Tyrants of Technology
century ushered in the age of giant "corporations, banks and securities,
along with a new labor force and capital. It also created new power
centers and new problems, disempowering many thousands. Most people
today do not recall a time when there where no public utilities. Electricity
was controlled by the profit making industry, and served only the wealthy
and fortunate. Millions of less fortunate in rural America, had no such
luxury. They suffered destitution and economic demoralization, until
Roosevelt's 'New Deal' project,
The "privileged princes" of the economic dynasties, thirsting for power, have been taking control of government itself. See The President's cabinet. Creating a despotism and wrapping it in the robes of legal sanction, known as "deregulation". Former President Franklin D. Roosevelt first exposed this same type of tyranny for what it was:
tyrants of our technology thought they could forever control the railroads,
steam, and electricity. The royalists of the economic order have conceded
that political freedom was the business of the Government, but they
have maintained that economic slavery was nobody's business...
The so-called deregulation movement for energy seeks to replace an open, participatory, American system that's been astonishingly effective for nearly a century -- with something conceived and designed in Margaret Thatcher's England and launched there in 1990. A number of countries, including Brazil and Chile, mimicked the British system. And California swallowed it whole. The Power Trip by Greg Palast.
California Energy Crises
is a classic economist's case for monopoly power," said Paul R.
Carpenter of the Brattle Group, a Cambridge, Mass., consulting firm
that provided the expert testimony. Never
in American history had one company had such control over gas distribution
into any region without regulatory checks on its profits, the experts
Airlines Kill Their Competitors, Screw Their Customers, and Get Away