It seems that James K. Galbraith is following in the footsteps of his late and very great father John Kenneth. It's delightfully ironic that James teaches at the Lyndon B. Johnson school.
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Keith Addison Sent: May 3, 2006 3:17 AM To: biofuel@sustainablelists.org Subject: [Biofuel] The Predator State = Enron, Tyco, WorldCom... and the U.S. government? http://informationclearinghouse.info/article12880.htm The Predator State Enron, Tyco, WorldCom... and the U.S. government? By James K. Galbraith 04/29/06 "Mother Jones" -- -- WHAT IS THE REAL NATURE of American capitalism today? Is it a grand national adventure, as politicians and textbooks aver, in which markets provide the framework for benign competition, from which emerges the greatest good for the greatest number? Or is it the domain of class struggle, even a "global class war," as the title of Jeff Faux's new book would have it, in which the "party of Davos" outmaneuvers the remnants of the organized working class... The doctrines of the "law and economics" movement, now ascendant in our courts, hold that if people are rational, if markets can be "contested," if memory is good and information adequate, then firms will adhere on their own to norms of honorable conduct. Any public So, how can the political system reform itself? How can we reestablish checks, balances, countervailing power, and a sense of public purpose? How can we get modern economic predation back under control, restoring the possibilities not only for progressive social action but also-just as important-for honest private economic activity? Until we can answer those questions, the predators will run wild. James K. Galbraith teaches economics at the Lyndon B. Johnson School of Public Affairs at the University of Texas-Austin. He previously served in several positions on the staff of the U.S. Congress, including executive director of the Joint Economic Committee. _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/ _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
