General Electric knows how to best get its bread buttered. Go green!! (Or at least pretend as much.) So does British
Isn't it funny how the best schmoozers of government have somehow come to give the free market a bad name?Petrole...sshhhh!!...I mean BP. Duke Energy fawns at the feet of the bread butterer as well. T. Boone Pickens is attempting to set the record for the most buttered bread. Referring to these companies and people as capitalists may in a very peripheral way be appropriate, because they are definitely capitalizing on their unfair advantages. To call them free marketers is sheer chicanery, however.
All of these firms learned how to milk the bread butterer--the federal government--from the best. The best butter-receiving bread holder, in its day, was Enron.
The faux environmental movement is being led by the incestuous orgy of government and prison market profiteers.A few of the heads of these companies were close associates of none other than Ken Lay (see Red Hot Lies, by Christopher Horner, pp. 108-110). They have learned very well.
As my definition of capitalism (despite my attempt at humor above) I use the following non-Marxist one:
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.Hmmm....wealth made 'chiefly by private individuals or corporations'... Does that mean with or without the special favors of government? It seems here appropriate to paraphrase Lloyd Bentsen's famous retort to Dan Quayle:
I served with capitalism: I knew capitalism; capitalism was a friend of mine. Mr. Lay, you're no capitalist.Isn't it funny how the best schmoozers of government have
It doesn't have much of anything to do with "green". It has everything to do with the appearance of good and the acquisition of raw power.somehow come to give the free market a bad name? As you re-read that last sentence, don't think that you'd suffered a momentary bout of deja vu. It was, rather, the United States financial sector that just crossed your mind.
In case you didn't know, Ken Lay was, in his pre-Enron life, a government regulator. Ironically, it has been said of Enron:
Marjorie Kelly in her Enron interpretation, “and it’s time we said goodbye to the invisible hand.” Princeton economist Paul Krugman predicted in the New York Times that the demise of Enron—an event that was bigger than 9-11 in his view—would sour society against free-market capitalism.and that
For three decades now, the dominant strain of economics from the University of Chicago has been teaching gullible undergraduates and journalists that there is no such thing as the public interest. Efficient outcomes are just the aggregation of selfish private interests, and government’s main job is to get out of the way. Well, after Enron, these theorists should learn some other useful trade.News flash!! Government, rather than being out of Enron's way, was the pickle in Ken Lay's pocket. From previous regulatory experience, Mr. Lay and his Enron cronies (not the Enron serfs, mind you) knew just how to jump in with both feet.
Enron was in almost no way
Government, rather than being out of Enron's way, was the pickle in Ken Lay's pocket. Ken Lay fooled you once. Don't let his proselytes and pimps fool you again.a free market company. It was completely dependent on government and its mutual back-scratching associations with power-hungry "climate control" organizations. It began its own campaign for sustainable development in 1988. Lay sought for and achieved massive taxpayer funding for his company, as well as access to his competitors' transmission infrastructure. And to think it was all with the willing help of free enterprise...er...uh...wasn't it?
Ken Lay, in perhaps the least told facet of the Enron debacle, was a huge "friend" of the environment, exclusively because being so was "friendly" to him and his company. His "benefactors" surely knew this.
- He received the Climate Protection Award from the EPA.
- Enron advised the President’s Council on Sustainable Development; the Business Council for Sustainable Energy; the Pew Center on Global Climate Change
- He supported the Clinton Administration's drive for a Btu tax.
- In an effort to reap huge profits, Enron incessantly lobbied the federal government to regulate emissions of CO2.
There really, simply is not much capitalism going around anymore. And that is the problem. The invisible hand of the market has been replaced by the mailed fist of federal and world government.was not a member of the free market, but was rather one of its chief detractors--a "prison market profiteer".
There really, simply is not much capitalism going around anymore. And that is the problem. The invisible hand of the market has been replaced by the mailed fist of federal and world government.
In the 1930's Ken Lay would have been best friends with Benito Mussolini and Adolf Hitler. His friends from GE, Duke, BP, and Pickens Energy would love to have dined at the same table.
The current climate control movement doesn't have much of anything to do with the kind of "green" that you were just thinking about. It has to do with...yes...that kind of green. It has everything to do with the appearance of good and the acquisition of raw power. Ken Lay fooled you once. Don't let his proselytes and pimps fool you again.