British Petroleum is 15% of total dividends paid out in Britain
The financial impact of BP’s Gulf of Mexico oil spill is set to hit millions of pension fund investors in the UK. Almost every pension investor has a stake in BP’s fortunes, as the oil giant accounts for £1 of every £7 of dividend income paid out by the companies in the FTSE 100 index of leading shares. There is a real threat that the BP dividend will be cut or even passed. (via BP — Is your pension safe? – Times Online).
Snatching defeat from the jaws of victory
This is a strange situation. People seem to want more of the same problem. Europe, and the West, rightly identified the State and the Church as a problem. They have taken nearly 500 years to bring the Church and State to heel. Just when it seemed that they may have succeeded, they stepped up to the podium and handed back all the power, the authority.
Back to the State – for transient Welfare ‘benefits.’
The beast just changes its name
The State has ‘bought’ this loyalty by making itself appear as sometimes ‘caring’ usually ‘benign’ and mostly ‘protective.’ False illusions all! Under the umbrella of the this monolithic State, we see today large semi-State corporations which are separated from the State by a ‘Chinese-Wall’. And we have seen how strong these Chinese walls are!
To hide the nature of the beast, it has given itself different names – socialism, capitalism, communism, et al. Not just that, this beast has also cloned itself.
And gained respectability, it does not deserve.
BP is just a part of the State
BP is one such creature. Of the State, for the State, by the State. Yet it hides this fact. And the British don’t seem to have an option. BP has co-opted the British populace – as it alone accounts for nearly15%of all dividends paid out by British companies – to its ‘shareholders.’ These models of polity must be consigned to the garbage dumps of history.
That is where they belong.
- BP to resume dividend payouts next year (newstatesman.com)
- Gulf of Mexico Spill British Petroleum’s latest Catastrophe (news.suite101.com)
- America the Litigious (blogs.lawyers.com)
- Is It Finally Safe to Own BP? (beta.fool.com)
- Fraud pollutes BP oil-spill compensation fund for Gulf Coast victims from Florida to Louisiana (miamiherald.com)