Surviving Capitalism (Not) : How Goldman Gambled on Starvation

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

Friday, July 2, 2010

How Goldman Gambled on Starvation

from The Independent.

This article provides a very good explanation of how the capitalist ruling class has devised exotic Wall Street gambling products that has resulted in people starving to death. Of course, the system is designed to make a few people rich and doesn't care how it does it.

This is the story of how some of the richest people in the world – Goldman, Deutsche Bank, the traders at Merrill Lynch, and more – have caused the starvation of some of the poorest people in the world.