Category Archives: Greed

Remembering The Greatest Economic Crash In History.

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Looking back at the market crash of 2008, it’s difficult to believe that it represented a greater loss of stock and home equity than any previous crash in American history. Though we may be impatient for a full recovery of jobs and middle class incomes, we should take a few moments to recognize that the quick action by Congress and the Federal Reserve did, in fact, work. The same can be said for President Obama’s automotive bailouts and economic stimulus which were opposed and derided by Teapublicans.

So you have not yet been able to find the job you want? Or you feel that you are being undervalued and underpaid? Your frustration is understandable. But, when compared to the aftermath of lesser crashes, it could have been a whole lot worse. We were not relegated to soup lines and work camps as our parents and grandparents were following the stock market crash of 1929. But had President Obama not ignored the Teapublicans’ call for austerity measures, we well might have been.

To fully appreciate what I mean, you need to look at the extent of the losses in 2008.

The Dow Jones Industrials lost 778 points in one day – the greatest single day loss in history. It’s estimated that the market crash resulted in a $1.2 trillion loss of market equity. Looking at it another way, the Dow lost 33.8 percent for the full year – surpassed only by the bear markets of 1907 and 1931. Further, GDP contracted for more than a year. Unemployment rose from 5 percent to 10 percent before it began to drop. According to Zillow.com, $3.3 trillion in home equity was stripped from homeowners in 2008 as home values fell by 30 percent. Income levels fell, causing the net worth of households and non-profit organizations to fall by roughly $15 trillion. And the impact of the crash on retirement funds is virtually immeasurable. Indeed, those who were nearing retirement may never fully recover the money lost in their IRAs, 401ks and their defined benefit pension funds.

Despite all of that, our economy recovered remarkably quickly. If you don’t believe me, just look at the economies of many other advanced nations that are struggling with stagnation who mistakenly followed the advice of conservatives. By contrast, the GDP of the US is growing, our deficits have fallen at a dramatic rate and our national debt is now less than 3 percent of our GDP – and it would be much lower if Teapublicans hadn’t fought to give more tax breaks to corporations and the one percent. Certainly, income inequality is skyrocketing, but it was expanding long before the crash as a result of the Bush tax cuts. Yet rather than do something to address the issue, the GOP-led Congress has, instead, voted to eliminate estate taxes for the wealthiest 5,000 families in America!

Remember that the next time you hear someone claim that the GOP is the party of fiscal responsibility. It was GOP policies that led to the Great Recession. And, once again, it was Democratic leadership that led us out of it.

The Ongoing Bloodless Coup.

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Prior to the Great Depression, the world’s financial institutions and industrialists had most everything going their way. Still living in the gilded age, they had been able to stave off labor unions by exercising all of the power their money could muster. But when the stock market crashed and Herbert Hoover failed to right the ship of state, things changed. Franklin Delano Roosevelt and Vice President Henry Wallace, led a new movement intended to help the common men and women who were out of work and out of money. This didn’t sit well with the wealthy financiers on Wall Street who had visions of turning America into a fascist government based on those of Germany and Italy.

Even before FDR’s inauguration, they struck.

Though ties to the nation’s elite were never proven, it seems clear that they had hired a lone assassin to shoot the president-elect at a public speech. But, thanks to a woman in the crowd who spoiled the shooter’s aim, FDR escaped unharmed as the bullets struck five members of his party, eventually leading to the death of the mayor of Chicago.

Then, when FDR abandoned the gold standard at the behest of manufacturers whose foreign customers could no longer afford their products, Wall Street went nuts. They believed their wealth and investments would be devalued. Almost immediately, they began seeking new ways to remove FDR from office, eventually settling on the so-called “Business Plot” involving an army of 500,000 veterans under their employ. The army was recruited from the right-wing American Legion that had already been used to beat back (quite literally) the labor union movement. The plan was for Wall Street’s army to march to the White House where it would capture FDR and replace the democratically-elected government with a business-friendly government that would mirror Mussolini’s fascist government of Italy.

Seriously!

