Can it be called war profiteering? The size and scope of the government contracts awarded to Halliburton in connection with the war in Iraq are significantly greater than was previously disclosed and demonstrate the U.S. military's increasing reliance on for-profit corporations to run its logistical operations. Independent experts estimate that as much as one-third of the monthly $3.9 billion cost of keeping U.S. troops in Iraq is going to independent contractors.
J.K. Galbraith shocked at scale of corporate failures. "I can only say I hadn't expected to see this problem on anything like the magnitude of the last few months – the separation of ownership from management, the monopolisation of control by irresponsible personal money-makers." Myself and chrispy came to the same conclusion on the drive home from the resolutely un- (rather than anti-) corporate Glastonbury Festival today. Profit is valued and rewarded by the vast majority of corporations above all else. As a consquence, people with the same values dominate executive positions, to the exclusion of those with more 'humanitarian' or longer-term outlooks. Where is the balance? Should we make hippie non-exec directors compulsory? Or should I just go back to bed and let the drugs wear off???
Corporate Anthems. Oh boy! I strongly recommend McKinsey and Ericsson ("Network Intelligence - You And Me!").
Corporations Behaving Badly. The Ten Worst Corporations of 2001.
®™ark is looking for someone to marry a corporation. Since corporations are legal “people” — only missing the right to vote — they must have the right to marry. Perhaps Pyra is looking for a spouse?
Rangers, Saints, Hubbard, Comcast, AOL, Verizon, Marcus, Microsoft. Good god. The evil really does support Bush. But, I can't really say that Jane Fonda or Infoseek is any better.
One Year After Seattle -- "A year has passed since the World Trade Organization's "Millennium Round" collapsed under clouds of tear gas in Seattle," writes Mark Weisbrot, in this useful overview of what was -- and is -- at stake. "The debate over globalization has been altered, perhaps permanently, to include some of the concerns of civil society: poverty and inequality, economic instability, and the environmental costs of globalization...."
Definitely a sign that the e-pocalypse is upon us. Zany Brainy has up and purchased Noodle Kidoodle! Ooogy woogy, bunny wunny!