In his 1956 book "The Power Elite," New Left sociologist C. Wright Mills detailed how decision-making in the United States is not democratic; it is determined by (1) Wall Street capitalists and large corporations, (2) the Pentagon and military-industrial complex, and (3) the corrupt political class.
globinfo freexchange Speaking at the Greek radio broadcaster Real FM 107,1, the Greek economist, Yanis Varoufakis, revealed the real reason behind the outrageously high natural gas prices, which can't be justified only by the war in Ukraine and Putin's actions to cut supplies to Europe. As he pointed out, the biggest part of the rise of natural gas prices is due to the stock market games. Prices should rise by 80% at most, not 800%. The rest of this hyper-profit is because big companies have already bought quantities of natural gas for the next two years. So, they don't sell it now in order to boost its price and sell it later at much higher price. Yet, the worst part of the story is that these financial games often create bubbles - similar to the Lehman Brothers bubble in 2008 that led to the Wall Street collapse - so we are now to the point where the German government is forced to subsidize big companies with billions, exactly because they play these risky financ