Jack Saturday

Tuesday, May 23, 2017

Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1615-1617

From energy to pharma, from the shale gas boom to lucrative lifesaving drugs, public research has everywhere laid the foundation for private profit. And the industry that produced Juicero has been an especially big beneficiary of government largesse. The advances that created what we’ve come to call tech – the development of digital computing, the invention of the internet, the formation of Silicon Valley itself – were the result of sustained and substantial government investment. Even the iPhone, that celebrated emblem of capitalist creativity, wouldn’t exist without buckets of government cash. Its core technologies, from the touch-screen display to GPS to Siri, all trace their roots to publicly funded research.
[emphasis JS]

At the corporate level, tens of billions of dollars go in  subsidies to the fossil fuel, fishing, and agricultural industries. Fossil fuel subsidies may be much, much more. The  IMF reports U.S. fossil fuel subsidies of $502 billion, and according to  Grist, even this is an underestimate.
5 Ways Rich People's "Entitlements" Cheat You and Me
By Paul Buchheit

 The top 1 percent took more than one-fifth of the income earned by Americans, one of the highest levels on record since 1913, when the government instituted an income tax.
The Rich Get Richer Through the Recovery
September 10, 2013
New York Times


Post a Comment

<< Home