Current Events — HabitableZone

Current Events » in reply to I disagree.

There is a big difference.

The corrupt CEOs and folks who play corporations and know how to milk the sstem are still a tiny fraction of the overall CEO and corporate picture in America. For every 1 milker there are a four dozen honest CEOs working hard and taking home a sub-million dollar salary.

The milker gets much more attention in the media because of the excess. The normal CEOs are totally unknown and would go unrecognized even in a room full of them.

And even these milkers can only take from those who work for the company. They can't enact legislation that impoverishes everyone or make them obey their whims. And each of those employees can go to work for another company. Eventually the crooked companies run by milkers go down the tubes. The milker moves on and the company gets broken up and sold piecemeal to larger companies.

It's not ethical what the milker does, but it's part of the equation. Milkers are incompetent at sustaining wealth for a company because they are too busy funneling that wealth into their own pockets. The companies so infected either start failing or they expunge the infestation. The companies are always public companies. Private companies don't hire milkers. Greedy stockholders of public compnaies do.

The shareholder hopes to sell out after the milker rises stock value temporarily and what happens to the stock after they sell it, they have no interest in. A milkers job is to hike the stock momentarily by any means possible - usually selling off assets, cutting wages or some similar stupid move - make some shareholders richer and then walk away from the company moving on to the next one. They get a rep - for destroying companies, but also for making some shareholders rich just before the colllapse.

But again, these people are part of the system. And they are few in number. They have multiplied, but are still just a small fraction of the CEO picture. The wealth they loot goes back into the system eventually. Yachts, cars, houses, servants all cost money. The stuff they store in banks, stocks and other investment portfolios is used by other institutions and only a small fraction of their cash on hand sits around out of the loop. Keeping large cash on hand is dangerous and most rich folks don't keep it around. So 99 percent of their wealth, ethically obtained or not, is usually still feeding the capitalist system.

Capitalism has its ups and downs but the system compensates. The person given the low wage, by a shortsighted jerk boss, can go to another company or start a business of his/her own using lessons learned in the corporate sector on how NOT to run a business.

The capitalist system is all about freedom. And the more companies and industries we have free of government control the more wealth, diversity and OPPORTUNITY is created for each citizen.

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