Monday, February 27, 2006

Even More Corporate Axis of Evil

by Tom Bozzo

1. Paul Krugman: Graduates Versus Oligarchs (Times Select subscribers):
The idea that we have a rising oligarchy is much more disturbing. It suggests that the growth of inequality may have as much to do with power relations as it does with market forces. Unfortunately, that's the real story.

Should we be worried about the increasingly oligarchic nature of American society? Yes, and not just because a rising economic tide has failed to lift most boats. Both history and modern experience tell us that highly unequal societies also tend to be highly corrupt. There's an arrow of causation that runs from diverging income trends to Jack Abramoff and the K Street project.
Additional excerpts at Economist's View.

2. NYT: Army to Pay Halliburton Unit Most Costs Disputed by Audit:
The Army has decided to reimburse a Halliburton subsidiary for nearly all of its disputed costs on a $2.41 billion no-bid contract to deliver fuel and repair oil equipment in Iraq, even though the Pentagon's own auditors had identified more than $250 million in charges as potentially excessive or unjustified...

Under the type of contract awarded to the company, "the contractor is not required to perform perfectly to be entitled to reimbursement," said Rhonda James, a spokeswoman for the... United States Army Corps of Engineers... where the contract is administered.
If the issue with the Halliburton contract is "imperfect" performance, then I'm an oligarch.

(Observations pertaining to this post.)
I used to get confused between the Corporate Axis of Evil and the Evil Minions of Freedom until I realized they're the same.

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