Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Sunday, June 9, 2019

Sunday Sermon:
Wealth is correlated with greed, dishonesty and cheating -- are these effects or a causes?

from Boing Boing:

There's a wealth of psychological research that correlates wealthy people in the real world with negative traits like rudeness (people driving fancier cars are less considerate of pedestrians and their likelihood of cutting off another driver is correlated to the cost of the driver's car); greed (rich people take more candies out of dishes set aside for kids than poor people); generalized unethical behavior; cheating at games of chance; and overall stinginess.

One possible explanation for all this is that getting rich is easier if you're dishonest, lack empathy, and cheat whenever you think you can get away with it.

But consider that in a rigged Monopoly game, players who won due to an obviously unfair advantage (being given twice as much starting money and twice as many dice-rolls) acted like dicks throughout the whole game, and then boasted about their "brilliant tactics, their finesse at the game of monopoly and their daring moves."

So maybe the causation goes the other way: maybe getting rich is mostly a matter of dumb luck, which we justify for ourselves by convincing ourselves of our superiority, which leads to us treating others as inferiors.
But why are they more likely to cheat, lie and to cut off pedestrians? And why are they less likely to give to charity?

It may be in part because they are cut off from the reality of poverty – living in an upper-class bubble. But primarily the researchers found that greed is actually viewed more favourably in upper-class communities.

“We reason that increased resources and independence from others cause people to prioritise self-interest over others’ welfare and perceive greed as positive and beneficial, which in turn gives rise to increased unethical behaviour,” the researchers concluded.
Opinion: Why do rich people lie, cheat and steal more than those on low incomes? [Diarmuid Pepper/The Journal]

(via Naked Capitalism)



Sunday, November 25, 2018

SUNDAY SERMON:
Pope condemns the "wealthy few" who hoard the riches that "belongs to all"

from Boing Boing:


Pope Francis continues his streak of fighting for economic justice (though he's an unrepentant monster on abortion, women's rights, and the rights of queer people).

His sermon last Sunday lamented the plight of exploited people, indigent people and migrants, blaming "the wealthy few" for hoarding the riches that "in justice, belongs to all."

The sermon was delivered to 6,000 invited poor people, 1,500 of whom were fed afterwards at a Vatican lunch; it's part of the Pope's anti-poverty initiative in Vatican City, which includes free healthcare provided to homeless and poor people in St Peter's Square.
He also drew attention to the plight of abandoned elderly, the friendless and “the cry of all those forced to flee their homes and native land for an uncertain future. It is the cry of entire peoples, deprived even of the great natural resources at their disposal.”

Francis said the poor were weeping “while the wealthy few feast on what, in justice, belongs to all. Injustice is the perverse root of poverty.”

“The cry of the poor daily becomes stronger but every day heard less,” he said. That cry is “drowned out by the din on the rich few, who grow ever fewer and more rich,” the pontiff said.
Pope decries that ‘wealthy few’ feast on what belongs to all [Frances D'Emilio/AP]



Wednesday, August 22, 2018

SHITHOLE PRESIDENCY




If Trump tries to pardon his way out of trouble,
it will make things worse for him


from Boing Boing:
There's a rumor that Trump will pardon Paul Manafort tonight at one of his sweaty rallies. If he does, it could come back to haunt him. Vox interviewed 10 legal experts who are largely in agreement that pardoning Manafort would actually help prosecutors nail him to the wall that much faster.

