Tag: profits

The Coalition’s pandemic: fantastic for profits, woeful for wages

Over the 12 months to the end of March 2021, wages rose by a dismal 0.72%. That’s according to recent data from the Australian Bureau of Statistics (ABS). Well, naturally, it has been a disastrous year for everyone, we might say in response, and this is only to be expected. We would be wrong. The year to March was a superb year for Australia’s corporate profits, which the same source said soared 12.1%.

Source: The Coalition’s pandemic: fantastic for profits, woeful for wages

Public Health and Private Profits Under COVID-19 Pandemic – CounterPunch.org

Public Good what’s Public Good? (ODT)

So will the COVID-19 vaccines also sell like the flu vaccine for $20 a shot—bankrupting poorer countries to protect their people? Or will we follow what Salk said about the polio vaccine—that it belongs to the people? The U.S. position is clear: vaccines belong to companies even if their research was publicly funded. And if other countries wish to compulsorily license a successful vaccine using the pandemic exception of WTO/TRIPS rules, the U.S. can still use USTR Special 301 and Super 301 sanctions against them as they are threatening to do with India. And as we know from the history of U.S. sanctions, the U.S. believes that it has a right to sanction any country in the world, even if such sanctions violate international humanitarian law.

via Public Health and Private Profits Under COVID-19 Pandemic – CounterPunch.org

‘Execution of Saddam Hussein wasn’t about justice, but about US profits

Executioners putting a noose around former Iraqi President Saddam Hussein's neck moments before his hanging in Baghdad December 30, 2006. (Reuters / Al Iraqiya)

Executioners putting a noose around former Iraqi President Saddam Hussein’s neck moments before his hanging in Baghdad December 30, 2006. (Reuters / Al Iraqiya)

The former Iraqi ruler Saddam Hussein was not executed as justice for crimes he committed, but for his opposition to Wall Street, political analyst Caleb Maupin told RT. The auction to sell the piece of rope he was executed with proves that, Maupin says.

READ MORE: Rope used to hang Saddam Hussein on sale for $7mn

RT: The rope is currently in the possession of the ex-national security advisor, could you please tell us how it got into his hands?

Caleb Maupin: The way the execution of Saddam Hussein was carried out, in a way that was meant to foment sectarian violence. It was an execution; it was staged in a formal way. It almost resembled the lynching with people from hostile ethnic groups shouting at him. And the fact that the rope is now on sale is just a further confirmation of the fact that the execution of Saddam Hussein had nothing to do with justice rather it was about profits.

Iraq was invaded because it had a state-owned oil company that was in competition with Wall Street banks and oil companies. And Saddam Hussein was executed not because of atrocities that he committed during the Iraq- Iran war, or any other atrocities he committed. He was executed for standing up to Wall Street and standing up to the forces that are really ruling the world, the forces of money and power.

RT: According to reports, several bidders from Iran, Israel and Kuwait have offered large sums of money to get hold of the rope, what motivations do they have?

CM: When Saddam Hussein was allying with the US during the Iraq- Iran war there were at least a million Iranians who perished as a result of his actions. But at that time he was in an alliance with the US. That is something that is not brought up in US media very often, it is the fact that at one point the US was very close to Saddam Hussein and had an alliance with him.

Reuters / Al Iraqiya

Reuters / Al Iraqiya

However, it is important to point out that this just shows how cheap justice has become, when they are selling the implements of execution, put up for bidding. Profits dominate everything- nothing is really sacred. Look at all the countries the US has invaded whether it’s Iraq, Afghanistan, Libya, Yugoslavia, which suffered from US bombing. Never do they bring stability, never do they bring peace, they bring further chaos and destruction. War is really motivated by profits and this is just a further illustration of that.

The people of Iraq right now live in misery – there is a refugee crisis. At least a million people have become refugees. Hundreds of thousands are dead. This is the result of the US invasion. And now the government that has been put in place by the US invasion is so corrupted that the very implements used to execute Saddam Hussein are up for sale on the internet.

RT: Some activists say that this auction is inhumane and that the money collected should go to charities in Iraq. What’s your take on this?

CM: The whole notion of auctioning off the implements for execution is really perverse and it illustrates what neo-liberalism and capitalism really is. The US said they were invading Iraq to bring democracy. They weren’t really invading Iraq to bring democracy; they were invading Iraq to impose Western capitalism on Iraq and to impose the rule of Western banks over the Iraqi people. And that is what we are seeing here in the Western world, the neo-liberal world, – everything is up for sale, everything is made for profits. You have prisons for profits, you have private police forces, you have mass homelessness and poverty. This is the reality, this is the system that the US was exporting to Iraq, and this is just a great illustration of that system.