Showing posts with label Predatory Capitalism. Show all posts
Showing posts with label Predatory Capitalism. Show all posts

Wednesday, February 24, 2021

Bill Gates Is NOT Your Benefactor Or Your Friend...,

thegrayzone  |  President Donald Trump’s announcement this July of a U.S. withdrawal from the World Health Organization (WHO) set into motion a process that will have a dramatic impact on the future of global public health policy – and on the fortunes of one of the world’s richest people.

The US abandonment of the WHO means that the organization’s second-largest financial contributor, the Bill & Melinda Gates Foundation, is soon to become its top donor, giving the non-governmental international empire unparalleled influence over one the world’s most important multilateral organizations.

Bill Gates has achieved a hero-like status during the pandemic. The Washington Post has called him a “champion of science-backed solutions,” while the New York Times recently hailed him as “the most interesting man in the world.” Gates is also the star of a hit Netflix docu-series, “Pandemic: How to Prevent an Outbreak,” which was released just weeks before coronavirus hit the U.S., and was produced by a New York Times correspondent, Sheri Fink, who previously worked at three Gates-funded organizations (Pro Publica, the New America Foundation, and the International Medical Corps). 

The tidal wave of mainstream media praise for Gates during the Covid-19 era has meant that scrutiny of the billionaire and his machinations is increasingly prevalent on the farright of the political spectrum, where it can be dismissed by progressives as the conspiratorial ravings of Trumpists and Q-Anon quacks. 

But beyond the public relations bonanza about Gates lies a disturbing history that should raise concerns about whether his foundation’s plans for resolving the pandemic will benefit the global public as much as it expands and entrenches its power over international institutions. 

The Gates Foundation has already effectively privatized the international body charged with creating health policy, transforming it into a vehicle for corporate dominance. It has facilitated the dumping of toxic products onto the people of the Global South, and even used the world’s poor as guinea pigs for drug experiments.

The Gates Foundation’s influence over public health policy is practically contingent on ensuring that safety regulations and other government functions are weak enough to be circumvented. It therefore operates against the independence of nation states and as a vehicle for Western capital.

“Because of the Gates Foundation, I have watched government after government fall in its sovereignty,” Dr. Vandana Shiva, a scholar and founder of the India-based Research Foundation for Science, Technology and Ecology, told The Grayzone.

Saving the world?

The Bill & Melinda Gates Foundation is the largest private foundation on Earth, reporting over $51 billion in assets at the end of 2019. Bill Gates says his foundation spends a majority of its resources “reducing deaths from infectious diseases,” and through this philanthropy, he seems to have bought a name for himself as an infectious disease expert.

Corporate media networks rolled out the red carpet for Gates as he advised the world on how to handle the Covid-19 outbreak. In just the month of April, while the virus was severely impacting the U.S., he was hosted by CNN, CNBC, Fox, PBS, BBC, CBS, MSNBC, The Daily Show and The Ellen Show. On the BBC, Gates described himself as a “health expert,” despite his lack of a college degree in medicine or any other field.

The billionaire’s media appearances are shot through with a single, undeniable theme: If global leaders listened to Gates, the world would be better equipped to fight the pandemic. As the fashion magazine Vogue asked, “Why Isn’t Bill Gates Running the Coronavirus Task Force?”

So what does a Gates-led COVID response look like?

Tuesday, February 23, 2021

How Much Quicker You Think They'd Kill A Truth-Speaking Irresponsible Negroe Now?

lawandcrime  |  A late undercover cop left behind a letter in which he said he participated in the New York Police Department’s and Federal Bureau of Investigation’s conspiracy to undermine civil rights leaders and Black nationalists in the 1960, and to kill them, said attorney Ben Crump in a press conference Saturday, joined by three daughters of Malcolm X. Notably, the former officer, Ray Wood, said he was involved in the arrest of two men from Malcolm X’s security team shortly before the assassination. He said Thomas Johnson, one of the men convicted in the murder, was innocent

“I participated in actions that in hindsight were deplorable and detrimental to the advancement of my own Black people,” Wood said in a letter read by his younger cousin Reggie Wood. “My actions on behalf of the New York City Police Department were done under duress and fear that if I did not follow the orders

Reggie Wood said Ray Wood wrote the letter, dated January 25, 2011, while suffering failing health. Crump said that attorneys worked to corroborate the letter’s version of events.

