Wednesday, December 24, 2008

Profits > People: Part 1

Christmas is here. In the United States, what is it really about? Is Christmas about worshiping or paying tribute to your god or has it become a capitalists dream?
I argue it has become the latter.

The capitalists (yeah, the 10% that control 71% of the wealth), probably have their eyes glued to the T.V or to their stocks portfolio hoping for the markets to rise or for their corporation to bring enough profit to pay for the $9.00/hr workers salary plus a huge profit for them (CEO).

Make no mistake about it, there is nothing wrong about being rich. But being rich and sacrificing someones safety, livelihood or family is not right. Take a few examples: Bernie Madoff who stole 50 billion dollars off of a phony ponzi-scheme. This guy is the definition of what happens when capitalism is unregulated and when President Bush's SEC Chairman is asleep at the wheel. As a result, people are losing their family savings and retirement accounts.

Second example: Wal Mart. Wal Mart just a lost a 640 million dollar lawsuit because they failed to pay employees overtime, worked employees off the clock, and failed to give employees a break. This is just a drop in the bucket for Wal Mart because they're worth around 380 billion dollars! Watch the movie "The High Cost of Low Price" for more Wal Mart wrongdoings.

Over the last 8 years we've watched workplace safety decrease and workplace deaths increase, wages decline for the middle and poor class while wages rise for the wealthy 5%, factories being sent overseas as our trade deficits widen every year while sweatshops in China become common, and labor union membership plummet!!

Objective complete for President Bush and his allies. (Well almost, Enron got caught)..BUT anyway, the Bush Crime Family have single handily taken the United States into a corporation-dominated state, (Fascism).
Example: AIG and JP Morgan needed a couple billion, when and how much? and sure here you go! But John the union pipe fitter just got laid off and Cindy the accountant just lost their jobs and won't be able to buy Christmas presents- too bad find a job this isn't socialism, says Bush and his allies.

So on this rainy Christmas eve night, how could these few capitalists at the 'top' sleep at night knowing that they've sacrificed millions of Americans well being?

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