A. Alexander, September 14th, 2007
One bears witness in a bizarre state of amused horror. A few weeks ago, the New York Times reported that the former CEO of Citigroup had proudly insisted that corporations were taking over for the government. Sadly, he is correct. However, if he or anyone believes that corporations can deliver comparable services more efficiently and at less cost, they're delusional.
The belief that CEOs are geniuses and that corporations are the epitome of democratic values and fiscal prowess is absurd as it is false. The myth, of course, is produced and propagated by corporations themselves. The illusion is reinforced by the likes of EXXON.
EXXON and big oil control the vast majority of the world's oil supply. Understanding that and realizing that neither the Bush administration, nor a bought-n-paid-for Congress would stand in their way, EXXON et al. tripled the price of gasoline -- blaming it on so-called global insecurity -- and started raking in annual profits that exceed $30 billion. That's business genius, right? That's oh-so efficient, right? Wrong!
What EXXON and its friends in big oil have done is nothing short of robbery and extortion. They control the market; they know they control the market; they know the consumer is helpless; they know the consumer needs gasoline just to get to work -- in order to access their very livelihood -- so EXXON uses that leverage to take money from the helpless and the hopeless.
How exactly, is what EXXON and big oil are doing to be considered genius, democratic, or a model of fiscal efficiency?
(entire article @ following link)
http://www.progressivedailybeacon.com/more.php?page=opinion&id=1674