Worker productivity is up, executive compensation is up (exponentially), the stock market & corporate profits are at all time highs. But the share of corporate revenue paid to workers in America is at an all time low. Why did the median income of Americans-which used to keep pace with economic growth-stop growing & then decline? In free markets-labor becomes more valuable when productivity grows & wages track economic growth. Why is this no longer happening? Its no accident. And it has happened because of greed. The U.S. Chamber of Commerce, the American Legislative Exchange Council, front groups for the Corporate Elite like Americans for Prosperity, the Club for Growth, FreedomWorks, & billions in campaign contributions from Corporate Lobbyists have bribed politicians at every level to take away the rights of Americans. The Corporate Elite has taken away political power from ordinary Americans, bought up the major media outlets, formed cartels that allow them to control markets & prices, & taken away the right of Americans to negotiate the sale of their labor. Investors use the scale & expertise of agents (corporations) to get the greatest return possible for their money. But people have had their right to use an agent to get the highest price possible for their labor-through the use of the scale & expertise provided by unions taken away. Its easier to rob people when their rights have been taken from them. Feudalism & slavery were economic systems where workers had little or no rights. Corporate Fascism is another. Tyranny makes theft easier! Nations ruled by dictators/cartels/juntas are much poorer than those with representative governments. Tyrants dont pay their workers much, have little interest in educating the populace, use force to stop people from exercising their rights, & wont spend money to promote the general welfare. Principles NOT Parties
Posted on: Mon, 22 Sep 2014 17:49:51 +0000
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