The fact that Henry Ford and Charles Lindbergh were Nazi sympathizers has been long established. But they represented just the tip of the iceberg. Other fascist supporters included the leader of the American Legion and many of J.P. Morgan’s allies, including Prescott Bush (father of George H.W. Bush and grandfather of George W. Bush and Jeb Bush), George Herbert Walker (Prescott Bush’s father-in-law), Irenee du Pont, and many others. And, though Bush and Walker escaped the embarrassment of an investigation and trial, it seems clear that they helped finance the Axis war machine even after the US declared war following Pearl Harbor.

As outrageous as it may seem, the Business Plot likely would have succeeded had the plotters not sought the help of Major General Smedley Butler. A lifelong Republican and loyal patriot, Butler played along with the plotters only long enough to take names before exposing the plot. Of course, many later dismissed the plot as a hoax, but the fact remains that the final report from a congressional committee stated: “There is no question that these attempts were discussed, were planned, and might have been placed in execution when and if the financial backers deemed it expedient.” Further, the report stated that “the committee was able to verify all the pertinent statements made by General Butler, with the exception of the direct statement suggesting the creation of the organization.” However, that statement was later corroborated in written correspondence from one of the plot’s leaders, Gerald C. MacGuire.

Yet, even though the plot was acknowledged to be a real threat, congressional hearings on the matter refused to release the names of the conspirators revealed by Butler, and Congress dragged out the proceedings long enough to allow Wall Street’s propaganda machine to gloss over the coup attempt.

Although details and the names of those behind the coup attempt were eventually exposed, and FDR was re-elected two times, it appears that the idea of a hostile takeover of our government never faded from the minds of some of America’s wealthiest families. But, instead of relying on an army of veterans to help them pursue their goals, it seems that the fascists have chosen, instead, to rely on something more familiar and trustworthy…money.

I’m referring, of course, to the global industrialists who profited from the Nixon administration, the large manufacturers who were able to beat back labor unions with help from the Reagan administration, and the interests of Big Oil, military contractors and private equity firms that profited handsomely during the Bush/Cheney administration. Of course, these big money interests had a setback in 2008 and 2012 when President Obama defeated their preferred candidates. But they most certainly haven’t given up.

They not only have a sympathetic majority of the Supreme Court, which ruled that money equals free speech, that corporations have the rights of individuals and that there should be no limits on political donations. They have control of the American propaganda machine, otherwise known as mass media. And thanks to the billions in dark money laundered through a complex network of non-profit “education” organizations, they have retaken control of Congress where Teapublicans are gleefully working to pay back their masters by attempting to deregulate Wall Street, defund the Consumer Financial Protection Agency, gut the Environmental Protection Agency and nullify the Dept. of Labor. They even want to eliminate the Dept. of Education (likely on the premise that an educated and informed citizenry is a threat to their rule).

There’s an old adage that tells us the best way to uncover corruption is to follow the money. That’s especially true when it comes to politics.

For more information about the Business Plot, check out the link to a segment on National Public Radio.

United Corporations Of America.

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Now that Congress has been bought by large corporate interests and billionaires, you can clearly see the GOP agenda intended to pay back campaign donors.

Some of the very first bills brought forward by the GOP include a bill demanding that President Obama and the State Department approve the Keystone XL pipeline. The stated goal is to “create jobs.” But given the fact that the pipeline would only create 35-50 permanent jobs (aside from the temporary jobs needed to build it and those who would be needed to try to clean up the toxic leaks), it’s really a blatant payback to the Koch brothers for supporting GOP candidates.

Of course, we’ve seen yet another Repeal Obamacare bill intended to throw red meat to the right wing base.

The GOP-led Congress has also passed bills intended to, once again, deregulate Wall Street and to eliminate the Consumer Protection Agency. Of course, this is a nod to the GOP’s big Wall Street donors and right wing billionaires. If signed into law, the result would be to unshackle too-big-to-fail banks and investment funds to fleece ordinary investors of their IRAs, 401ks and pension funds.

We’ve seen attempts to withhold funds from the Environmental Protection Agency. This, of course, is another bill to pay back the Koch brothers and large corporations, freeing them to extract resources without regard to the environment. And once the resources have been harvested, the public will be left to clean up the corporate mess.

