Dumping of toxic waste in the UK
Between 1965 and 1972, Monsanto paid contractors to illegally dump thousands of tons of highly toxic waste in UK landfill sites, knowing that their chemicals were liable to contaminate wildlife and people. The Environment Agency said the chemicals were found to be polluting groundwater and the atmosphere 30 years after they were dumped.
The Brofiscin quarry, near Cardiff, erupted in 2003, spilling fumes over the surrounding area, but the local community was unaware that the quarry housed toxic waste.
A UK government report shows that 67 chemicals, including Agent Orange derivatives, dioxins and PCBs exclusively made by Monsanto, are leaking from one unlined porous quarry that was not authorized to take chemical wastes. It emerged that the groundwater has been polluted since the 1970s. The government was criticised for failing to publish information about the scale and exact nature of this contamination. According to the Environment Agency it could cost £100m to clean up the site in south Wales, called "one of the most contaminated" in the UK.
Revolving Doors from Global Corparates and Banks and Government in G8 countries welcome to the Brave New World of Fascism!
The first cut and Paste regarding dumping of Toxic waste could equally be a metaphor for the dumping of Toxic Assets into Dummy Banks to be left in Public Ownership when Banking Profits Fresh with the new seeds of QE Fiat money brought into existence with Public Debt , continue to enjoy Huge Private Profits.
There is an Urgent need for new Anti-Trust Laws. When I was a teenager I wanted to start a Band called Implicit Collusion. Lets Goógle It.
Collusion is largely illegal in the United States, Canada and most of the EU due tocompetition/antitrust law, but implicit collusion in the form of price leadership and tacit understandings still takes place. Several examples of collusion in the United States include:
- Market division and price-fixing among manufacturers of heavy electrical equipment in the 1960s, including General Electric.
- An attempt by Major League Baseball owners to restrict players' salaries in the mid-1980s.
- The sharing of potential contract terms by NBA free agents in an effort to help a targeted franchise circumvent the salary cap
- Price fixing within food manufacturers providing cafeteria food to schools and the military in 1993.
- Market division and output determination of livestock feed additive, called lysine, by companies in the US, Japan and South Korea in 1996, Archer Daniels Midland being the most notable of these.
- Chip dumping in poker or any other high stake card game.
There are many ways that implicit collusion tends to develop:
- The practice of stock analyst conference calls and meetings of industry participants almost necessarily results in tremendous amounts of strategic and price transparency. This allows each firm to see how and why every other firm is pricing their products.
- If the practice of the industry causes more complicated pricing, which is hard for the consumer to understand (such as risk-based pricing, hidden taxes and fees in the wireless industry, negotiable pricing), this can cause competition based on price to be meaningless (because it would be too complicated to explain to the customer in a short advertisement). This causes industries to have essentially the same prices and compete on advertising and image, something theoretically as damaging to consumers as normal price fixing.
Franklin D. Roosevelt
|“||The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or by any other controlling private power.||”|
— Franklin D. Roosevelt, "Message from the President of the United States Transmitting Recommendations Relative to the Strengthening and Enforcement ofAnti-trust Laws"