Thursday, February 25, 2010

American Capitalism Is Not Designed to Create Jobs

American capitalism is designed to MAXIMIZE SHARE HOLDER WEALTH not to create jobs.

Never in the history of the world has so much wealth been transferred to so few for so little work, and the amazing thing is it continues.

Yes, we are having a recovery, but by the evil genius design of our system is that livable wage jobs will not become part of that equation. 

During the years leading up to the CRASH of 08’ the financial industry set up a system (intended or not) to redistribute wealth to the banking class elite from the working classes. They succeeded in transferring massive amounts of wealth and then driving the system into shambles that put EIGHT MILLION families out of work. The wall street geniuses then convinced the governmental class that the fault and damage should be laid on Main Street leading to the bailout of the banking elite class. Over a year later little if any help has arrived on my Main Street. We are being subtly blamed for the crash and punished for our wrong doing.

This is CLASS WARFARE in its most insidious disguise.  The U.S. citizenry has been complicit in the largest and quickest transfer of wealth in the history of the planet. Jobs will not be coming back any time soon as our system is meant to reduce costs and increase profit not make jobs.

So if you can make l=oodles of money with no employees why hire the pests? U.S. financial institutions are again wealthy enough to hand out massive bonuses, while families struggle against their own economic self interest to stay in their homes, borrowing against hope and destroying their financial futures.

Low wage, no benefit jobs will become the norm. Healthcare, if it is not fixed now, will become a privilege for the rich and all others will die early and hard.

Profit over people is NOT a sustainable governance method.

One doesn’t have to look too far back to see what happens when the government no longer serves the people. When the USSR unraveled, the USSR central government lost its credibility because it could not serve even the basic food and shelter needs of the masses. Orders were given and bureaucrats, soldiers and police refused because their mothers, fathers and brothers were in the crosshairs. The undoing of the USSR was a civil disobedience action that rivals the one led by Mohandas Gandhi in India.

Government unraveling can happen here in the United States. It will be assured if more livable wage jobs are not forthcoming, but our system is not made to make jobs but to transfer wealth and that’s its fatal flaw, that we must fix. How do we convince our lawmakers to take a hard look. They usually just react when crisis cannot be avoided. So maybe when bands of highly educated, unemployed, undernourished and drug addled young citizens take to the streets we might have some change, or at least some fun.

PS I am not without hope. I formed another LLC yesterday, but as a small business owner I guess that I might be making maybe one part-time no-benefit  job for a friend or relative.

No comments:

Post a Comment