And let’s not forget the other kind of GOP payback to which we have become so accustomed. The GOP is blocking confirmation of Loretta Lynch as Attorney General in an attempt to force Democrats to sign a well-intentioned human trafficking bill that has been amended to further restrict a woman’s right to a safe and legal abortion. This is the same kind of nonsense we’ve seen since President Obama took office in 2009…a period that has thus far seen the GOP block dozens of cabinet and judicial nominees along with 375 bills, including 7 jobs bills and 2 bills for veterans’ benefits. (Indeed, half of the filibusters in US history have come during the Obama administration.)

Yet, instead of replacing the bums with people who might actually represent their constituents, a low voter turnout resulted in the GOPstoppers picking up control of the Senate!

And lest you think that this generation of GOP politicians is particularly disgusting, remember that others in the GOP have done worse. For example, Richard Nixon resorted to treason by undermining President Johnson’s peace talks with the Vietnamese in order to win a close election with Hubert Humphrey. Ronald Reagan intentionally aligned himself with racist Southern Christians (the KKK has long been associated with Christian believers) to defeat Jimmy Carter. And George W. Bush relied on his brother to suppress thousands of votes in Florida in order to steal the presidency from Al Gore.

Although GOP cheating was less obvious in 2004, there is considerable evidence of widespread voter fraud in Ohio, the state that allowed Bush to defeat John Kerry.

More recently, Teapublicans have gerrymandered congressional districts to make it impossible for Democrats to win. They have passed restrictive voter ID laws to prevent minorities, the poor and the elderly from voting. They have cut early voting hours and the number of polls in Democratic-leaning areas to make voting more difficult. They have skirted, or outright ignored, campaign finance laws that forbid cooperation between campaigns and PACs or so-called “education” groups. And their hand-picked conservative Supreme Court Justices have acted to strike down decades of precedent in order to open the floodgates of corporate and special interest money in support of GOP candidates. In doing so, two of those “justices” (Thomas and Scalia) refused to recuse themselves from the cases despite the fact that they personally stood to benefit from their own decision – a breach of ethics that would not be tolerated at any other level of the justice system.

As a result, things are only going to get worse.

Is It Time To Break The “Unbreakable Bond?”

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Following the results of the Israeli elections in which the Likud party led by Benjamin Netanyahu won the most seats in the Knesset, it’s time for the United States to make some difficult decisions. In order to push his party over the top, Netanyahu made a last minute statement that he would never agree to a Palestinian state or a divided Jerusalem. In addition, he created fear among Israeli Jews by saying that the opposition party was busing Israeli Arabs to the polls in droves.

That may have worked for Netanyahu in the short term. But it has most certainly created a long-term problem for all of the Middle East, including Israel, and, by extension, the United States. By dismissing the possibility of a Palestinian state, Netanyahu has dashed the hopes of self-determination for millions of Palestinian people – most of whom are refugees pushed off of their land in Israel. Further, Netanyahu has widened the rift between Israeli Arabs and Israeli Jews by pitting them against each other in the election.

What does all of this mean?

It means that Palestinians no longer have a reason to negotiate peace with Israel. It means that Palestine’s only peaceful option is to pursue state recognition from the world community through the United Nations. It means that the United States will be placed in the awkward position of either continuing its unwavering support of Israel by using its power as a member of the UN Security Council to deny Palestinian statehood or standing up for one of its core beliefs – the right to self-determination. It means that Netanyahu has, in all likelihood, inflamed tensions with Israel’s neighbors, especially Iran. It means that Netanyahu will continue to lead Israel and the United States to the brink of a widespread regional war.

The only apparent way out of Netanyahu’s path toward war is for the US to finally break our so-called “Unbreakable Bond” with Israel.

The voters of Israel have clearly shown that they have prioritized greed and hatred over peace. They have shown that they would rather continue to bully their neighbors and, if possible, the United States (How else could you describe Netanyahu’s speech before Congress?) than give back the land they stole from Palestinians. And they seem to expect the US to back their hard line positions with American treasure and blood.

It’s time for US taxpayers to ask some difficult questions. We should start by asking, what do we get for our approximately $20 billion per year in foreign aid to Israel? We should ask, who is driving US policy in the Middle East? The US government? Or Israelis?

Based on recent decisions by the GOP-led Congress, it’s difficult to tell.

The Reality Of Tar Sands Oil.

