Saturday, November 6, 2010

Bill Moyers Article - Highly Recommended

I came across a recent article by Bill Moyers which I highly recommend. The article is based upon notes for a speech delivered as part of Howard Zinn Lecture series at Boston University. In it, Moyers describes the current US governing system as a plutocracy or plutonomy and provides the historical context that shows how this state of affairs has come about. One fact I found especially interesting was Karl Rove's early fascination with Mark Hanna to whom the following quote is attributed:

"There are two things that are important in politics. The first is money and I can't remember what the second one is".

In the Moyer's article he describes increasing profits at Harley-Davidson mostly due to job cuts:

"Another story in the Times caught my eye a few weeks the one about Connie Brasel and Natalie Ford. The headline read: "Industries Find Surging Profits in Deeper Cuts." Nelson Schwartz reported that despite falling motorcycle sales, Harley-Davidson profits are soaring - with a second quarter profit of $71 million, more than triple what it earned the previous year. Yet Harley-Davidson has announced plans to cut fourteen hundred to sixteen hundred more jobs by the end of next year; this on top of the 2000 job cut last year."

And just today I saw this story posted on CNN (November 4 2010): Harley-Davidson to build bikes in India

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