“This letter helps me to understand the pain and guilt that Ray felt for the last 55 years,” Reggie Wood said. “He conspired to help the NYPD assassinate Malcolm X.”

“Several months ago, the Manhattan District Attorney initiated a review of the investigation and prosecution that resulted in two convictions for the murder of Malcolm X,” the NYPD said in a statement to NY1. “The NYPD has provided all available records relevant to that case to the District Attorney. The Department remains committed to assist with that review in any way.”

The FBI declined to comment.

of my handlers, I could face detrimental consequences.”

Americans Need To Wake Up And Realize Where What Little Power We Have Lies!!!

power-grid |  Worldwide, similar experiences occur when electric utilities deregulate. Percentage increases in residential electricity prices from 2000 to 2010, as a result of deregulation and privatization of electric utilities, in the following countries are:

Chile, +166 percent; Canada, +72 percent; Czech Republic, +133 percent; Ireland, +100 percent; Hungary, +117 percent; Norway, +106 percent; New Zealand, +203 percent; Sweden, +88 percent; U.S., +42 percent; and the U.K., +86 percent. Electricity price increases globally after deregulation far exceed general price and wage gains, making the general population poorer but power generators and retailers richer.

Cold weather during February 2011 and ineffective weatherization that did not protect the plants caused many Texas electric power plants to shut down. Electricity prices spiked much higher, and Texas experienced prolonged and frequent rolling blackouts that primarily affected residential customers.

During another Texas cold snap in January 2014, two large power plants unexpectedly closed down because of incomplete weatherization, which resulted in the danger of rolling blackouts. As a result, Texas wholesale electricity market prices spiked higher–from a usual $30 to $100 per megawatt-hour to more than $4,500 per megawatt-hour. Under existing rules, all generators receive the same $4,500 per megawatt-hour regardless of their average costs.

The current incentives in electricity markets harm residential electricity consumers. Texas electricity generators, with multiple plants on the interconnection grid, receive much more money if they do not weatherize a few of their plants properly. As a consequence, these poorly weatherized plants must shut down during cold weather. All generating plants that remain online receive the spiking electricity prices, and the generating company makes much more money than if all their plants were operating properly. This is only one way privatizers are gaming the Texas electricity market: using laws and rules set up by their lobbyists.

Seven years ago at the top of the most recent credit bubble, it was believed that electricity prices would rise dramatically. Consequently, privatizers overpaid when purchasing electric utilities. Instead, U.S. natural gas prices unexpectedly dropped–a result of the nationwide shale gas fracking boom – and pushed many privatized Texas electricity generating companies into bankruptcy.

Houston-based Dynegy Inc. filed for bankruptcy protection in July 2012. Edison Mission Energy, which operated electric generating plants in 12 states, filed for bankruptcy protection in December 2012 and exited Chapter 11 in March 2014, when the company sold for $2.64 billion to NRG Energy, which has operations headquarters in Houston. Texas electricity generating company Optim Energy LLC – which is owned by ECJV Holdings LLC, which is owned by Cascade Investment LLC, a Bill Gates investment company – filed for Chapter 11 bankruptcy protection in February 2014.

Kohlberg Kravis Roberts & Co., Texas Pacific Group and Goldman Sachs Capital Partners took TXU – at that time, the main electricity supplier in Texas – private in 2007 in the largest private equity leveraged buyout (LBO) on record and renamed the new company Energy Future Holdings Corp. (EFHC), headquartered in Dallas. In one of the largest nonfinancial bankruptcies in history, EFHC filed a prepackaged Chapter 11 bankruptcy in April 2014.

Although these generating companies are dealing with bankruptcies, they cannot plan for and invest in new power plants to meet expected electricity demand in Texas. This results in below-standard reserve margins, which threaten Texas electricity supply and system reliability.

The North American Electric Reliability Corp.’s (NERC‘s) goal is to safeguard North America’s electric power system reliability. The nonprofit reports on insufficient electrical power level capacity during peak load periods. Energy emergency alerts indicate electrical capacity shortfalls and are a leading indicator of inadequate system reliability. Texas is under increasing stress and has had three NERC Energy Emergency Alert 2 incidents and two more serious NERC Energy Emergency Alert 3 incidents since 2006.