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It’s telling that, among the priorities of the new Teapublican-controlled Congress, several bills came to the forefront. In addition to further attempts to repeal Obamacare, Teapublicans prioritized the Keystone XL pipeline and reduced funding for the Environmental Protection Agency. And who would this legislation benefit? Certainly not the general public. The primary beneficiaries are the Koch brothers whose companies would be able to refine even more of Canadian tar sands oil without interference from those burdensome government regulations.

Perhaps it’s mere coincidence that the Koch brothers and their ideological friends contributed millions to Teapublican congressional and senate campaigns, laundering the money through a complicated network of non-profits in order to disguise the original donors.

The Kochs and their Teapbulican friends would have you believe that the Keystone XL pipeline is a job creator – one that would create thousands of jobs in the US – when, in fact, studies have shown that it would create only a few thousand temporary jobs and fewer than 500 permanent jobs. What they don’t talk about is the fact that, in order to build the pipeline for its Canadian owners, the government would have to use eminent domain to take private land from ordinary Americans who would see no real benefit from the pipeline. Moreover, the pipeline would cross Native American reservations – so-called independent nations – who oppose the pipeline. It would also cross the nation’s largest, and most important, aquifer.

Even more disturbing is the fact that no one yet knows how to clean up the highly toxic tar sands oil after the inevitable pipeline breaks. We have already seen such spills in Michigan and Arkansas and, after months of trying to clean up the spills, the states’ only “remedy” was to allow the oil to sink to the bottom of the waterways where it will take many generations to disintegrate on its own.

And since Koch facilities near Chicago and Detroit have already been refining this gooey muck, we already know the consequences. A by-product of refining tar sands oil is a fine, black powder known as petcoke – sort of a poor man’s coal. Not knowing what to do with the petcoke, and not wanting to dispose of it in an environmentally-safe way, the Koch refineries have created piles of the stuff. Uncovered and exposed to the elements, it is picked up by the slightest breeze and deposited on surrounding neighborhoods where it covers homes, streets, lawns and vehicles. It also invades the lungs of anyone in the area who breathes!

Moreover, scientists tell us the effects of actually burning the planet’s dirtiest oil is “game over” with regard to climate change!

Of course, the Koch brothers and their lapdogs on the right refuse to consider such inconveniences. There is money to be made now. They will reap the profits from refining and selling the oil, all the while denying any responsibility for dealing with the long-term consequences. In other words, they will do what most every other large corporation does: Privatize the profits while socializing the consequences.

Do you still think the few jobs created by the pipeline are worth the damage to our environment? Do you still think the GOP has your best interests in mind?

Democracy Lost.

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In recent years, much has been written about growing inequality. It is, indeed, one of the most important issues of our time. And the effects of big money on our democracy have been devastating.

Sure, you may still be able to vote to elect those who are supposed to represent you. But that, alone, does not constitute democracy. Not only are the choices of candidates limited to two individuals – the only two who were able to climb their way up the political ladder in order to receive their parties’ blessings and, more important, their campaign funds. All too often, those who are elected are promised large campaign donations by corporations and industries in exchange for political favors. It is not necessarily quid pro quo, but the expectation for a return on the investment is there. So, too is the pressure.

In reality, such high stakes lobbying has long been a part of politics. But, over the past 35 years, things have gotten even worse.

In the late seventies, large US corporations began to see their hold on the world economy slip. New, lower-priced, high-quality imports – many of them made with robotics – from Japan and Germany began to push aside American-made products. US corporations responded by relocating manufacturing – first to the South, then off-shore – in search of lower-priced labor.

Perhaps, the most destructive response was the move to tie CEO compensation to the value of the companies’ share prices. This ushered in an era of ever-increasing CEO salaries and even more lucrative stock options for CEOs – a legalized form of insider trading. The result was for US corporations to seek ever lower-priced labor in countries where there is no regulation and no employee benefits. At the same time corporate profits have soared, employee salaries and corporate investments in the future have diminished – almost guaranteeing that the future will belong to foreign-based corporations. But why would our CEOs care? They and their money will be long gone before it matters.

Our corporations have used the threat of off-shoring jobs to extort our state and city governments. In exchange for their extortion, those governments have assumed many of the risks of corporate relocation or expansion by paying for needed infrastructure, cutting regulations, and delaying or eliminating corporate taxes.

Now these corporations are attempting to extort the federal government.

