Monsanto Trickbag 101

Use a GMO contaminated bag of conventional seed, get sued for patent infringement. By the way, expect contamination.
It’s a setup, the game is rigged, the fix is in. Monsanto sues if its agents find the company’s patented gene in your crop, even if you never bought its genetically engineered (GMO) seeds. But does that mean diddley squat to Monsanto?
No. Here is a bit of logic, Monsanto style:
If the plant is found in your possession, then that means you have used the seed. If you have used the seed, then you have agreed to the technology use agreement, and owe Monsanto your crop, your seed and your profits. It doesn’t matter how the seed actually arrived in your possession.
Just ask Percy…


This post was published at FarmWars on August 31st, 2014.

It’s Not Just Politics That’s Broken–The Status Quo’s Model of “How the World Works” Is Broken

The Status Quo is dysfunctional because its model of how the world works is broken.
Much has been written about the dysfunction in Washington D. C. Pundits have been wringing their hands for years over the rise of bitter partisan politics and the resulting gridlock. The impact of this–what I have termed profound political disunity–extends beyond the narrow confines of domestic politics, a reality reflected in Foreign Affairs new survey of our winter of political discontent, Dysfunction Junction.
But all these discussions of our dysfunctional politics ignore the larger truth, which is the entire model of the Status Quo is broken. Even if reformers succeeded in ridding the political system of cronyism and favors-for-campaign-contributions–two essentially impossible reforms, given the legalistic cover provided for cronyism and bought and paid for representatives, the basic model of “how the world works” that dominates the world-view of leaders across the political spectrum would remain broken. There are only three alternatives: 1. The current gridlock continues, and the policies in place grind on with minor tweaks.
2. The Democrats win a sweeping victory and are able to unilaterally impose their reforms.
3. The Republicans win a sweeping victory and are able to unilaterally impose their reforms.

This post was published at Charles Hugh Smith on MONDAY, AUGUST 25, 2014.

Obamacare: Cronies are Raking in the Money

Feds spent $5 billion to get state Obamacare exchanges operational.
Maryland, Massachusetts, Oregon and Nevada have gone through nearly a half billion dollars building inoperable Obamacare websites for vastly overpriced state exchanges. For government, though, nothing succeeds like failure, especially if it rewards selected partners in crime, so the feds will continue with little resistance to pour millions of dollars more down these rat holes.
In total, as of February, 14 states have received federal money to get Obamacare exchanges up. California alone received a whopping $1 billion to set-up its exchange.

Read more …

Crony Congress

Did you know 47% of Congress members are millionaires?  And while in office they have all kinds of advantages to make them even richer while they’re in office:

  • Access to private information prior to key activities that make them money in the stock market
  • Earmarks placed in law codes to support their personal projects
  • Support for lobbies ensures they have cushy jobs after their “public service” is finished


How We’ve Devolved into the Current System of Crony Capitalism

In this interview with Bill Moyers, David Stockman, who first coined the term Crony Capitalism, explains what’s happened in the political-economic realm since his post as Budget Director under Reagan. The evidence that we’ve embarked on a “new system” has become more obvious with time. Beginning with the $20 billion bailout of the Mexican peso in 1994, progressing with the bailout of Long Term Capital Management in 1998 and the recent bailout in 2008 with the $700 billion Wall Street package, Stockman explains that the benefactors are not limited to those being bailed out. The investors who financed those failures are the ones who’ve really benefited.  These are the so-called cronies, who have ties to those in high positions, capable of bending laws to ensure the majority of profits go to themselves, while losses are always taken by the tax payers.