A few highlights from the article:

"If the president issues a pardon in order to influence a witness and impede the investigation, that would also be a further act of obstruction." -- Lisa Kern Griffin, law professor, Duke University

“If the president pardons anyone involved in the Russian investigation, it may prove to be one of the stupidest things he has yet done.” —Julie O’Sullivan, Georgetown University

“The threat of state prosecution is enough to force Kushner, Flynn, Manafort, etc. to become cooperating witnesses, regardless of whether Trump secretly promises to pardon them.” —Jed Shugerman, Fordham University

If President Trump pardons subjects of Mueller's investigation, they will be unable to claim their Fifth Amendment rights if they are asked to testify under oath. -- Asha Rangappa, associate dean, Yale Law School

With each abnormal, unbecoming, or dishonorable act, President Trump makes it harder for his appointees to defend him, harder for traditional Republicans to maintain their uneasy power alliance with him, and easier for Democrats to take the moral high ground and secure political advantage. President Trump is in danger of snuffing out his candle in the first year of his presidency. -- Andy Wright, law professor, Savannah Law School

Monday, January 25, 2016

"School of Life" Monday's Watch and Listen This Week:
AGAINST PHILANTHROPY


The best way to do good in the world is not to be a philanthropist. It’s to be a good capitalist. The need to 'give back' is generally chiefly a sign that people took too much to begin with
.

Friday, January 15, 2016

From now on lets just call him what he is: DUMP




Snatch and share, spread the word.

This shit is the worst of our country, not the best, a shiny, smelly, disgusting version, a horror ...

From now on donald trump is shortened to DUMP - #DUMP is the name for the piece of shit running for office #meme #permanentMeme he is a Dump lets make that clear and let the world know that's how the majority of americans feel about him (and really all the republicans for that matter, but we'll concentrate on this πŸ’© for now).

PEACE ✌πŸΎπŸ‘ŠπŸΎ πŸ‘πŸ½

GEF



#FeelTheBern

Sunday, October 11, 2015

Congress to Eliminate Billions in Wall Street Subsidies to Fund Repair of Nation’s Highways

from U.S. Uncut
Both parties of Congress are in agreement on diverting billions in Wall Street subsidies to rebuild America’s crumbling infrastructure. If you’re by a window, look outside for flying pigs.

Currently, the Federal Reserve pays out a 6 percent annual dividend to roughly 2,900 banks — JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo net approximately $350 million apiece each year from the dividend. These banks own stock in the Federal Reserve as a means of becoming members of regional Fed branches around the country, and unlike other stocks, the big banks are guaranteed to never lose money on their investment in the Fed. For years, the Congressional Progressive Caucus has proposed reducing that dividend to 3 percent in order to pay for repairing American infrastructure. After lying dormant for over a year, it appears that idea has now caught on with Republicans as well.

According to Bloomberg, Senate majority leader Mitch McConnell (R-Ky.) recently told a group of Wall Street executives at a Financial Services Roundtable event that he wouldn’t use his power to remove a new rule that allots funding for federal highways by reducing that dividend to 1.5 percent. The House is now weighing whether or not to back the dividend reduction before highway funding runs out at the end of October. Should the proposal go through, America’s highways would benefit from an additional $17 billion in repairs over the next ten years.

Now, Wall Street is in panic mode.

“The idea that going forward that we are going to pay for our nation’s infrastructure on the backs of one industry sector is a really flawed public policy,” said American Bankers Association president Rob Nichols.

While Fed chair Janet Yellen has taken the banks side, saying she believes the policy “could conceivably have unintended consequences,” Washington prognosticators believe the banks will ultimately have to sacrifice their Fed dividend, and possibly more federal handouts further down the road.

“The industry is in a very dangerous spot because it is a pot of gold,” Karen Shaw Petrou, managing partner of Federal Financial Analytics, told Bloomberg. “With the general political climate I don’t know a lot of people on Capitol Hill that like banks.”

The proposal is likely to pass, as past Republican proposals to fund infrastructure repair included a tax repatriation holiday — allowing corporations to bring back some of the $2.1 trillion stashed in overseas tax havens back to the U.S. at a 5 percent rate rather than a 35 percent rate — something President Obama has promised to veto in the past. As I previously wrote in The Guardian, the only result that came out of past attempts at repatriation was mass layoffs of workers, while corporations used the repatriated cash to buy back their own stock, driving up the value of the options owned by executives.

