Get your money for nothin...global destruction for free

Via: Alternet's "The 10 Worst Corporations of 2008"

#1. A I G

Through credit default swaps, AIG was basically collecting insurance premiums and assuming it would never pay out on a failure - let alone a collapse of the entire market it was insuring. It was a scheme that couldn't be beat: money for nothing.

#2. Cargill: Food Profiteers

The world's food system is broken. Or, more accurately, the giant food companies and their allies in the U.S. and other rich country governments, and at the International Monetary Fund and World Bank, broke it.

For this food regime to work," Raj Patel, author of Stuffed and Starved, told the U.S. House Financial Services Committee at a May hearing, "existing marketing boards and support structures needed to be dismantled.
"The result of these interventions and conditions," explained Patel, "was to accelerate the decline of developing country agriculture.

Thirty years ago, most developing countries produced enough food to feed themselves [CHECK]. Now, 70 percent are net food importers.

#3. Chevron: "We can't let little countries screw around with big companies"

#4. Constellation Energy: Nuclear Operators

#5. CNPC: Fueling Violence in Darfur

#6. Dole: The Sour Taste of Pineapple

#7. GE: Creative Accounting

#8. Imperial Sugar: 13 Dead

#9. Philip Morris International: Unshackled

#10. Roche: Saving Lives is Not Our Business

The financial meltdown and economic crisis illustrated that corporations will destroy even themselves in search of profit.



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