Friday, December 23, 2011

1646 Naked Greed

Open letter to Capitalism.
Dear Capitalism,
I believe in you. I think you are the best system to come down the pike in, like, forever. But every now and then you get taken over by capitalists who don't know their backside from a crater in the ground. Or the economy.
You get overtaken by naked greed. People making money off derivatives of money rather than production of goods. People stripping companies of the kinds of things that make for loyal workers producing quality goods.
So to those shortsighted capitalists reaping the rewards of slash and burn capitalism, a word of warning: Capitalism was once headed for a similar fall. Back in the days of a grouchy guy named Marx, capitalism wrung extra money out by bleeding their laborers dry. It got so bad that the 99% nearly rose in a universal revolt that destroyed capitalism for a long time...
Its replacement was even worse. Communism.
But a funny thing happened. The revolt didn't occur as predicted. Why? Because capitalism got smart. It discovered consumerism. Turns out the top 1% couldn't possibly buy enough goods to make truly huge profits.
Solution? Pay the workers more. Create a middle class. Expand the middle class. Expand the hopes, dreams, and aspirations of the middle class. Bring the lower class up to the middle class. Expand your markets for goods. Make even more profit.
Are you listening 1%? You've been going the wrong way too long again. The pendulum needs to swingtoward steady, well-paying manufacturing jobs, generous benefits, and yes, pensions that you actually pay.
Not just because it’s the right thing to do to reward your loyal workers for decades of service. But because pension funds can be the capital from which your fellow capitalists borrow to build even more profit-making engines of wealth.
And get an even greater percentage of money for you.
Sincerely,
America, ya gotta love it.

No comments: