Whenever politics talks deregulation, I hear the whine of teenagers telling their parents, "I'm old enough and I know what I am doing". Age alone does not bring wisdom and good judgment. Right now, the Lord of the Flies is not longer a story about little boys, it is about our politicians, corporate leaders, .Supreme Court Justices, lobbyists, and all sorts of people who now have 'power'.
What has happened to our country is that we have allowed the immature and the incompetent to call the shots for far too long. Greed is rarely accompanied by good judgment and maturity of thought and values. Greed has taken over financial planning for the country. It has done away with regulations which had worked to keep us a three class system, the middle class being the largest Today we are a two-class system, 1% has the largest amount of money and the other 99% struggles to keep from being lost in the poor class.
As Rome was not built in a day; as our FBI continues to hunt its #1 criminal (Whitey Bulger), so will it take time to smoke out the greediest among us. The financiers, capitalists, speculators, and corporate leaders must eventually be outed for their lack of concern for the economy of the United States and will eventually see that they cannot survive without the rest of us. Just remember what happened to the country when the New York City trash collectors went on strike a few years ago.
Showing posts with label corporate greed. Show all posts
Showing posts with label corporate greed. Show all posts
Thursday, June 23, 2011
Tuesday, November 3, 2009
THE CREED OF THE CEO HAS BEEN: IN GREED WE TRUST
Without a doubt there are very reasonable articles written to convince us that less government interference is to be desired. However, those who make the suggestions are assuming that children will not revert to behavior as in the novel Lord of the Flies.
Those of you who realize that adults revert to being young boys when there are no rules, enforcement of laws, or reason of safety to remain within them can consider the lesson the same as history. Those who choose to ignore history are doomed to repeat it. During the last 8 years we watched Greenspan allow an economic climate to run totally out of control.
CEOs are paid too much for what they do; too much more than their average worker By F. John Reh, About.com. Reh wrote: "According to Business Week, the average CEO of a major corporation made 42 times the average hourly worker's pay in 1980. By 1990 that had almost doubled to 85 times. In 2000, the average CEO salary reached an unbelievable 531 times that of the average hourly worker." This certainly suggests that there was not a conscientious attempt to care for the workers and that the top executives were on a runaway train to wealth so far beyond the common man that those with some morality might have stopped to question the fairness of it all. However, fairness is not an element of greed.
Bringing salaries back into a reasonable perspective is not Socialism, though there are those using that argument. Needless to say, that argument springs forth from the lips of those who have the most to lose if morality and fairness once again became part of the corporative world.
Those of you who realize that adults revert to being young boys when there are no rules, enforcement of laws, or reason of safety to remain within them can consider the lesson the same as history. Those who choose to ignore history are doomed to repeat it. During the last 8 years we watched Greenspan allow an economic climate to run totally out of control.
CEOs are paid too much for what they do; too much more than their average worker By F. John Reh, About.com. Reh wrote: "According to Business Week, the average CEO of a major corporation made 42 times the average hourly worker's pay in 1980. By 1990 that had almost doubled to 85 times. In 2000, the average CEO salary reached an unbelievable 531 times that of the average hourly worker." This certainly suggests that there was not a conscientious attempt to care for the workers and that the top executives were on a runaway train to wealth so far beyond the common man that those with some morality might have stopped to question the fairness of it all. However, fairness is not an element of greed.
Bringing salaries back into a reasonable perspective is not Socialism, though there are those using that argument. Needless to say, that argument springs forth from the lips of those who have the most to lose if morality and fairness once again became part of the corporative world.
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