I'm not sure what the alternatives are to capitalism. Economic socialism and communism don't work. The problem is that capitalism, as practiced in the USA, has become so corrupt by buying politicians and getting laws tilted in the corporation's favor. And when they can't get the laws that they want, they find loopholes to exploit. Case in point: General Electric. GE is one of the world's largest corporations, and it doesn't pay any taxes in the USA. They've rigged their finances so that they actually get incentives and rebates in the USA. We are PAYING THEM to be a corporation. They recently announced (this week) that they're relocating their world-wide HQ to Boston after various cities tripped over themselves to offer the sweetest tax incentives and rebates to get them to move there. They had some valid reasons to move, such as looking for a brighter college educated pool and needing close access to an international airport. Valid, but they still appreciated all of the tax incentives and rebates.
The second part is that greed has overtaken humanity and compassion. I've been saying for a while that the unofficial matra of the Republican Party is "I have mine, screw you." I guess the UK version would replace the second half with "Sod off." Wall Street demands quarterly profits, and if a corporation doesn't deliver, it is punished. Thus, we have companies outsourcing their computer departments to India to save labor costs, so people (like me) who have developed skills over a 30 year career can't find good positions that don't involve relocating, lots of travel, or no benefits. I read recently about one company who not only outsourced their entire IT operation to India, that if you didn't train your replacement, you didn't get the severance package. Talk about rubbing salt in to the wound.
The phrase Compassionate Conservative not only epitomizes oxymoron, people spouting it should be flogged.
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Date: 2016-01-16 05:01 pm (UTC)The second part is that greed has overtaken humanity and compassion. I've been saying for a while that the unofficial matra of the Republican Party is "I have mine, screw you." I guess the UK version would replace the second half with "Sod off." Wall Street demands quarterly profits, and if a corporation doesn't deliver, it is punished. Thus, we have companies outsourcing their computer departments to India to save labor costs, so people (like me) who have developed skills over a 30 year career can't find good positions that don't involve relocating, lots of travel, or no benefits. I read recently about one company who not only outsourced their entire IT operation to India, that if you didn't train your replacement, you didn't get the severance package. Talk about rubbing salt in to the wound.
The phrase Compassionate Conservative not only epitomizes oxymoron, people spouting it should be flogged.