worldmuslimpedia.com

0

The Love of the Companions for Prophet Muhammad: Who were the Companions? Muslim-Dalit Unity: Dalits need to think beyond Ambedkar Corporate-Media-Government Nexus using Intolerance to hide Corporatisation Radical West much more dangerous than Radical Islam Let’s rename Ashoka Road after V P Singh, the great champion of equality, honesty and secularism! Why Hardik Patel Has Turned On Modi Stop Female Foeticide to arrest Hindu Population Decline Isra and Miraj: The Miraculous Night Journey Terrorism, Appeasement and Loyalty: Rejoinder to Former IB Official It's High Time Muslims and Dalits united against injustice State must not organize religious festivals “Are You Hindu First or Indian First?” Corporates overrule Hindutva Government in Pornographic Row A RATIONALE APPROACH TO AFFIRM THE EXISTENCE OF GOD The end of capitalism has begun Egalitarianism and Idealism in the New Economic Order Yes to Religion, No to Communalism All forms of violence need Zero Tolerance, not just a specific kind of Terror APJ Abdul Kalam: Unparalleled Genius and Spiritual Technocrat Evidence of Muhammad's Prophethood Hang Rajiv Gandhi Killers before hanging Yakub Memon! Interest (Riba): A Blessing or Nuisance to Humanity? Phaansi ke Waaste phir kya maiN hi rah gaya huN? Spiritual and Moral System Salaah (Prayer) and its translations Guidlines Concerning Criminal Matters LAWS RELATED TO CIVIL MATTERS FUNDAMENTAL RIGHTS Fundamental Prohibitions With gay marriages legal in all states, “Sexual Revolution” is complete in America
News / Article

The Social Cost of Capitalism

Reference : Paul Craig Roberts

The Social Cost of Capitalism

Stewart is a hit man for capitalism.  His bill “is designed to prevent qualified, independent scientists from advising the Environmental Protection Agency (EPA). They will be replaced with industry affiliated choices, who may or may not have relevant scientific expertise, but whose paychecks benefit from telling the EPA what their employers want to hear.”

 

 

Few, if any, corporations absorb the full cost of their operations.  Corporations shove many of their costs onto the environment, the public sector, and distant third parties.  For example, currently 3 million gallons of toxic waste water from a Colorado mine has escaped and is working its way down two rivers into Utah and Lake Powell.  At least seven city water systems dependent on the rivers have been shut down. The waste was left by private enterprise, and the waste was accidentally released by the Environmental Protection Agency, which might be true or might be a coverup for the mine.  If the Lake Powell reservoir ends up polluted, it is likely that the cost of the mine imposed on third parties exceeds the total value of the mine’s output over its entire life.

 

Economists call these costs “external costs” or “social costs.” The mine made its profits by creating pollutants, the cost of which is born by those who had no share in the profits.

 

As this is the way regulated capitalism works, you can imagine how bad unregulated capitalism would be.  Just think about the unregulated financial system, the consequences we are still suffering with more to come.

 

Despite massive evidence to the contrary, libertarians hold tight to their romantic concept of capitalism, which, freed from government interference, serves the consumer with the best products at the lowest prices.

 

 

 


Pinterest

 Are you interested in Feature/Biography/Profile on WorldMuslimPedia under any of the Following Categories?

 

    

 

Contact worldmuslimpedia@gmail.com

 


 

Buy Book

 

If only.

Progressives have their own counterpart to the libertarians’ romanticism.  Progressives regard government as the white knight that protects the public from the greed of capitalists.

 

If only.

Everyone, and most certainly libertarians and progressives, should read Jeffrey St. Clair’s book, Born Under A Bad Sky (2008).  St. Clair is an engaging writer, and his book is rewarding on many levels.  If you have never floated the Western rivers or met the challenge of treacherous rapids or camped among mosquitoes and rattlesnakes, you can experience these facets of life vicariously with St. Clair, while simultaneously learning how corruption in the Park Service, the Forest Service and the Bureau of Land Management results in timber companies, mining companies, and cattle ranchers making money by plundering national forests and public lands.

