Wednesday, April 30, 2014

Numbers tell a story




From the ProPublica story, The Rise of Corporate Impunity,
"[Eric] Holder, who is now the U.S. attorney general, seemed to lament the position government enforcers had found themselves in. 'I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them... If we do bring a criminal charge — it will have a negative impact on the ...economy."
This is an underlying cause for governments and senior civil servants turning blind eyes to economic wrongdoing. It also explains willingness to allow large corporations to exploit public resources with little return to the public.

Apart from favours and rewards owed to resource companies for funding the BC Liberal Party, political leaders are reluctant to make moves that might seem to inhibits the provincial economy. Arguing for their own interests, resource companies declare that taxation, regulation and oversight is restraint. As Enbridge is now proving, coroporations will apply heavy financial muscle and blanket the information marketplace with spin that deflects criticism or damages antagonists.

This was done in recent years to punish the NDP for efforts to tax and regulate natural resource producers. Comparing 2000 to 2010, the value of commodities produced in BC was 13.4% higher in the final year of BCNDP administration than ten years later, according to an inflation adjusted report from BC Stats.

The common assumption of BC voters is opposite, the result of a well executed campaign to advance industrial interests ahead of common good. Just as the international banking industry avoided prosecution for massive fraud, large industries create immunity from rules applied elsewhere in our society.

If you evade taxes, you'll end up in jail. If you don't pay your taxes, you'll have your assets seized. If multinational corporations evade or avoid taxes, they'll earn higher profits and pay bonuses to their executives. Politiians congratulate themselves for astute managment of the economy and Liberals have done that incessantly, assisted by loyalists in the BC Legislative Press Gallery who reading government talking points, not reports from BC Stats.





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9 comments:

  1. Something doesn't compute. I remember before last year's election when industry rep Jim Shepard said the NDP government was so bad in the 1990's that "people left the province looking for work." It's not possible that BC actually produced more in those days.

    Your numbers can't be right or legislative press gallery members like Palmer, Smyth, Leyne, Fletcher et al. would have reported them.

    ReplyDelete
  2. Les--

    You betcha.

    Norm's numbers can't possibly be right...

    And neither, I guess, were those of the GCampbell-created & CClark-decapitated 'Progress Board'...

    (oh, and btw, you forgot the conflictier one, Mr. Stephen Smart)

    .

    .

    .

    ReplyDelete
  3. The last decade and a half has been the great BC ponzi scheme, where the public were sold a bill of goods by the corporate puppets that pretend to be the BC Liberals.

    “If the Main Stream Media tell a NDP lie big enough and keep repeating it, people will eventually come to believe it. The NDP lie can be maintained only for such time as the MSM can shield the people from the political, economic and/or the media consequences of the NDP lie. It thus becomes vitally important for the MSM to use all of its powers to repress the truth, for the truth is the mortal enemy of the NDP lie, and thus by extension, the truth is the greatest enemy of the MSM.”

    We have organized crime running government, no wonder no one has faith in politics anymore. Why vote, change will never happen; the corporate mafia will not allow it.

    ReplyDelete
  4. Norm, as always this is very interesting & an eye opener. Could you please give me a link to these graphs by the government. I will enjoy passing them along as much as I can.

    Guy in Victoria

    ReplyDelete
  5. Sources: revenues from BC Public accounts with adjustment by Bank of Canada inflation calculator, production figures from BC Stats, mining, quarrying, oil and gas graph from StatCan. Except for final item created by StatCan, I created these original graphs from numbers assembled by BC Stats.

    You can download and circulate graphs as picture files using right click.

    ReplyDelete
    Replies
    1. Thanks Norm

      Guy in Victoria

      Delete
  6. those charts are wonderful! even those who can't read or don't want to can get the information! its just so easy. Now if the MSM would just put some of them up on the evening news. Of course that won't happen, but we can hope. Great work and thank you.

    ReplyDelete
  7. "If we do bring a criminal charge — it will have a negative impact on the ...economy."

    Nonsense. A functioning economy depends on the rule of law being upheld. Otherwise you have chaos.

    ReplyDelete
    Replies
    1. Indeed, there was chaos in the American economy when the mortgage/property bubble burst.

      Business magazine Forbes did a multipart series on the failure of financial reform and the continued, dangerous imbalances in the American (and international) financial system. This was part:

      “ 'You can’t scare me if you can’t jail me.'

      "If you were a senior bank executive, you might be tempted to at least entertain that thought. You would certainly be very aware that in the past four years, not one banker has gone to jail for anything that led to the great financial meltdown of 2008-2009."

      Delete

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