Archive for the ‘regulation’ Category

Greed Kills!

2017/06/21

London experienced a horrible fire recently, when a 24 story apartment building caught fire and burned rapidly.  So far, 79 people are either confirmed dead or missing and confirmed dead, and the death doll may go higher.  I happened to be reading the New York Times at the time that the fire was reported, and the video that I saw was terrifying.

High rise buildings are designed to contain fires to their starting point, so that people have a chance to get out.  This building burned like it was soaked in gasoline.  Seeing a multi-story residential building burning from top to bottom is utterly wrong, never supposed to happen kind of stuff:  https://www.youtube.com/watch?v=LKe2I-s_AQo&index=1&list=FLT0coajYwPzUbTWP5a9lTEQ

From the first, people who lived in the building were saying that the cladding,  which had been added during a 10 million pound renovation as insulation, had burned rapidly, spreading the fire from a lower floor to the top floor in minutes.  Additionally, the building only had one fire stairwell, and there was no central fire alarm system.  As the building had been built in 1974, it was not required to have sprinklers.  That anyone escaped at all is mostly due to the presence in the building of many Muslim people who were awake preparing their Ramadan meal and spread the alarm.

This horrible tragedy was completely preventable, and most certainly is the result of criminal negligence.  Terrorism is an act meant to force people to change.  Setting people up to die  by saving a few pennies is far worse.

Stopping the pain

2017/02/28

Most people I know are hurting in some way, spiritually, emotionally, physically, or in other ways.  Life seems to be needlessly complex, and drains us of energy.  We often do not feel like our work is of value to anybody, and getting rewarded for what we do is frequently inadequate and materialistic.  People all over the country are losing their sense of community, withdrawing from society, becoming increasingly isolated.

Most of us are doing the jobs of three people, yet our pay is the same as it was 30 years ago, correcting for inflation.  Wages should have grown as productivity increased, but the capitalists kept them low, choosing instead to pocket the increased revenues.  These are the same people who decided to send jobs overseas so that they could increase their profit margins.  Those decisions were made without regard for community, or society, and were driven by pure greed.  Everyone was making decent money back in the 1970’s, but then thefts began.  Retirement funds held by unions, Social Security, trusted companies, all were ripped off, or ripped us off.  Social Security was the biggest heist in history, billions of dollars stolen from the fund that was supposed to pay out the benefits.  Enron was responsible for thousands of elderly folks to lose their retirement savings, along with Tycho, General Motors, and several others.

Greed is driving the push for ever-greater profits, a lust for money beyond reason, a desire for money that cannot be satiated.  People who believe that they are above having to work, because they have invested their wealth so that they can receive dividends.  Their neighbors used to live on interest from their investments, but the banking world is upside down now, and banks don’t pay interest anymore.  Banks are upside down because nobody is saving any money, like they used to.  Who can afford it?  A friend of mine said the other day that most of the people that she knows are one crisis away from losing everything, because they have no reserves left.  Can’t use credit cards anymore, the interest is so high.  If you can get one.

Only new hires, or teenagers, should be working for the minimum wage.  People should be earning more, so that they are not struggling to survive.  They should have the chance to do a good job, one that they can be proud of, rather than be forced to turn out shoddy merchandise or poor service.  We all need to remember that we need community, feeling connected to each other, sharing with each other.  These are things that government cannot make happen by passing laws or creating regulations.  These are things that capitalists should be doing anyway, to protect their most valuable resource, people.

Taking too much

2016/12/17

Everything that we do is an investment of energy, a gamble that we will get more out of something than what we put in.  Sometimes, we lose, sometimes, we win.  When we lose too frequently, we are diminished, lacking that which makes life possible.  Many of the interactions that we have generate energy, a surplus beyond what we have invested.

When this surplus is taken away from the people who produce it too often, the process of production begins to fail, as fewer and fewer people will invest their energy into something which will inevitably cost them.  What is wrong in America is that too much taking of surplus energy by people who are not creating that energy is going on.  There are too many people trying to get rich too quickly.

These people see the potential surplus of a deal to be theirs regardless of whether it is actually created or not.  They feel victimized if they are not allowed to extract every possible bit of surplus for themselves.  To claim that you have been robbed because you didn’t make as much as you could have is to deny the right of others to receive the fruits of their labors.

Paying a living wage means paying more than the minimum, giving the producers a surplus to spend on themselves.  This creates the energy to drive the system.  Raising the minimum wage will not alter the inequity of our economic system, raising the average wage is what will increase demand for goods and services, stimulate innovation, and produce satisfaction with our lives.