The Electric Reliability Council of Texas’ (ERCOT‘s) reserve margin forecasts for 2014-2023 are used as an indicator of Texas’ electrical system reliability. ERCOT’s forecast reserve margins show that Texas will fall significantly below the NERC reference reserve margin standard of 13.75 percent beginning in 2015 and continuing through 2023. New electric power plants are not being built fast enough to keep up with growing electricity demand in Texas because of the deregulation and privatization of Texas electric utilities. NERC and ERCOT predict the increased probability of brownouts and rolling blackouts in Texas.

Wednesday, February 17, 2021

Pray To Gawd You Know This Post Ain't About These Woes....,

opendemocracy |  When asked to address philanthrocapitalism over the last 20 years, one of the first thoughts I had was how late-stage capitalism impacts sex workers. I entered sex work as a stripper in the United States at the age of 19 in 2007, and even then dancers at my club bemoaned how much earnings had dropped since the 1990s. In the 14 years since, even those of us who are relatively privileged have seen tuition and predatory student loan practices soar, employment rates/wages drop, and a continuing erosion of social safety nets. This has meant that many of us in a previous decade potentially could have quietly done sex work in our early 20s and moved on to other careers as we got older, but under current economic conditions we have simply never been able to afford to entirely leave the industry.

As the sex industry has grown oversaturated, managers of legal workspaces have become bolder in pursuing exploitive and discriminatory labour practices. This, in conjunction with Trump’s presidency and the passage of anti-sex work policies like SESTA/FOSTA, has pushed many of us into higher contact, more criminalised work that is still preferable to the majority of available waged jobs. Anti-trafficking crusaders often blame us for glamourising the industry, but the reality is that people of all genders and ages are entering into sex work because they are under increasing financial duress and experience a lack of other viable options under our current power structures.

As an administrator of the Lysistrata Mutual Care Collective & Fund, a mostly volunteer-run resource specifically by and for sex workers, our collective grounds its resistance to predominant modes of philanthrocapitalism by drawing on what grassroots organisers call the non-profit-industrial complex. Non-profits, especially in the anti-trafficking realm, often give lifetime positions of power to people outside of marginalised communities. They are accountable primarily to well-off board members and funders. Funding typically goes to their salaries rather than directly to individuals in the populations they claim to serve.

This dynamic is also found within the sex worker movement. Formally educated, white sex workers from middle class backgrounds are disproportionately able to transition to paid advocacy work and secure grant funding, while our peers who face greater risk of arrest and violence in every part of their existence are often additionally barred from transitioning to non-profit and academic employment.

Saturday, February 06, 2021

Spreading Of Disaffection Against The Government

Not like Modi's HinduNazi white-shirts with their big ass-whopping sticks and his policy of doing away with government purchase of produce at guaranteed rates - might engender any "disaffection" against his preposterous naked predatory imperial government?

NYPost |  Greta Thunberg accidentally shared a message showing she was getting told what to write on Twitter about the ongoing violent farmers’ revolt in India — sparking a police investigation and a political firestorm, according to reports.

The 18-year-old left-wing eco-activist shared — and then quickly deleted — a message that detailed a list of “suggested posts” about the ongoing protests, according to the posts that were saved by Breaking 911.

The list gave a series of tips on what to post, asking her to also repost and tag other celebrities tweeting about it, including pop star Rihanna.

As well as the Twitter storm, the “toolkit” she shared also suggested highlighting planned demonstrations at Indian embassies.

The campaign material and social media template was created by Canada’s Poetic Justice Foundation, which claims to be a grassroots group creating “events to provoke, challenge and disrupt systemic inequities and biases,” Times Now said. The group’s website confirms it is “most actively involved in the #FarmersProtest.”

The group then shared to Facebook a series of screenshots of the posts it appears to have gotten celebrities to share.

After deleting the list, Thunberg then shared a supposedly newer “toolkit” and a message saying, “We stand in solidarity with the #FarmersProtest in India.”

India’s foreign ministry issued a rare statement accusing “foreign individuals” and celebrities of “sensationalism” and “trying to enforce their agenda.”

Delhi police on Thursday confirmed that it had launched “a criminal case against the creators of the ‘Toolkit document'” that Thunberg shared.

“The call was to wage economic, social, cultural and regional war against India,” police said of the plot supposedly taken up by the celebs.

The force filed a First Information Report (FIR) — a preliminary formal investigation — with a specialist cyber-crimes squad leading the investigation, according to NDTV.

You Know You Done Fucked Up, Right?

nakedcapitalism  |   “Jury Instructions & Charges” (PDF) [Judge Juan Merchan, New York State Unified Court System ]. Merchan’s instruct...