When 1789 thousands of poor and angry Parisians stormed abhorrent prison of Bastille, symbol of totalitarian regime of King Louis XVI, they were not only demanding liberty, fraternity or death but also slew of reforms which would bring up-to-date archaic legal system into contemporary political and economic reality. One of those demands was to abolish trade, legal, medical and artisan guilds. But why French revolutionaries, would have supported such a move. Surprisingly, their argumentation and motivation seems to bear eerie similarity to today’s harsh critics of guilds and their role in modern society. So let’s examine what guilds are guilty of?
Game over. Almost ten years of hype soon will be over and buried together with billions of tons of contaminated mixture of water, chemicals and broken rocks responsible for devastation of countless communities and ecosystems throughout the US and the world. The bill for this misadventure is coming due while M.S.M propaganda proclaims: it’s OK, there is no problem, since US oil industry made countless billions over the years to weather price slump and cover expenses.
The problem is however, that over last decade and even before, no shale oil fracking companies, never ever, made a cent of profit from shale oil or gas, even at $120 per barrel and definitely not now. It was all Wall Street conceived, developed and driven, game of misleading and pretending, cruel game of illusion and fraud made possible by Feds deliberate ZIRP and QE+ money pump into casino-like, extremely speculative financial instruments, bordering to insanity.
Throughout centuries engineers had to face reality of balancing their professional, technical and scientific judgments with governmental laws/regulations and policies, business/corporate profits and investment interests, technological capabilities and local environmental and economical community needs. In order to keep this balance most of engineers were trained within widest possible engineering breath encompassing all aspects of engineering issues and projects including construction and exploitation phases as well as long-term impact on ecosystem, from point of view of ethics and methodology of natural sciences. Especially emphasizing ethical interpretation of engineering assessment uncertainties.