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Corporate Hunger for Profits Has Devastated American Life -- and the World Along with It

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  • Ed Pearl
    From: earthactionnetwork@earthlink.net
    Message 1 of 1 , May 22, 2013
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      From: earthactionnetwork@...


      <http://www.alternet.org/print/economy/4-big-ways-insatiable-
      corporate-hunger-profits-has-devastated-american-life-and- world-along>

      The 4 Big Ways That Insatiable Corporate Hunger for Profits Has Devastated
      American Life -- and the World Along with It
      By Paul Buchheit
      Alternate: May 19, 2013

      The damage caused by the relentless corporate drive for profits has become
      more clear in recent years. In the most important areas of American life,
      devastating changes have occurred:

      Health Care [3]: Almost half of the working-age adults in America passed up
      doctor visits or other medical services because they couldn't afford to pay.
      The system hasn't supported kids, either. A UNICEF study [4] places the U.S.
      26th out of 29 OECD countries in the overall well-being of its children.

      Education [5]: Student loan balances increased by 75% between 2007 and 2012.

      Household Wealth [6]: Median wealth fell by 66% among Hispanic households
      and 53% among black households between 2005 and 2009, mainly because of the
      mortgage banking collapse. Almost half of Americans have ZERO [7]wealth,
      with their assets surpassed by debt.




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      http://www.nytimes.com/2013/05/19/opinion/sunday/climate-
      warnings-growing-louder.html



      Climate Warnings, Growing Louder

      By THE EDITORIAL BOARD: May 19, 2013



      The news that atmospheric concentrations of carbon dioxide, the most
      important global warming gas, have hit 400 parts per million for the first
      time in millions of years increases the pressure on President Obama to
      deliver on his pledges to limit this country's greenhouse gas emissions.



      America cannot solve a global problem by itself. But as Mr. Obama rightly
      observed in his inaugural address, the United States, as both major polluter
      and world leader, has a deep obligation to help shield the international
      community from rising sea levels, floods, droughts and other devastating
      consequences of a warming planet. In his State of the Union speech, he
      promised to take executive action if Congress failed to pass climate
      legislation.
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