Dow Chemical is to buy Rohm and Haas in a multibillion dollar deal financed by investment banks with a proven track record of inimical operation in the marketplace of current memory a la former senator, Phil Gramm.
The deal will also be financed by the Kuwaiti Finance Authority and Berkshire Hathaway.
The chemical industry's equity prices are floundering under deflationary pressure of energy price inputs--oil--creating the environment for a continuous consolidation of power by deliberately organized (political) means, specifically, by cartel.
All seems innocuous enough, free market enough, buying and selling assets in the marketplace.
No! This is a free-market fraud! Consolidation to improve profit margin is not to be financed, it is to be prevented in priority by allowing financing to occur only for promoting pluralism that avoids the crisis of consolidated capital and markets we are currently in; the crisis that the Fed says it needs "the tools" to centrally manage to "allow" it to happen instead of preventing it. Allowing for crisis is the source of the problem, not the solution.
When the fundamentals, the obvious, is being ignored for complex regulatory schemes to manage the natural retributive value, you know you are in big trouble!
The predictable result of this kind of free-market fraud is the false rejection of free market economics to produce the general welfare. The crisis of evermore consolidated capital will result in state ownership and an arbitrary and capricious exercise of an elitist model of power that will make the free-market fraud look like a babe in diapers.
The tools for crafting our perpetual peace and prosperity are there, we just need to start using them, and the craftsmen are not Phil Gramm, Ben Bernanke, Henry Paulson, or John McCain.
Pragmatic pluralism is what we need, not the proven inefficiencies and preventable risks of plutocrats.
Obama 2008!
Very best wishes.
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