Unwilling to pay US income taxes on profits made off-shore, these corporations are stashing cash in foreign banks until the federal government agrees to “repatriate” the money at a greatly reduced tax rate. Of course, they’re justifying the extortion by saying that “repatriation” will lead to greater investments and more jobs in the US – the great “trickle down” fraud.

In reality, the money is more likely to be doled out to CEOs and other executives in the form of bonuses (as a reward for robbing ordinary taxpayers) and stock options.

In the meantime, corporations and billionaires have been working to rig the system. Realizing that buying Congress and our state legislatures is cheaper than paying lobbyists, people like the Koch brothers have stuffed the pockets of candidates willing to do their bidding. To pave the way, they pushed conservatives to stack the Supreme Court with ideologues such as Alito, Roberts, Scalia and Thomas. That inevitably led to favorable court rulings giving corporations the rights of people and all but eliminating limitations on political donations. They got the IRS to change its rules allowing “non-profits” to fund political campaigns. When they won control of legislatures, they gerrymandered congressional districts making it all but impossible for anyone but “their people” to win office. And they introduced Voter ID laws to suppress the votes of minorities and the poor.

In 2014, their efforts finally came to fruition. Having already bought the House in 2010, they now own the Senate. It’s no coincidence that the first bills to reach the House and Senate floors were to repeal “Obamacare” and to build the Koch…er…Keystone XL Pipeline. Senate Majority Leader Mitch McConnell has also made it clear that issues such as raising the minimum wage, equal pay for equal work, unemployment insurance and student loan costs will be pushed aside in favor of gutting regulations on health care and financial services and eviscerating the EPA.

If you’re still worried about the effects of so-called “dark money” on our democracy, don’t. Last year, our democracy officially became an oligarchy.

How Much Is Enough?

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In 2014, the US spent $612.5 billion on defense. Although numerous sources have reported that this number exceeds the military budgets of the next 12 biggest spenders combined, I find that most people still have trouble getting their minds around the number and even more difficulty putting it into perspective.

So let’s look at it another way. In 2014, the US and its closest known allies spent an astonishing $1.15 trillion on defense.

Meanwhile our known “enemy” nation states of North Korea and Iran spent a total of $13.8 billion. If we add Pakistan, which is home to many extreme jihadists, and our one-time enemies who are now close trading partners (China and Russia), our potential adversaries (at least theoretically) spent a grand total of $223.4 billion on defense. Combined, that is little more than one-third of the US defense budget alone, and roughly one-fifth of the combined military budgets of the US and its close allies.

The US and its allies not only spend more money than the so-called rogue nations and the former communist bloc. They have more weapons of every kind; more sophisticated weaponry; and the financial means to build ever newer and better weapons. This is, of course, great comfort to our military-industrial complex consisting of Boeing, Halliburton, General Dynamics, General Electric, Lockheed-Martin, Raytheon and more.

It is, however, small comfort to US taxpayers who are expected to pay for this ever-growing budget item, especially since the only real threats to our homeland appear to come from relatively small groups of terrorists whose weaponry consists of handguns, AK47s, IEDs and captured weaponry that we previously sold to corrupt or failed governments.

Take into account that the costs of the Afghan War, the Iraq War, the war against ISIS, military aid to other countries, Immigration and Customs Enforcement, and veterans’ benefits are paid for out of budget line items separate from our defense budget, and you quickly discover that the vast majority of our taxes now go to defense. Yet the Department of Defense is asking for significant increases for 2015 and 2016, and it’s almost certain to get them.

One can only conclude that we are the most gullible, most paranoid people on Earth.

The True Cost Of America’s War Machine.

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President Obama just released his proposed budget for 2016. Out of a total budget of $1.15 trillion, $625.2 billion is earmarked for our military. And that doesn’t include the $70.5 billion for veterans’ benefits. That means $695.7 billion, or 60.4 percent of our total annual budget, will be dedicated to planning for war and dealing with the impact of war on our servicemen and women. In addition, the budget calls for $41.6 billion for international affairs – much of it likely dedicated to providing weapons to other nations.

Virtually all of this money will be used to line the pockets of defense suppliers and their executives. Worse, much of it will be wasted on equipment that is unwanted, ineffective and unnecessary. One need only look at the colossal waste that is the F35 fighter (which is hopelessly behind schedule and over budget), the materiel left behind in Iraq and Afghanistan (much of it now in the hands of ISIS and the Taliban), and the Abrams tanks being built over the objections of the Joint Chiefs of Staff.

