Tuesday, June 16, 2009

The GE Octopus






In 1901, legendary muckraking journalist Frank Norris wrote The Octopus, about Standard Oil's chokehold on the California economy.

Today, we need new muckrakers to make sense of a whole new wave of corporate scandals, most of which involve big business getting into bed with big government. A case in point is Jeff Immelt's relationship with Barack Obama, and, more to the point, General Electric's relationship with the US government.

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