Chapter 29 and Chapter 30 Summary and Analysis

The world had just entered into a new era of economics that was set in motion by Robernt Mcnamara. The EHM concept was expanding and the new breed rose up to believe that "any means justified an end" and thus the "global empire was simply a pathway to increased profits." When PURPA (Public Utlitiy Regulatory Policy Act) was passed in 1978, deregulation took off. The emphasis of PURPA was really for small businesses and entrepreneurs and to find ways to get off oil dependence. However, power giants swept in, bought out smaller companies and created holding companies to maximize their profits. Everything was taking a back seat to greed, and private businesses were making the most money. They were ruthless and ensnared communities and whole countries by promising affluence, building schools and donating phones and medical services. Then...