 

 

 

 

 

The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the “banks too big to fail.”

 
 

Progressives and libertarians need to read St. Clair’s accounts of how the Forest Service creates roads into trackless forests in order to subsidize timber companies’ felling of old growth forest and habitat destruction for endangered and rare species.  Our romanticists need to learn how less valuable lands are traded for more valuable public lands in order to transfer wealth from the public to private hands.  They need to learn that allowing ranchers to utilize public lands results in habitat destruction and the destruction of stream banks and aquatic life.  They need to understand that the heads of the federal protective agencies themselves are timber, mining, and ranching operatives who work for private companies and not for the public.  Americans of all persuasions need to understand that just as senators and representatives are bought and paid for by the military/security complex, Wall Street, and the Israel Lobby,  they are owned also by mining, timber and ranching interests.

 

 

 


 
 

“Are You Hindu First or Indian First?”

I find the very question of “what you are first” absurd.

Can you ask anybody: Are you a human first or Indian first?  Are you honest first or Indian first? Or a doctor first or Indian first? Are you Delhite first or Indian first?

 

 

 

Read more

 


 

The public interest is nowhere in the picture.

The two largest reservoirs, Lake Mead and Lake Powell, are at 39% and 52% of capacity.  The massive lakes on which the Western United States is dependent are drying up. And now Lake Powell is faced with receiving 3 million gallons of waste water containing arsenic, lead, copper, aluminum and cadmium.  Wells in the flood plains of the polluted rivers are also endangered.

 

 

The pollutants, which turned the rivers orange, flowed down the Animas River from Silverton, Colorado through Durango into the San Juan River in Farmington, New Mexico, a river that flows into the Colorado River that feeds Lake Powell and Lake Mead.

All of this damage from one capitalist mine.

In November of last year, US Rep. Chris Stewart (R.Utah) got his bill passed by the House.

 

 

Stewart is a hit man for capitalism.  His bill “is designed to prevent qualified, independent scientists from advising the Environmental Protection Agency (EPA). They will be replaced with industry affiliated choices, who may or may not have relevant scientific expertise, but whose paychecks benefit from telling the EPA what their employers want to hear.”

Rep. Stewart says it is a matter of balancing scientific facts with industry interests.

And there you have it.

 

In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
 

 

More from WorldMuslimPedia

 
Biography: Living Legends Biography: Top Luminaries News/Articles

APJ Abdul Kalam: Unparalleled Genius and Spiritual Technocrat

P A Inamdar: Versatile Activist, Thinker and Planner

 

It's
High Time
Muslims
and Dalits
united
against
injustice

It's High Time Muslims and Dalits united against injustice

   Azim Premji: Sultan of Business, Hatim of Philanthropy K Rahman Khan: The Man with Comprehensive Vision, Devotion and Action What
the
Prophet
Says about
Kindness
to
AnimalsWhat the Prophet Says about Kindness to Animals 
 A.R. Rahman: the Mystical Musician Dr. Syed Zafar Mahmood: Thinker, Planner and Builder of Institutions Dr
Javed
Jamil
calls upon
Muslims to
be
proactive,
not
reactive
in their
fight for
justiceDr Javed Jamil calls upon Muslims to be proactive, not reactive in their fight for justice
 Hamid Ansari: Sophisticate, Suave and Non-controversial Asaduddin Owaisi: Outspoken Champion of the Downtrodden State
must not
organize
religious
festivalsState must not organize religious festivals
 Maulana Muhammad Salim Qasmi: Distinguished, Respected and Accomplished Theologian, Islamic Scholar and Guide Dr. Javed Jamil: Powerful Thinker, Writer and Islamic Scholar on Mission “Demolish New World Order” “Are
You Hindu
First or
Indian
First?”“Are You Hindu First or Indian First?”
 Sania Mirza: The Queen of India’s Sports World Salman Khurshid: A Rare Mosaic of Talent, Charm and Diligence Stop
The Porn!Stop The Porn!