economy

United Airlines, Monopoly/Oligopoly, The Natural Laws of Capitalism

In the US four airlines control over 80% of the seats and in many regional markets the competition veers towards a state of monopoly. There is simply no effective competitive controls on what the airlines can charge and under what conditions.This has lead to persistent high fares and a seemingly endless series of innovations in how many people can be jammed into a plane with as many extra charges tacked on for fewer and fewer amenities. —>> read more –>>

No Picture
economy

The Mortgage Debacle – Redux

The current tsunami of revelations of misbehavior, if not outright criminality, by the banking industry in their pursuit of mortgages gone bad, is further evidence of how fundamentally corrupt and cynical this industry continues to be. On —>> read more –>>

empire

Remarks on President Obama’s Speech on Accepting The Nobel Peace Prize in Oslo 12/10/2009

There is much to applaud in Obama’s speech: control of nuclear weapons, assertion of human and civil rights, multilateralism in conflict resolution and enforcement, denial of religion as a justification  for oppression of others.

But, we come to a significant claim, one that the US government has asserted for my entire lifetime,  and which the US media and populace would support:  “Whatever the mistakes we have made, the plain fact is this: the United States of America has helped underwrite global security for more than six decades with the blood of our citizens and the strength of our arms.” And, Obama continues with the summary moral claim that underlies this assertion, “We have borne this burden not because we seek to impose our will. We have done so out of enlightened self-interest – because we seek a better future for our children and grandchildren, and we believe that their lives will be better if other peoples’ children and grandchildren can live in freedom and prosperity.” —>> read more –>>

empire

Whither the American Empire?

Americans do not like to use the word “empire” in reference to the country’s role in the world. Our Presidents uniformly role out rhetoric that sounds just like Obama’s. Here is a paragraph from his Inaugural speech:

And so, to all the other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born, know that America is a friend of each nation, and every man, woman and child who seeks a future of peace and dignity.  And we are ready to lead once more.

This is heart warming.  But, turning to some of the facts on the ground…… —>> read more –>>