Today was the National Campus Day of Action for disclosure by Farallon Capital Management. Here at Yale that meant a satirical protest by Yale Student Shareholders for Aggressive Management of the Endowment (Yale SHAME), chanting “Profits over People!” and calling on Yale to invest in privatizing and selling off Yale’s resources in the manner that its clients have exploited natural resources around the globe. We then took matters into our own hands by marking trees on cross-campus to be felled and setting up equiptment to drain and sell the water from the Women’s Table.
Pictures and quotes are on-line here.
Greg Palast’s column on the Blackout is a must-read – as is his book, which, ironically, I finished while trapped on a train for 11 hours outside of New Rochelle during the blackout. A selection:
Is tonight’s black-out a surprise? Heck, no, not to us in the field who’ve watched Bush’s buddies flick the switches across the globe. In Brazil, Houston Industries seized ownership of Rio de Janeiro’s electric company. The Texans (aided by their French partners) fired workers, raised prices, cut maintenance expenditures and, CLICK! the juice went out so often the locals now call it, “Rio Dark.”
So too the free-market cowboys of Niagara Mohawk raised prices, slashed staff, cut maintenance and CLICK! — New York joins Brazil in the Dark Ages.
Californians have found the solution to the deregulation disaster: re-call the only governor in the nation with the cojones to stand up to the electricity price fixers. And unlike Arnold Schwarzenegger, Gov. Gray Davis stood alone against the bad guys without using a body double. Davis called Reliant Corp of Houston a pack of “pirates” –and now he’ll walk the plank for daring to stand up to the Texas marauders.
So where’s the President? Just before he landed on the deck of the Abe Lincoln, the White House was so concerned about our brave troops facing the foe that they used the cover of war for a new push in Congress for yet more electricity deregulation. This has a certain logic: there’s no sense defeating Iraq if a hostile regime remains in California.
Sitting in the dark, as my laptop battery runs low, I don’t know if the truth about deregulation will ever see the light –until we change the dim bulb in the White House.