Greed, oh Volkswagen Greed

2016/03/24

Back in the late 1990’s, Volkswagen announced that it intended to become the largest auto manufacturer in the world.  At that time, the company was considerably behind Toyota, then the largest car maker.  But Volkswagen succeeded in being number 1, for a few months.  The cost of eclipsing Toyota may have been too great, though.  In order to sell so many vehicles, Volkswagen cheated, claiming mileage which was extraordinary for their diesel-powered cars.  Yes, the cars actually can get that kind of mileage, but not while being compliant with U.S. emissions standards.

When confronted with evidence that their cars were not compliant, Volkswagen stonewalled for nearly a year, before admitting to the deceit.  Now, the courts are trying to determine what the remedy should be for the people who purchased these defective cars.  Rather than spending millions in court costs and lawyer fees, I suggest that Volkswagen give these customers their choice of a brand new Volkswagen, or Audi, with a complimentary maintenance agreement.  This would be far cheaper in the long run, and might even go some ways toward repairing the damage that has been done to the Volkswagen name.

Studs give no grip

2016/03/03

The past few days, I have been working outside near a major thoroughfare, and I have noticed how many cars have studded tires on.  We have not had any snow, freezing rain, or even sleet for the last month and-a-half, but people are still driving around with tires that have little pieces of metal pushed into them.  These pieces of metal are supposed to improve traction on icy surfaces.  Which they do, sometimes, but most of the time, they just reduce the traction, by lifting the tire up off of the road.  Braking distances are longer, and cornering is seriously impaired.  But that is not the worst.

Studded tires tear up the roads, accelerating wear, destroying paint and decals, and creating a very fine gravel, which is bad for motorcyclists.  Driving studded tires on dry pavement also makes the studs go away really fast.  In spite of all of that, I do have studded tires.  They are permanently mounted on spare wheels, and I only put them on the car when the roads are super icy.  Most of the time, all season radial tires work quite well, as the rubber is formulated to get soft when the tire gets cold.  But I can swap out the tires in less than an hour, in my own driveway.  Actually, I hardly ever use my studded tires, and would not be upset if they were banned.  They do tear up the roads, and they do reduce traction most of the time.  But I am sure that there is an amendment which guarantees the right to run studs.  When driverless cars get popular, maybe we can get rid of the studs!

Burn, Baby Burn

2015/12/11

There is little doubt that the Earth is getting warmer.  You can deny it if you wish, but the evidence is becoming irrefutable.  Most of the debate now centers on whether burning fossil fuels is causing the warming.  Regardless of the cause, adding more carbon dioxide to the atmosphere right now is like throwing gasoline on a fire.  The human race is currently spewing over 34 billion tons of carbon dioxide into the atmosphere every year.  Reducing that amount requires reducing the use of fossil fuels, as they are the largest source of carbon dioxide.

Coal-fired power generating plants are the largest single source of this greenhouse gas, as well as soot, sulfur dioxide, and mercury.  Many of these generating plants have no emissions controls, such as scrubbers to remove sulfur dioxide, or particulate absorption  devices.  Alternative sources of energy are becoming much cheaper, including natural gas, solar, and wind power.  It does not really matter what is causing the Earth to get warmer, what matters is whether we stop contributing to the warming.

Inequality must stop!

2015/11/23

There are several ways to address income inequality, from taxation to raising the minimum wage.  Some way must be found to share more wealth with the working people, so that they can consume luxury goods.  Otherwise, the economy is going to stagnate as all of the wealth ends up in the hands of a very few people.  Encouraging payment of higher wages, without raising the minimum wage, is the least inflationary method of redistributing wealth.  Workers have not been compensated for the incredible increases in productivity which have occurred over the last 20 to 30 years.

Another way of redistributing wealth is national health insurance.  If everyone were to pay in, depending on their level of income, there would be little difficulty in improving the health of the American people.  The problem lies in getting enough people into the health care field when compensation is very low for the amount of preparation required, and the demands of the job.  The shortage of doctors and nurses is becoming acute in many areas, resulting in a great deal of overtime.

No minimum wage, just higher wages.

2015/11/21

Raising the minimum wage will not alleviate the misery that so many are experiencing.  What is needed is to change the payroll tax laws to persuade employers to pay higher wages. By putting a high tax on low wages, we might be able to get employers to pay decent wages. For instance, if you pay your employees 8.00 dollars an hour, you pay a 40 percent tax on payroll. If you pay them 12.00 dollars an hour, you pay 12 percent tax.  At 20.00 dollars per hour, there is no tax.  Viewing labor as an expendable resource is pure capitalism, which is destroying itself right now.  We are a community, which survives because everyone puts in what they can.

