Has American Capitalism Learnt Anything?
- Thread starter Spade
- Start date
All a bunch of B.S. games ...For monetary gains at the expense of the slave drones..This has got to change it is unsustainable
Title worded wrong, should be has Capitalism Learnt Anything? Seems that nothing has changed and world Capitalism just keeps moving on. Gotta love that system, keeps on making money.
What is being practiced by many of these companies is not capitalism. Under capitalism these outfits would succeed or fail by their own volition. CEO's and top execs would be loyal and have a vested interest in the success of their companies. Instead, they are run by robber barons, hired guns with a track record of short term successes, who skim off the gravy and leave before the course of action they put into play sinks the ship. Their record is intact, along with their assets, while the poor buggers left behind to plug the holes are left holding the bag.
Unfortunately for some, they didn't abandon ship soon enough. Granted, there are those who realy do care about the welfare of the corporation and its employees, (I'm sure someone will find a couple). But government bailouts are not part of capitalism, (something virtually non existant in Canada). With the government as a stakeholder you move closer to statism. I see the Obama administration is moving toward capping the salaries and bonuses of bailed out companies. The cause and effect of creeping statism should be the lesson learned by capitalists. Fascism and/or socialism isn't far behind.
Unfortunately for some, they didn't abandon ship soon enough. Granted, there are those who realy do care about the welfare of the corporation and its employees, (I'm sure someone will find a couple). But government bailouts are not part of capitalism, (something virtually non existant in Canada). With the government as a stakeholder you move closer to statism. I see the Obama administration is moving toward capping the salaries and bonuses of bailed out companies. The cause and effect of creeping statism should be the lesson learned by capitalists. Fascism and/or socialism isn't far behind.
Well GS at least isn't using bailout money.
It is the companies like AIG that should really be the target as they accepted bailout money and are still giving out massive bonuses. Although The Obama Administration is stomping there feet telling them they should not be getting massive bonuses, AIG executives are laughing all their way to the bank cashing their bonus checks. Back in March they took huge bonuses and the country went nuts. Here we are in October and they are taking more bonuses. Even though some AIG execs said they would give bonuses back from March 2009, none have done so.
It is the companies like AIG that should really be the target as they accepted bailout money and are still giving out massive bonuses. Although The Obama Administration is stomping there feet telling them they should not be getting massive bonuses, AIG executives are laughing all their way to the bank cashing their bonus checks. Back in March they took huge bonuses and the country went nuts. Here we are in October and they are taking more bonuses. Even though some AIG execs said they would give bonuses back from March 2009, none have done so.
I HOPE this administration is able to enforce those cuts. I really do. These bonuses are insane. Thousands are losing jobs, even more are taking paycuts or pay freezes (me for example) yet fat AIG (and other bail out companies) execs are still partying like it's 1999.
I love it when GS made their money since the sub-prime collapse by speculating on the stock market. Probably taking advantage of small investors scared or forced into selling at fire sale prices!
Das Kapital for you!
Das Kapital for you!
Government bail outs happen when you have a dipper government. You just have not been that unfortunate yet. Both times B.C. suffered through dipper missmanagement the government bailed out failed pulp mills to save union jobs. Cost us a bundle and the mills closed anyway.
Wow.. An UNFCCC document.. Careful as that is something George W Bush signed and could be seen as dangerous to solve Climate Change !!!
United Nations Framework Convention on Climate Change - Wikipedia, the free encyclopedia
United Nations Framework Convention on Climate Change