"Frankly, I believe the conviction that most of the wealthy don't really earn what they get is born of raw envy, bitterness, and self-justification."
When a drug company spends more for executive bonuses than for research, something is grossly wrong. The notion that these executives earn their huge multi-million dollar bonuses is ludicrous.
When it is far cheaper to buy USA-made drugs in Canada than in the USA something is wrong.
When the primary lending banks stick the secondary market with a trillion dollars worth of bad paper and pocket huge bonuses in the process, something is wrong.
Free enterprise cannot police itself. It needs a vigorous government, free from corruption induced by bribes (campaign contributions) by the very businesscrooks that are perpetrating the outrages.
A person EARNS his money only when he produces a good or service for the general society (his clients or customers) that equals or exceeds the amount of his remuneration. Certainly, this has not been happening. Instead, our economy has been plundered by greedy and conscience-free economic pirates.
There are entire professions which collect billions of dollars per year for their practitioners without doing the slightest good for anyone other than the practitioners themselves. I refer here to the speculators, day traders, wheeler-dealers, and the like who invest their income for hours or days hoping for a lightning profit and do absolutely nothing for society.
David F Mayer
Current Events » in reply to re: Capitalism
I disagree.
The whole thread (23 posts)
- North Korea weapons tests on children
- Specifically: handicapped and mentally ill children
- Socialism and Communism are similar in the essential policy of State Supremacy.
- You sound like someone that is taking it personally...
- Horseshit.
- Yes, I am free to say what I want. But my input is insignificant.
- Thats' Because You're Confusing The Impacts of Capitalism With Those of Democracy
- re: Capitalism
- I disagree.
- re: Capitalism
- Socialism and Communism are similar in the essential policy of State Supremacy.
- Specifically: handicapped and mentally ill children
