Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, October 10, 2012

Bain Capital & Big Tobacco: Romney’s Firm Profited From U.S.-Russia Cigarette Deals & Privatizations

An explosive report sheds new light on Republican presidential nominee Mitt Romney’s time at Bain & Company, describing how the firm made millions on big tobacco by helping Philip Morris increase its revenues in the United States, and aiding two other tobacco titans to dominate the Russian market. According to the Huffington Post, "Romney’s consultants helped foreign firms and aspiring oligarchs decide how to corral Russia’s riches — including writing a official manual that outlined how best to navigate the process. At the same time, Bain leveraged its contacts with senior Russian officials to arrange sweetheart deals for its tobacco clients." We’re joined by Zach Carter, senior political economy reporter at the Huffington Post.

Video
Source: Democracy Now!
Author: ---
Topics: , , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)