Bad of an idea as it is, repatriation still attracted the support of Wall street-backed Democrats like Chuck Schumer, and corporations have lobbied Rep. Paul Ryan (R-Wisc.), the House Ways and Means chairman, to include repatriation in a tax reform package. However, lawmakers predicting an Obama veto are rejecting the idea of repatriation for now and are gravitating toward a solution for America’s highways they know Obama will sign by the end of the month.

The dividend cut has already been included in the Senate’s compromise bill, which will fund highways over the next 3 years. That bill passed by an almost two-thirds margin in July.

Friday, September 21, 2012

15 of the Deadliest Corporations

from brainz.org


These corporations, if they were individual human beings, would be locked up for life. Instead, they continue raking in the big bucks. Human rights abuses, murder, war, eco disasters, and animal exploitation keep these evil companies raking in the green. Prepare to be disgusted.
 

Chevron




Several big oil companies make this list, but Chevron deserves a special place in Hell. Between 1972 to 1993, Chevron (then Texaco) discharged 18 billion gallons of toxic water into the rain forests of Ecuador without any remediation, destroying the livelihoods of local farmers and sickening indigenous populations. Chevron has also done plenty of polluting right here in the U.S.: In 1998, Richmond, California sued Chevron for illegally bypassing waste water treatments and contaminating local water supplies, ditto in New Hampshire in 2003. Chevron was responsible for the death of several Nigerians who protested the company's polluting, exploiting presence in the Nigerian Delta. Chevron paid the local militia, known for its human rights abuses, to squash the protests, and even supplied them with choppers and boats. The military opened fire on the protesters, then burned their villages to the ground.

DeBeers




Diamonds are a girl's best friend -- unless she lives in the Ivory Coast.  "Blood" or "conflict" diamonds are the name given to minerals purchased from insurgencies in war-torn countries.  Prior to 2000 when the U.N. finally took a stand against the practice, DeBeers was knowingly funding violent guerrilla movements in Angola, Sierra Nevada, and the Congo with its diamond purchases. In Botswana, DeBeers has been blamed for the "clearing" of land to be mined for diamonds -- including the forcible removal of indigenous peoples who had lived there for thousands of years. The government allegedly cut off the tribe's water supplies, threatened, tortured and even hanged resisters.

Tyson



Even if you don't care about the horrendous animal abuse that has been documented in Tyson's factory farms, you have to flinch at Tyson's appalling environmental abuses and workers' rights violations, as well as the fact that on several occasions, Tyson has allowed e coli tainted beef to enter the food supply. A recent study showed that Tyson's chickens were the most salmonella-and-campylobactor filled poultry of all the major suppliers. As if that wasn't gross enough, Tyson has been sued repeatedly for illegally dumping untreated wastewater into Tulsa's water supply; after they were sued the first time, they simply paid the fine and continued the practice. Tyson has made people seriously ill with the ammonia from their factory farms. Tyson is infamous for knowingly hiring illegal immigrants and has even been accused of human trafficking to supply themselves with cheap labor.

Smith and Wesson




As the largest manufacturer of handguns (and sub machine guns) in the U.S., Smith and Wesson is indirectly responsible for uncountable shooting deaths -- not just by the police and government agencies to which these guns are issued, but by criminals and by "accident." In a study of the top ten guns involved in crime in the U.S., the first was the Smith & Wesson .38 Special.  Numbers 6 and 7 were also Smith and Wessons. Statistically, studies have shown that guns are used more often in crime than in self-defense. Of course, "Guns don't kill people. People kill people." And frequently, they use Smith and Wesson guns to do so.   

Phillip Morris




Phillip Morris is the largest manufacturer of cigarettes in the U.S. Cigarettes are known to cause cancer in smokers, as well as birth defects in unborn children if the mother smokes while pregnant. Cigarette smoke contains 43 known carcinogens and over 4,000 chemicals, including carbon monoxide, formaldehyde, hydrogen cyanide, nicotine, ammonia and arsenic. Nicotine, the primary psychoactive chemical in tobacco, has been shown to be psychologically addictive. Smoking raises blood pressure, affects the central nervous system, and constricts the blood vessels. Discarded cigarette butts are a major pollutant as smokers routinely toss their slow-to-degrade filters on the ground. Many of these filters make their way into salt or fresh water bodies, where their chemicals leech out into the water. Then again, cigarettes make you look cool.

