Things that get the cogs turning in your brain. An alternative perspective.
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There’s a one-sided war going on between financial elites and the rest of us. They’ve engineered the economy to enrich themselves at our expense, with Wall Street taking the lead.
The numbers don’t lie: In 1970 the top 100 CEOs earned approximately $45 for every dollar earned by the average worker. By last year, it was $1,081 to one. (See The Looting of America.)
There is no economic theory that can explain this obscene gap. It has nothing to do with talent or productivity or even luck. It’s just raw power. And the only thing that financial power understands is countervailing power in the form of a popular mass movement – a movement that only can start once we stop blaming ourselves for the jobs crisis.
We have our work cut out for us.
Huffington Post
mikrin
One thing can explain all of it Luke! GREED!! Thanks for sharing this with us.
discerninglight:
I am tired of hearing the drivel from the main stream press about how the poor and the working are sucking this country dry. I am tired of hearing how CEOs and other execs are suffering with their meager millions while cutting benefits and salary for those who provide the labor/skill to produce.
Paul (Quixote)...
I agree. Greed is the reason for this, but worst yet is that our government seems to support this despit what they claim. The obvious example is the bailout on Wall Street, and the reluctance to help regular folk in need; ending of extension of unemployment benefits and a revised health care program which doesn’t take effect fully for the next couple years; when the next pesidential elections is in full swing. This is all obscene and beyond being unfair.
discerninglight:
We have become all that we ran from just 250 years ago. A ruling class and the fiefdom of near slave labor.
H M Bascom
We also have to stop allowing the Republican politicians to blame it on us. There must be a fundamental shift in philosophy in this country before there will be any lasting change. There is a belief that if one just works hard and does the right thing then prosperity will be yours. This is the biggest bunch of hooey ever sold. Many hard working people who do the right thing end up in debt, on the streets, and finally dead leaving debts. Working hard only makes you old before your time, and if you play the system maybe you will have a house with a few thousand dollars in equity that the kids can sell to pay for your funeral.
discerninglight:
…and making them richer and richer.
Paul (Quixote)...
To Helen: Unfortunately it is really difficult to tell who is and whi isn’t a Republican or Democrat; they seem to change unifroms when ever it suits them best. The bottom line is that the people’s work is not getting done, and these politicians, ALL OF THEM, continue to rail against the same companies that they take millions of campaign dollars from each year. Remember the uproar about bonuses last year. Well these cmpanies are still giving the same bonuses; maybe in a different form, but it amounts to the same.
These are the same politicians, in the gulf area and in Washington, who are rewarded by BP and other oil companies, and now pretend to be outraged about the oil spill in the gulf. Or, outraged at the State of Arizona about profiling, and not about the same profiling taking place in every inner city in this country, and affecting minorities in very negative ways. These are the same politicians who reward big business with tax payer dollars in the Billions, but refuse to help regular folk who are unemployed and those who continue to lose their jobs, because businesses refuse to hire these persons seeking jobs who are unemployed.
I continue to have a disdain for all politicians, and I don’t see any change. It is business as usual. The faces change, but to method of governance remain the same.