Three American companies, in the wake of the recent great recession, are doing quite well. Apple, Google, and Microsoft all have an enormous amount of money, 40 or 50 billion.
Of the three, only Microsoft felt anything remotely resembling a recession. Apple has sold 37 million I Phones recently; they hardly know what to do with all this profit.
One proposed plan is to pay a dividend to shareholders. The shareholders are doubtless saying "its about time". Three successful corporations, stellar examples of corporate capitalism...but what about everybody else?
Must the American economy ceaselessly swing like a pendulum back and forth between prosperity and depression? Volatile as life/ nature is, does it have to be that volatile? One would think that, considering the genius of our corporate based economic system, there would be greater economic stability, and more general and sustained prosperity.
But, alas...whoever the lowest paid employees of these companies are, perhaps they should be the first in line to share company profits. The shareholders are doing pretty well already, and the board members even better.
An economic system in which teachers make a mere fraction of what entertainers make is obviously ill. Totally privitazed education would only make matters worse, for in america, entertainment is truly valued more than education, sadly.
IN the great pyramid of the american economic system, the current base is broad, and low. Hence, we have a huge poor working class in this country. In a country as wealthy as America, should the working class be poor at all, much less universally poor?
This is the point the Occupy Wall Street movement is trying to make; and it isn't finished...
Please scroll down for the other articles in today's issue of The Truthless Reconciler! Thanks!
No comments:
Post a Comment