Haliburton




Any corporation that has Dick Cheney as a CEO has got to be evil. Haliburton, a huge "oilfield services" company, profited big time from the U.S.'s invasion of Iraq when Cheney called in his boys to quell burning oil wells -- and to "help" the Iraq oil ministry pump and distribute oil. Haliburton has also been implicated in countless oil spills, including the BP disaster of 2010.   

Coca Cola




America's favorite soft drink, deadly? Well, even if you choose to overlook the childhood obesity epidemic and how soft drinks market to children to get them to buy something really, really bad for them, Coca Cola corporation has wrought devastation in India, where its factories use up to one million liters of water per day, leaving tens of thousands of nearby residents dry during the drought months. Then the factories dispose of the wastewater improperly, contaminating whatever water is left.  A lawsuit in 2001 accused Coca Cola of hiring paramilitaries in Columbia which suppressed unionization in the cola plant there through intimidation, torture and murder.

Pfizer




Big Pharma gets rich when you get sick. Pfizer, the largest pharmaceutical corporation in the U.S., pleaded guilty in 2009 to the largest health care fraud in U.S. history, receiving the largest criminal penalty ever for illegally marketing four of its drugs. It was Pfizer's fourth such case. As if Pfizer's massive use of animal experimentation wasn't heart wrenching enough, Pfizer decided to use Nigerian children as guinea pigs. In 1996, Pfizer traveled to Kano, Nigeria to try out an experimental antibiotic on third-world diseases such as measles, cholera, and bacterial meningitis. They gave trovafloxacin to approximately 200 children. Dozens of them died in the experiment, while many others developed mental and physical deformities. According to the EPA, Pfizer can also proudly claim to be among the top ten companies in America causing the most air pollution.

ExxonMobil




Another oil company that makes the list, ExxonMobil is perhaps best known for the 1989 Exxon Valdez oil spill which resulted in 11 million gallons of oil contaminating Prince William Sound. But they have also been responsible for a huge oil spill in Brooklyn and for aiding in the decline of Russia's critically endangered grey whale because of drilling in its habitat. The Political Economy Research Institute ranks ExxonMobil sixth among corporations emitting airborne pollutants in the United States. ExxonMobil counters not by cleaning up its act, but by funding scientific studies  which refute global warming. ExxonMobil was targeted by human rights activists in 2001 when a lawsuit alleged that ExxonMobil hired Indonesian military who raped, tortured and murdered while serving as security at their plant in Aceh.

Caterpillar Company




Caterpillar sells all kind of tractors, trucks and machinery -- including many of the vehicles, ships and submarines used by the U.S. military. Caterpillar also supplies the Israeli army with bulldozers which are used to demolish Palestinian homes -- sometimes with the people still inside. In 2003 aCaterpillar bulldozer ran over and killed Rachel Corrie, an American protesting in Gaza who stood in front of the tractor to prevent the destruction of a Palestinian home.

Ringling Brothers and Barnum and Bailey




"The Cruelest Show on Earth" is famous for its abuse of wild animals. In July 2004, Clyde, a young lion traveling with Ringling, died in a poorly ventilated boxcar while the circus crossed the Mojave Desert in temperatures exceeding 100 degrees Fahrenheit. Circus elephants are routinely confined for days at a time and beaten with bullhooks and electric prods, and when they've had enough, they lash out. In one famous case in 1994, an elephant named Tyke killed her trainer and injured 12 spectators before being gunned down on the streets of Honolulu.  Ringling Brothers and Barnum and Baily Circus also has an impressive dead human headcount because of a fire under the big top in 1944 which killed a hundred spectators -- the canvas was illegally non-flame-retardant.

