Ok I have a really stupid question about the bailouts already enacted and the expected auto bailout to come:
As I understand bad business decisions have resulted in financial institutions being unable to lend, which has resulted in corporations being unable to borrow to make up for losses resulted from their own bad decisions, which has resulted in a the loss, or threat of loss, of jobs for working people, and this has resulted in severely reduced demand for goods. The result is a vicious cycle where the latter results in the weakening of the former at each turn.
Governments have responded by feeding money, gathered from the bottom of the cycle, to the top.
My stupid question is: why don’t they just give us, the people, money instead?
25/07/2009
Connecting The Dots: Mining, the Philippines, and Canada
Posted by alexfelipe under Canadian Politics, Commentary, The Philippines | Tags: bill c-300, corporate social responsibility, economy, human rights, mining, philippines, poverty |[3] Comments
I am not a gold person. This didn’t start with any activism, or with any real reason other than the fact that I’m just not a jewelry person period. I simply have never felt the desire for shiny that most people seem to possess.
Now that I know how the extractive process affects people (including those that look like me), I consider myself lucky.
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