The Misery-Industrial Complex

How Imperial San Franciscans Loot the Planet
DiFi and Blum: a Marriage Marinated in Money

On April 17, 2009, with the edifice of the global economy rotting under an architecture of monumental greed, war deficits, and official hubris, the University of California, Berkeley conducted a groundbreaking ceremony for its Richard C. Blum Center for Developing Economies.  Before a throng of students, faculty, staff, and  PR specialists affiliated with the Center’s new multi-UC campus “Global Poverty & Practice” program, the Blum Center’s namesake was joined on stage by one of the many political heavyweights he counts among his business partners, Al Gore.  The former Vice President praised Blum as a long-time friend and cited the new institute as a key to solving the interlocking problems of global poverty and global climate change, two of the many vexing boogeymen threatening to destabilize the profit-making order.

The economic and political policies promoted by Richard C. Blum and associates, including Senator Feinstein and other leaders of both the Democratic and Republican Parties, have locked nations and peoples across the planet into a system of de facto colonial bondage whereby their lands and destines are controlled by distant, debt-holding banks and hedge funds – among them, Blum Capital Partners, LLC, and Newbridge Capital, LLC, of which Blum was chairman of the Asia investment division for five years.  The result has been what author and UC Irvine sociologist Mike Davis calls a “planet of slums,” where .23 percent of the world population privately owns more than 50 percent of the land, and 85 percent of urban dwellers in the Third World are consigned to living on illegal squats in hellish shanty towns under conditions of grinding poverty.

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