26 Nov '11, 2pm

Italy's new squid-bankster PM mentions "growth" 28 times and energy zero times in his first speech

Italy's new squid-bankster PM mentions "growth" 28 times and energy zero times in his first speech

Let's see, instead, another possible option for leaders: that of "stimulating growth". What does that mean, exactly? In general, it seems to mean to use the taxation system to transfer financial resources to the industrial system. With more money, industries can afford higher prices for natural resources. As a consequence, the extractive industry can maintain its profits, actually increase them, and keep extracting even from expensive resources. But money, as we said, is not a physical entity; in this case it only catalyzes the transfer human and material resources to the extractive system at the expense of subsystems as social security, health care, instruction, etc. That's not painless, of course, but it may give to the public the impression that the problems are being solved. It may improve economic indicators and it may keep resource flows large enough to prevent the c...

Full article: http://www.energybulletin.net/stories/2011-11-26/why-econ...

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