Some workers are not worth high wages; trainees receiving minimum wage is an acceptable practice.  But that wage should be used rarely, with average wages above that by a considerable margin.  We do not want to raise the minimum wage, we want to raise the average wage.  Average wages must be nearly twice minimum wage if there is to be a large consumer class.   Minimum wage has been raised again and again, and it never changes the poverty levels, because it makes it so that you can be broke with more money than ever before.

In order to consume, people need money, more money than basic survival requires.  When people can afford such things as spa treatments, premium beverages, luxury cars, gardeners, housekeepers, the economy will be roaring.  When people spend money on those kinds of things, the money goes through the economy over and over.  Minimum wages take money out of the system, and puts it in the hands of the one percent.  Raising average wages would increase economic activity, generating more wealth.  Don’t raise the minimum wage, raise the average wage.

We want to inquire about your greed.

2010/05/05

Congress can never be said to avoid taking action, because every crisis and major decision sees some form of commission, committee, or dog and pony show created do provide guidance.  The congress itself is too busy running for re-election to actually study the issues, so they delegate someone else to do it.  This tactic is especially popular when unpopular decisions are needed, because the legislator can always say that they just followed the recommendations of the body which was responsible for that action.  This is, of course, out and out denial of the congress members duty to take responsibility for their actions.

Responsibility is what the commission that sparked this diatribe is investigating;  who can get the credit for the American economy collapsing around the remainder of Wall Street.  Somewhere, there has got to be a person or persons whose decisions were instrumental in causing tho worst economic collapse since the Great Depression, or so the thinking goes, apparently.  The Financial Crisis Inquiry Commission is charged with establishing just what caused the best party the rich had enjoyed in centuries to come so suddenly to an end.

But, over and over again, executives state they were following sound business practices, and that it was unstoppable market forces which overwhelmed them.  They had no responsibility for all the bad things that happened.  We should not be surprised, because it would take some too dim of wit to survive on Wall Street to stand before a commission and say, “We were greedy, and got in over our heads.”  Which is what the whole crisis amounted to; greed distorting the judgment of everyone from home owners to heads of multinational banks.

How ‘sound’ is a business practice which is based on the market continuing an unprecedented surge, or the willingness of others to loan money?  It sounded great when the money was rolling, but people were so busy putting it in their pockets that they didn’t set any aside for an overcast day.  The smallest disturbance could threaten multi-billion dollar companies with extinction, it worked out, as dominoes fell one right after another, until the whole thing went right off a cliff.  How can you expect to see a cliff when you are driving 100 miles per hour?  The profit taking was so supercharged that no one even considered easing up on the gas a little.

Well, it was nice while it lasted, and some people made a lot of money, but most of us ended up with less.  Is it our money that those people got?

Republicans just say “No”

2010/04/20

The new strategy of the Republican party is to just say “No”.  No to anything that represents progress, because the Democrats are in control.  The Republicans are willing to sacrifice the working of government in order to take back control of that government.  To what end to they seek control?  To stop any attempt at new regulation of the financial sector, to stop implementation of the first attempt at health care reform.  To allow unbridled access to America’s parks and national forests for resource extraction.  To insure that the rich get richer, and that middle class folks are set with an even greater burden.

Our economy is still suffering the effects of the worst financial meltdown since the Great Depression.  Evidence is mounting that this was not simply a bursting of a bubble, but an orchestrated, planned destruction of wealth, in order that wealth could be consolidated by a select few.  Most people lost money in the Great Recession, but some people made money.  Lots of money.  The government was forced to take unprecedented actions to keep the entire economy of the world from collapsing.  The Republican administration under George Bush took those steps, reluctantly, yes, but with no alternative which would not lead to complete economic meltdown.

Now, those same Republicans are trying to blame the Obama administration for what their president did.  They cry “No more bailouts,” yet what do they offer as a means of preventing the same situation from happening again?  Obstructionism, denial, and misrepresentation.  It was the Republicans who took this nation to war, violating the most basic of all rules, that against attacking someone who has not attacked you.  The Republican party has allowed flagrant violations of safety laws in the coal mining industry, sought ways to evade the Clean Water Act, and saddled our efforts to explore the Solar System with an unworkable program.

What kind of person will deny any effort to accomplish something merely to make themselves look good?  A Republican will.  Republicans see no problems with the health care system in the United States, even though the costs of providing health care to state workers is bankrupting the states, and growing numbers of Americans have no access to health care beyond the local Emergency Room.

The Republicans want you to believe that they are protecting the core values of the United States.  Nothing could be further from the truth.  What they seek is further license to steal, to degrade, and to swindle.  Democrats opposed Republican legislation because they disagreed with it.  Republicans oppose Democratic legislation because it is Democratic legislation, even if they agree with it.  They are willing to allow the financial sector to take another stab at destroying America, just so that the government that oversees that destruction will be Republican.