Monsanto




Big Agra makes the list with Monsanto, pushers of genetically modified foods, bovine growth hormones, and poison. Monsanto's list of evils includes creating the "terminator" seed which creates plants which never fruit or flower so that farmers must purchase them anew yearly, lobbying to have "hormone-free" labels removed from the labels of milk and infant milk replacer (through bovine growth hormone is believed to be a cancer-accelerator) as well as a wide range of environmental and human health violations associated with use of Monsanto's poisons -- most notably "Agent Orange." Between 1965 and 1972, Monsanto illegally dumped thousands of tons of highly toxic waste in UK landfills. According to the Environment Agency the chemicals were polluting groundwater and air 30 years after they were dumped.  Alabama sued Monsanto for 40 years of dumping mercury and PCB into local creeks. Plus, Monsanto is infamous for sticking it to the very farmers it claims to be helping, such as when it sued and jailed a farmer for saving seed from one season's crop to plant the next.

Nestle




Sticky-sweet image aside, Nestle's crimes against man and nature include massive deforestation in Borneo -- the habitat of the critically endangered orangutan -- to grow palm oil, and buying milk from farms illegally-seized by a despot in Zimbabwe. Nestle drew fire from environmentalists for its ridiculous claims that bottled water is "eco-friendly" when the exact opposite is true. Nestle attracted worldwide boycott efforts for urging mothers in third-world countries to use their infant milk replacer instead of breastfeeding, without warning them of the possible negative effects. Supposedly, Nestle hired women to dress as nurses to hand out free infant formula, which was frequently mixed with contaminated water, or the children starved when the formula ran out and their mothers could not afford more and their breast milk had already dried up from disuse. Nestle, of course, denies contributing to the death of thousands of infants.     

British Petroleum




Who can forget 2010's oil rig explosion in the Gulf Coast which killed 11 workers and thousands of birds, sea turtles, dolphins and other animals, effectively destroying the fishing and tourism industry in the region? This was not BP's first crime against nature. In fact, between January 1997 and March 1998, BP was responsible for a whopping 104 oil spills. Thirteen rig workers will killed in 1965 during one explosion; 15 in a 2005 explosion. Also in 2005, a BP ferry carrying oil workers crashed, killing 16.  In 1991, the EPA cited BP as the most polluting company in the U.S..  In 1999, BP was charged with illegal toxic dumping in Alaska, then in 2010 for leaking highly dangerous poisons into the air in Texas. In July 2006, Colombian farmers won a settlement from BP after they accused the company of benefiting from a regime of terror carried out by Colombian government paramilitaries protecting the Ocensa pipeline. Clearly, there is no way BP will ever "make it right." 

Dyncorp




This privatized military company is often hired by the U.S. government to protect American interests overseas -- and so the government can claim no responsibility for Dyncorp's actions.  Dyncorp is best known for its brutality in impoverished countries, for trafficking in child sex slaves,for slaughtering civilians in Iraq and Afghanistan, and for training rebels in Haiti. Among some stiff competition, mercenary Dyncorp may be the deadliest and most evil corporation in the United States.

Friday, September 7, 2012

Destroying Precious Land to Drill for Gas: Sean Lennon, anti-fracking activist

I saw an incredible documentary "Gasland" on "fracking" over a year or two ago, it's obvious this is a horrible practice to ANYONE with half a brain.

from bOINGbOING:

.

In the New York Times, an eloquent op-ed by Sean Lennon that serves as a manifesto of sorts for Artists Against Fracking, an organization started with his mother, Yoko Ono. Snip:

Natural gas has been sold as clean energy. But when the gas comes from fracturing bedrock with about five million gallons of toxic water per well, the word “clean” takes on a disturbingly Orwellian tone. Don’t be fooled. Fracking for shale gas is in truth dirty energy. It inevitably leaks toxic chemicals into the air and water. Industry studies show that 5 percent of wells can leak immediately, and 60 percent over 30 years. There is no such thing as pipes and concrete that won’t eventually break down. It releases a cocktail of chemicals from a menu of more than 600 toxic substances, climate-changing methane, radium and, of course, uranium.

