Predictions of an Economic Hit Man

[katty]

cont'd at:http://www.alternet.org/story/30681/

excerpt fr article: Predictions of an Economic Hit Man

-Transnational corporations have taken control of much of the production and trade in developing countries: For example, 40 percent of the world's coffee is traded by just four companies; the top 30 supermarket chains control almost one-third of worldwide grocery sales.


-A trade surplus of $1 billion for developing countries in the 1970s turned into an $11 billion deficit by 2001.


-The income ratio of the one-fifth of the world's population in the wealthiest countries to the one-fifth in the poorest went from 30 to 1 in 1960 to 74 to 1 in 1995.


-Of the 100 largest economies in the world, 51 are corporations; of those, 47 are U.S.-based.


-The overall share of federal taxes paid by U.S. corporations is now less than 10 percent, down from 21 percent in 2001 and over 50 percent during World War II; one-third of America's largest and most profitable corporations paid zero taxes -- or actually received credits -- in at least one of the last three years (according to Forbes magazine).


-Back in 1980 the average American chief executive earned 40 times as much as the average manufacturing employee. For the top tier of American CEOs, the ratio is now 475:1 and would be vastly greater if assets, in addition to income, were taken into account. By way of comparison, the ratio in Britain is 24:1, in France 15:1, in Sweden 13:1.

[Surya Gayatri]

1. Shocking proof of corporatism gone mad...

Collosal outrage, which has transformed the US into the greatest debtor in world history. When & if China cashes in its chips and switches to the euro, things could collapse very quickly. The center will not be able hold and the social fabric will shred. SG

[yurbud]

2. vote this one up--this is what hollowed out our democracy

[sasha031]

3. I read Perkins book last week

it is a must read,


this is obsene...
-Back in 1980 the average American chief executive earned 40 times as much as the average manufacturing employee. For the top tier of American CEOs, the ratio is now 475:1 and would be vastly greater if assets, in addition to income, were taken into account. By way of comparison, the ratio in Britain is 24:1, in France 15:1, in Sweden 13:1.

I am delighted to see Latin America now has hope,

[katty]

4. great read-went to one of his talks

[sasha031]

6. did you, must of been fascinating

i checked out his web site, spoke at Harvard last wk, but only for students.

[Uncle Joe]

11. I am just curious

is that picture of Bush being kissy poo with Abramoff for real, or is that from the Saudi Prince kiss?

[mike_c]

5. Confessions of an Economic Hit Man is a awesome book....

Frankly, I'm surprised that Perkins is still alive.

[katty]

7. yea, me too...he has some powerful connections-my sense

is he has some extremely behind-the-scenes protection.

[Nothing Without Hope]

8. K & R. Truly chilling - we need to get this publicized. The Bushies have

demonstrated constantly who they care about and who they would willingly leave to starve...or drown. And yet he's seen by all too many as a "good guy to have a beer with."

Thannks for posting this, though it is a nightmare.

[Clara T]

9. kick for info

[cliss]

10. That was a GREAT article. Thankx

for posting. Although I have to admit I was a little disappointed in the title of the article, "predictions of an Economic Hit Man".

All I could see was 1 prediction. Mr. Perkins mentions that Central and South America are moving towards the left, and this will have "implications for generations to come". I was hoping he would have some juicy information about Bush and his Criminal Cronies.

But the book may have more info....