.
3. As we already know (but often forget), imperialism breeds the use of torture. Dismantling the empire would potentially mean a real end to the modern American record of using torture abroad.
4. We need to cut the ever-lengthening train of camp followers, dependents, civilian employees of the Department of Defense, and hucksters — along with their expensive medical facilities, housing requirements, swimming pools, clubs, golf courses, and so forth — that follow our military enclaves around the world.
5. We need to discredit the myth promoted by the military-industrial complex that our military establishment is valuable to us in terms of jobs, scientific research, and defense. These alleged advantages have long been discredited by serious economic research. Ending empire would make this happen.
6. As a self-respecting democratic nation, we need to stop being the world's largest exporter of arms and munitions and quit educating Third World militaries in the techniques of torture, military coups, and service as proxies for our imperialism.
7. Given the growing constraints on the federal budget, we should abolish the Reserve Officers' Training Corps and other long-standing programs that promote militarism in our schools.
8. We need to restore discipline and accountability in our armed forces by radically scaling back our reliance on civilian contractors, private military companies, and agents working for the military outside the chain of command and the Uniform Code of Military Justice. Ending empire would make this possible.
9. We need to reduce, not increase, the size of our standing army and deal much more effectively with the wounds our soldiers receive and combat stress they undergo.
10. To repeat the main message of this essay, we must give up our inappropriate reliance on military force as the chief means of attempting to achieve foreign policy objectives.
Phi Beta Iota: The second article is a stunning review of the intellectual life of Chalmers Johnson, who was among many things a net assessments analyst for Allen Dulles. He pioneered the study of “State Capitalism” and considered the US to be a greatly under-performing economy for its failure to move away from military unilateralism and toward sustainable development.
They got it wrong…. Internal Auditor recently published an article by Neil Baker “Managing the Complexity of Risk” claiming that “The ISO 31000 framework aims to provide a foundation for effective risk management within the organization.” Well….not so fast.
“Complexity” has become something of a buzz word in today’s business culture, becoming more vague and imprecise than many of us attempting to understand complexity would like. Naming something is not the same as actually knowing anything about what you just named (see my essay “The Red Wagon Principal: Knowing Is Better Than Naming”). The misappropriation of the concept is always done with the best of intentions. However, Neil was savvy enough to introduce Mandelbrot and fractal geometry into the mix doesn’t get a free pass.
The story of what might be called the ghost of chicken pox future starts with Najlaa International Catering Services (NICS), a KBR contractor, headquartered in Kuwait. NICS was solicited by KBR in the spring of 2008 to provide a Request for Proposal (RFP) for approximately 32 Dining Facilities (DFAC) at various military camps in Iraq under the Army's LOGCAP (Logistics Civil Augmentation Program) III program. NICS subsequently won the contract.
Around the end of the first week of November 2008 it was discovered that NICS's temporary tent city housing camp at Victory Base Camp had a confirmed chicken pox case and 37 employees were supposed to be quarantined. NICS disputed with GlobalMed, its KBR-approved medical service provider, that it was a chicken pox case. NICS began to release the employees from the quarantine tent and put them back to work at the DFAC's.
Phi Beta Iota: This little-noticed story is actually–in our view–a major investigative expose. At multiple levels, from irresponsible acquisition to potentially catastrophic infections of entire divisions by “friendly contractors,” this is a story that merits much more attention. It is also a story that reinforces our view that contractors have no business being employed or engaged in a combat zone.
Ohio, Pennsylvania and Florida Lead List of “Toxic 20” States with Most Toxic Air Pollution from Power Plants
Worst States: OH, PA, FL, KY, MD, IN, MI, WV, GA, NC, SC, AL, TX, VA, TN, MO, IL, WI, NH, IA
WASHINGTON (July 20, 2011) — Residents of Ohio, Pennsylvania and Florida live in states with the most toxic air pollution from coal- and oil-fired power plants, according to an analysis by the Natural Resources Defense Council.
The study used publicly-available data in the Environmental Protection Agency’s Toxics Release Inventory (TRI). The analysis, entitled “Toxic Power: How Power Plants Contaminate Our Air and States” was jointly released today by NRDC and Physicians for Social Responsibility (PSR).
Among the key findings:
Nearly half of all the toxic air pollution reported from industrial sources in the United States comes from coal- and oil-fired power plants.
Power plants are the single largest industrial source of toxic air pollution in 28 states and the District of Columbia.
Koko Observes (in American Sign Language): The above is an excellent example of isolated concern that is going nowhere–never mind the blatant corruption of Congress. If it were combined with a 360 degree toxicity survey showing food poisoning, toxic chemicals in everyday materials, and so on, this would be a great deal more useful. If all of that were integrated into a true cost global game (or in this case, national game), there would be a compellingly useful basis for public outrage one district at a time.
Influential British parenting website Mumsnet was instrumental in bringing down scandal-ridden News of the World. Bill Coles reports from London on the remarkable grassroots campaign.
Tell Your Members of Congress to Cosponsor the Shareholder Protection Act
The Shareholder Protection Act proposed by Rep. Michael Capuano (D-Mass.) would empower shareholders to vote on whether to allow corporate executives to spend corporate money on political campaigns. Shareholders — not the CEO and not the board of directors — are the real owners of any publicly traded corporation, and the decision should be theirs.
