We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Saturday, August 14, 2010

Crime Pays If You Are a Capitalist

by Ron Horn. 

In contrast to capitalists where crime often does pay, under their system work doesn't pay for many workers. This survey of homes graphically illustrates this point. First, let us visit the homes of the rich. 

Let me introduce Jamie Dimon, CEO of JPMorgan Chase. Like all the mega banks, this bank has been a key participant in the gambling of derivatives which has devastated most of the economies of the world. This bank has a long history of criminal and dubious activities, but only a year ago was caught doing the following:
JP Morgan managers in London discovered last month that client and bank money used for trading futures and options - a way of speculating on movements in currencies, share prices and commodities - had apparently been put into a single pool.
They raised the alarm and notified the FSA [Financial Securities Agency]. The scale of case is unprecedented, say City [London]
View slides of his home.

And how about the famous hedge fund manager John Paulson who just bought himself a new mansion in Aspen.

Visit the home of Kenneth Starr who has gained a reputation as a swindler.

Look at many other homes of the rich who accumulated their riches on the backs of working people.

Then look at the homes of working people who can't find work anymore. These are the luckier ones--many simply live in their cars, in alleyways, bushes, under bridges, etc.