By comparison, only 22 percent of our budget – $255.6 billion – will directly aid our citizens. $60.6 billion is allocated to Medicare and healthcare, $31.4 billion for Social Security and unemployment insurance, $27.4 billion for transportation, $13.3 billion for food and agriculture (including food stamps), $41.6 billion for energy and the environment and $74.1 billion for education. But the dirty secret is that much of the money for these budget items will provide large subsidies for big pharma, big agriculture, big oil, and big coal. Still more money will be used to clean up after big corporate polluters or to provide them with low-cost transportation and infrastructure.

Of course, it’s unlikely that President Obama’s budget will ever pass Congress. Teapublicans will probably increase the amount of military spending and corporate subsidies while cutting funds for the EPA, the Labor Department and education…maybe even Medicare and Social Security.

But imagine if, like in many European nations, things were reversed. What if we spent 60.4 percent of our federal budget to improve the lives of individuals and 22 percent on the military? What if all of our children could receive a world class education for free? What if no Americans went hungry or homeless? What if all Americans received healthcare? What if all Americans could comfortably retire at age 65? What if our transportation systems were, once again, the best in the world? What if, instead of subsidizing large corporations and the inflated salaries of their executives, we made them pay their fair share of taxes?

What if, instead of allocating nearly 4 percent of our GDP (the world’s largest economy) to defense, we spent only 2.1 percent like China (the world’s 2nd largest economy). Or what if we spent only 2.2 percent like the United Kingdom and France? Better yet, what if we spent only 1 percent like Canada? Collectively, the US and our NATO allies spend an amount on defense that exceeds that of our alleged enemies many times over. If necessary, NATO (even with a smaller US military) could overwhelm any possible opponent or collection of opponents.

Moreover, if we spent our money on improving lives, instead of the weapons intended to destroy them, we likely wouldn’t need such overwhelming military force.

State Of The World.

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On the day following President Obama’s inspiring State of the Union address, I think it appropriate to wonder, if a world leader were to make a State of the World address, what would it be? What would be the calls to action? What accomplishments would it tout? What dire warnings would it contain?

If I was that world leader, my address would include the following:

Accomplishments? There are very few. Charities and non-governmental organizations have nibbled at the edges of some problems, such as access to clean water, housing and food. But most of these are mere symptoms of larger issues. For example, many nations have contributed to refugee camps while ignoring, or even exacerbating the conflicts that created the refugees in the first place. We have killed terrorists while creating others as a result of those very same killings, all the while ignoring the causes that led to much of that terrorism in the first place. And though we have discussed environmental problems, we have solved few. Sometimes, these two larger issues overlap. For example, at the current rate of killings (an elephant is killed every 15 minutes), African elephants could disappear from the wild in just 11 years. The reason for the slaughter? Ivory is expensive and highly sought after for jewelry, so terrorists are killing the elephants to claim the ivory in order to fund their terrorist activities.

According to a new scientific study, the world’s oceans are on the precipice of mass extinctions. The oceans are being overfished and horribly polluted. Coral reefs are being destroyed by cruise ships and, most especially, container ships in order for large corporations to increase manufacturing profits by exploiting low labor costs in underdeveloped countries. There are large “islands” of trash and plastics floating in our oceans. BP and other oil companies have polluted our waters with oil spills consisting of millions of barrels of crude oil. Fracking is pumping benzenes and other toxic chemicals into our aquifers and polluting our drinking water, even causing earthquakes. Chemical companies and large corporate farms are responsible for toxic runoff from farmlands that have created “dead zones” in our oceans at the mouths of rivers. Those same chemical companies have contributed to the near catastrophic collapse of bee colonies needed to pollinate our food plants. As a result of the tsunami at Fukishima, radioactive water is pouring into the ocean unabated. And the effects of that mess are, as yet, unknown.

Back on land, white rhinos are now extinct in the wild and virtually non-existent in zoos. Black rhinos are greatly endangered. Amur Tigers are virtually extinct and all large cats are endangered. Pandas, which have long been on the edge of extinction, are now even more threatened by climate change. Mountain and Lowland Gorillas are endangered, in addition to Orangutans – both as the result of wars and habitat loss. Rain forests are being denuded in order to exploit them for exotic hardwoods and palm oil. Some forests are being cleared under the mistaken belief that the land can be used for agriculture.

