This blog is about living the American Dream at the dawn of the new millennium! I am a nameless, mid-20s, bottom 150 Law School Graduate who finds himself marginally attached and awash in a sea of overeducated but underpaid, indentured peers who feel, and were, duped by the promise of a better life through debt and modern chemistry. Let's get to the point. The Law School Industrial Complex is a scam that has destroyed a generation out of greed. Vendettas were once legal and the pursuit of one was seen not only as moral, but necessary. This newly minted lawyer is going to continue the practice. DON'T GO TO LAW SCHOOL YOU MORONS! Ce qui suit est ce qui reste!

Friday, June 10, 2011

Now They're Going to Screw the Africans, Again

You know, a lot of the scambloggers and other students facing 6 figure debt are rightly pissed at being defrauded and indebted by the unprosecuted criminals in the Cartel/Higher Education Industrial Complex.


But this really puts it into context for me at what the future holds, not just the DOE coming with SWAT teams to collect on your defaulting ass.


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Not content to only ruin/run the lives of the indentured educated on this continent, now the ivory towers are going to be waging war on literally some of the poorest people on the planet.

Here's the full story


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Harvard and other major American universities are working through British hedge funds and European financial speculators to buy or lease vast areas of African farmland in deals, some of which may force many thousands of people off their land, according to a new study.

My first thought is why the fuck does Harvard and other universities want to own land in Africa?  Then I realized....

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This is a fascinating development.  I'd be willing to bet you a shiny buffalo nickel that at some point in the future you're going to see universities using these massive land purchases as "real world laboratories" for their students in the fields of agriculture, biology, international development, etc.  Or they may not be that inventive, and just use it as a major money making venture for the coming food shortage. 

Hey! Why don't we use the same techniques with food production that we used with financial products and derivatives!!! Nothing bad happened because of that!!!

The new report on land acquisitions in seven African countries suggests that Harvard, Vanderbilt and many other US colleges with large endowment funds have invested heavily in African land in the past few years. Much of the money is said to be channelled through London-based Emergent asset management, which runs one of Africa's largest land acquisition funds, run by former JP Morgan and Goldman Sachs currency dealers.

Researchers at the California-based Oakland Institute think that Emergent's clients in the US may have invested up to $500m in some of the most fertile land in the expectation of making 25% returns.

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I also guaran-fucking-tee you that they will use the same kind of spin and public relations language the King Leopold of Belgium used when describing his raping and pillaging in the Congo.  Oh wait here we go...

Emergent said the deals were handled responsibly. "Yes, university endowment funds and pension funds are long-term investors," a spokesman said. "We are investing in African agriculture and setting up businesses and employing people. We are doing it in a responsible way … The amounts are large. They can be hundreds of millions of dollars. This is not landgrabbing. We want to make the land more valuable. Being big makes an impact, economies of scale can be more productive."


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Yes, because American Universities have done such a fantastic job "investing" and "employing" their own graduates at home I'm sure we should be exporting it.  You know Subprime regularly covers financial data and commodities like gold and silver etc.  I thoroughly enjoy reading those posts as well as his perspective. 

However, all of that shit is worthless compared to the coming fight for basic Food and Water.  Similarly, in Africa this has been going on for years to little or no attention being paid.

I'm just fascinated by the universities getting in on this as well.  I guess it would be similar to defense contractors in the military industrial complex like Lockheed Martin expanding beyond their big moneymaker into other markets and products.  I mean Harvard is going to be launching it's own fashion line.

So where does business end and education begin in today's world? 

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"We have seen cases of speculators taking over agricultural land while small farmers, viewed as squatters, are forcibly removed with no compensation," said Frederic Mousseau, policy director at Oakland, said: 

"This is creating insecurity in the global food system that could be a much bigger threat to global security than terrorism. More than one billion people around the world are living with hunger. The majority of the world's poor still depend on small farms for their livelihoods, and speculators are taking these away while promising progress that never happens."

Till Next Time!!!  We are all pawns on a chess board!!!

7 comments:

  1. Truely frightening.

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  2. I tell you its no wonder them people in africa fucking hate us with the way we screw them over and laugh. Good old capitalism does it again.

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  3. I'm not surprised that American universities are going to pillage Africa in the same way the European colonizers did. If you live near a university, you know that they can be the worst neighbors: They abuse eminent domain to take people's homes and businesses away from them in order to get the real estate. That's essentially what NYU has done in the East Village and the Lower East Side, and Columbia has done in Morningside Heights and West Harlem. And Harvard basically took land in formerly working-class neighborhoods across the Charles River from their campus, and have left rat-infested holes in its wake.

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  4. This is appalling. Yet, industry defenders and cockroaches on JDU will tell us that these "inve$tment$" will improve the value of the land, which will (somehow) benefit the average African farmer, small business owner, and family.

    In the final analysis, it is CLEAR that American universities and colleges are profit centers. Look at the size of the endowments. Take a look at the bloated administration, and executive compensation. There is NO REASON for a president or COO of a a decent, medium-sized liberal arts college to make $500K or more per year.

    These schools are not benefiting society by pumping out tons of Film and Philosophy majors. Sure, these kids may learn some sort of "critical thinking skills." However, will this really benefit them, when they are punching movie tickets, pumping gas, pouring lattes, making Subway sandwiches, and working as busboys at Applebee's?!?!

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  5. Least we forget the other side of the equation: The Bushes bought 100000 acres over the larges fresh water aquafer in Paraguay.

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  6. I don't know; some schools are land-thieving scumbags, and others were built on cheap land in areas that went south when the local widget factory rolled over and died. Temple University in Philadelphia might be a mix of both, because the area didn't look as ghetto-y in old photos of that part of Broad Street, but in the 2000s their neighborhood was full of boarded-over rowhouses, abandoned storefronts, and Chinese food joints with bulletproof glass so the counterperson never was in contact with the customer. The area around San Diego State is a slumlord's paradise; there have been a number of busts by the feds for overcrowding (i.e. every room has somebody living in it, even a coverted garage.) I guess stuff like the previous is the "education industry's" version of the toxic waste dump.

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  7. All of this makes me think of the old US social: "Town and Gown" concept.

    It was actually a very sacred and nationwide held belief.

    As in: The University, or "Gown" all across many a small town in America, was the superior institution, and the Town people that all serviced that University, were inferior and from a lower socioeconomic class, were all a bunch of shitheads.

    Anyway, I hope youse can see what I am driving at:

    Government Student Loan handouts helped keep the University Gown class to thrive for the last 2 decades or more, at the expense of the other class, the Town taxpayers.

    All the easy money over those years gave rise to a lot of frivolous sabbatical scholarship efforts.

    Efforts that can, in hindsight, be called Capitaliistic, Junk food intellectual thought, drummed up by narcissistic University minds that thought the student loan gravy train would run on forever, and ever and ever.

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