[governance] Facebook spent $4 million to lobby U.S. lawmakers in 2012

[Norbert Klein]

On 26 1.2013 10:48, Guru गुरु wrote:
> On 01/26/2013 10:38 AM, Guru गुरु wrote:
>> [snip]

>> * I would think it axiomatic that global democracy will require a 
>> league of nations and nationalities and not any one having any 
>> pre-eminent position, so it is disappointing (though not surprising) 
>> that we get responses on the list about 'US eminent role/ US 
>> exceptionalism' being good or inevitable. To quote that great 
>> American, Abraham Lincoln "No man is good enough to govern another 
>> man without that other man’s consent", something many Americans on 
>> this list and other nationals favoring US eminence in IG, may want to 
>> ponder about.
>
> also on the same wiki page - http://en.wikipedia.org/wiki/Plutocracy
>
> " When the Nobel-Prize winning economist Joseph Stiglitz 
> <http://en.wikipedia.org/wiki/Joseph_Stiglitz> wrote the 2011 Vanity 
> Fair magazine article entitled “Of the 1%, by the 1%, for the 1%”, the 
> title as well as the content pointed to evidence that the United 
> States is increasingly ruled by the wealthiest 1%. .....  elites like 
> to think of themselves as acting in the collective interest, even as 
> they act in their personal vested interest. 

See also:

    *Davos 2013: Joseph Stiglitz attacks US 'inequality'*

    *Stiglitz: 'Most citizens have not taken part in even mild growth'*
    *The richest 1% of Americans now hold 25% of the country's wealth
    and more needs to be done to boost equality, Nobel Prize winning US
    economist Joseph Stiglitz has said. *
    *http://www.bbc.co.uk/news/business-21183987*

Norbert Klein

> And so what I think you'll end up seeing is social mobility, which is 
> already ;decreasing in the United States, being increasingly squeezed. 
> You see particularly powerful sectors, finance, oil. *I would say the 
> technology sector is going to be next in line, getting lots of 
> government subsidies.*
>
> The scandalously low effective tax rates of the IT transnationals can 
> also be seen as some kind of implicit subsidy ... and 
> measures/experiments like that of the French Govt are required to help 
> correct this situation - by reducing the lobbying power of these 
> corporates and also getting the funding required by governments to 
> support basic societal infrastructure, including soft infrastructure 
> like public education and public health..
>
> regards,
> Guru

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