Video above: THE SKY IS PINK by Josh Fox and the GASLAND Team.

  • Fracking and earthquakes: The real risk is injecting liquid ...

  • Life in a fracking boomtown: man-camps, meth labs, strippers, and ...

  • Fracking earthquakes

  • EPA to fracking-polluted village: here's some clean water! 24 hours ...

  • The Fracking Song: "My Water's On Fire Tonight"

  • Woman lights fracking-polluted tap water on fire
  • Saturday, April 28, 2012

    American Obscenity: Corporate CEOs make 380x the wage of the average American worker!

    from Richard Metzger at DangerousMinds

    image

    The AFL-CIO ‘s Executive Paywatch website has been updated with 2011 data and easy to digest graphics that you can share easily with others.  One stand-out fact: The average CEO of an S&P 500 Index company earned a staggering 380 times the average American worker’s wage. Those same CEOs saw their compensation packages increase 13.9% in 2011.

    By comparison, as you can see above, the average corporate CEO made “just” 42 times what American workers made during the “golden years” of the Reagan administration.

    Don’t get me wrong, I’m sure these corporate CEOs, these god-men, are worth every penny they make, but this is getting to be rather untenable, don’t you think? Keep in mind that many (most) of these guys are paid in stock options that are only subject to a 15% capital gains tax when they cash out!

    Via Daily Kos Labor:

    The highest-paid CEO in the country was Apple’s Timothy Cook, whose total compensation was nearly $378 million. That’s more than 11,000 times the average worker’s income of $34,053. The 100th highest-paid CEO, Heinz’s W.R. Johnson, had total compensation of more than $18 million, 543 times the average worker’s income.

    What we can’t know is how much CEOs make compared with the workers in their own companies; however, that’s something the Dodd-Frank Wall Street reform bill will soon require companies to disclose. And it turns out it might well be good for companies if transparency pushed them to bring CEO pay a little more in line with average worker pay.

    The cream always rises to the top, right? It might be time to update that saying, but not with metaphorical crème fraiche, more like royal jelly made by the rank and file worker bees who then have the privilege of watching a Mr. Creosote-sized queen bee ravenously devour the fruits of their labor!

    It’s always fun to use Huey Long’s famous barbecue example from his Depression-era “Share the Wealth” speech in a situation like this:

    Imagine that Timothy Cook was seated at one banquet table, teaming with gourmet food. A feast that would cause Caligula to blush, obviously, and one that would represent his executive pay relative to the 11,000 other people (not Apple’s mistreated Chinese factory workers who make $450 a MONTH, but average Americans making $34k a year) seated beside him at a table that is exactly the same size, but, with, relatively speaking, more meagre portions of food compared to the gentleman from Cupertino.

    To be clear, I don’t have anything against Apple’s CEO, but for fuck’s sake, in the abstract, does Timothy Cook himself not see something inherently obscene about the shitty working conditions in their Chinese factories and ONE guy at the top making nearly half a billion a year? Apple Inc. has the highest value of any corporation in the history of man, but the people who are actually making the products receive a pittance for renting their lives out 12 hours a day, seven days a week while he has a take-home pay packet like that?

    It goes to show, AGAIN, how absolutely correct Karl Marx was. That $400 million isn’t getting re-invested back into the factories and improving conditions for the workers in any way. It’s going to ONE GUY. ONE GUY!

    Imagine how many AMERICAN JOBS Apple Inc. could afford to create—they could open computer factories with great paying jobs all across America—if the fellow at the top of the food chain there was making, oh, say only $10 million a year and the rest of it “trickled down”?

    Who reading this would pity him?

    The reason the rank and file workers in this country are taking home so little is because the CEOs and the stockholders are taking so much! DUH. The system is rigged. It’s not that fucking difficult to understand!

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