Polar ice sheets and glaciers are melting at phenomenal rates inevitably leading to rising seas that will displace millions and millions of people. And the cost of relocating many of the world’s largest cities will run into the hundreds of billions, likely trillions, of dollars. The loss of ice pack in the Arctic is also threatening the existence of Polar Bears and other species. Of course, it has been well-established that ice melt is the result of our love affair with fossil fuels, but only a few nations are taking the problem seriously. As a result, 2014 was the warmest year on record. Global warming is leading to larger, more violent and more numerous storms. To make matters worse, the Koch-bought US Congress is intent on passing laws that will defund the Environmental Protection Agency, cut environmental regulations for large corporations and maintain tax breaks for the world’s largest polluters, all the while denying their impact on climate change.

Economic inequality and religious extremism have led to an explosion of wars and terrorism worldwide, resulting in the deaths of millions and the displacement of millions more. The immigration of those fleeing violence and economic oppression has led to the rise of hate, racism and right wing extremism in the refugees’ host nations. Meanwhile, economic inequality continues to get worse. It is estimated that, by 2016, 1 percent of the world’s population will own more than 50 percent of the world’s wealth! Yet conservative politicians in the US, Europe and elsewhere continue to vote to cut taxes for large corporations and the wealthy. The beneficiaries then contribute to political campaigns to help elect those who will do their bidding, and the cycle repeats. (Actually, it’s less of a cycle than a death spiral.)

Such is the sad state of the world today. And, thanks to conservative politics, things are only getting worse.

Greed Versus Poverty.

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“For the first time in history it is now possible to take care of everybody at a higher standard of living than any have ever known. Only ten years ago the ‘more with less’ technology reached the point where this could be done. All humanity now has the option of becoming enduringly successful.” – Buckminster Fuller, 1980.

I recently spotted this quote on Facebook and it made me think: What is the true state of the world in 2014? How far have we come since 1980?

Well, here are the sobering statistics:

– According to the human rights group, Walk Free, 36 million people live in slavery worldwide.
– In the US, approximately 250,000 women and children are held as sex slaves.
– In the US, nearly 2.5 million children were homeless at some point in 2013.
– In the US, 48 million people live in poverty.
– Worldwide, more than 3 billion people – nearly half the world population – live on less than $2.50 per day.
– In the US, 1 in 6 children don’t have enough to eat.
– Worldwide, 1 in 8 people suffer from chronic malnourishment and approximately 5,000,000 children die of malnutrition each year.
– Worldwide, many millions of people don’t have access to clean water.
– Worldwide, billions of people don’t have access to modern medical care.
– In the US, approximately 12 million people don’t have access to affordable health care even after implementation of the Affordable Care Act.
– Worldwide, climate change causes 350,000 deaths each year and that number is certain to grow.

As Fuller stated, it is now possible to solve these problems. Yet too many voters still believe in the fraud that is called “trickle-down economics”…a trickle that never comes. Too many politicians would rather give the wealthy and large corporations another tax cut than help these “freeloaders.” Others are too busy campaigning for office to be troubled with real problems. And the political problems aren’t just in the US. The rest of the industrialized world is not much better. Much of Europe has fallen back into recession as the result of economic austerity programs. In response, their populations have taken a nasty turn toward fascism.

We should all strive to avoid blaming others for our lack of progress and, instead, look for solutions.

Imagine what could be done to improve lives if the US corporations that have $2.1 trillion stashed in offshore tax havens paid just 10 percent in taxes on that money. Imagine if corporate CEOs devoted just a portion of their multi-million dollar annual salaries to pay their employees a living wage. Imagine if all of the world governments agreed to cut in half the $1.75 trillion in annual military spending and dedicated it to giving people access to health care, food and clean water. Imagine if our politicians weren’t bought and paid for by corporate lobbyists who are rewarded with billions in government contracts…more than $4 trillion between 2007 and 2012. Imagine if the billions dedicated to lobbying was used, instead, to help end human suffering.

We certainly have the means to achieve Fuller’s vision. All we need is the will (and the heart) to demand it.