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OpEdNews Op Eds    H2'ed 10/28/11

Capitalism, American Style; Symbol Of Greed, Political Corruption

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Message Michael Payne

Let's examine the extent of this disconnect; worker/consumers are thinking about jobs; if they can find one, and if they can keep one; about their healthcare, their retirement, their fear of home foreclosure, about their children's education, about their diminishing savings and their very survival. At the same time corporate masters are thinking about maximizing profits, outsourcing more jobs, eliminating workers' healthcare and pension benefits, getting more and bigger bonuses, and using lobbyists and campaign contributions to pressure the Congress for more tax breaks, incentives and elimination of regulations.

 

This relationship between corporations and worker/consumers is like a marriage gone bad; one that started as a marriage of convenience, not based on mutual affection, but one in which the partners found a way to co-exist. But then one of the partners began to cheat and when that partner got into bed with cheap foreign labor and corrupted politicians, the marriage experienced a steady deterioration. And, while each partner may be upset, under current conditions, it seems like there is no way to completely end the relationship. So it continues without a good solution and causes great harm within the household, that being America.

 

America needs an economic system that works, that is effective; this nation and this consumer-driven economy need workers and jobs that contribute to its prosperity and its GDP. America cannot afford to allow these corporations to benefit so greatly from generous tax breaks and incentives, together with fabricated low import tariffs that maximize their profits, while they have eliminated millions of American workers' jobs. At some point these corporations and their many congressional facilitators must realize that this system is no longer working, that it can't continue on its present course, and that it is a major cause of this nation's economic crisis.

 

One thing that the masters of the board room should understand; when their agenda is geared toward maximizing profits above all else, when they no longer show respect and loyalty to their worker/consumer base, then they are making themselves an enemy of the people. The people are now very aware of the collusion going on between Corporate America and the Congress and they are extremely frustrated because they can't envision how to break up that corrupt relationship, at least not yet. But the day is coming when they will figure it out and then both corporations and the politicians will pay the price.

 

Right now this situation is worsening as evidenced by the escalating protests and demonstrations taking place across America in which many thousands of people are showing their anger and frustration against Corporate America and this failed system of capitalism. This movement is gaining tremendous momentum and is sending a strong message and warning to corporations that they need to change their ways by supporting workers instead of using them as pawns to be disposed of at will.

 

The depth and seriousness of this nation's problems are great but not insurmountable. What must happen is that the people, the government and the business sector must start working together to solve our many problems. The solutions will come through cooperative efforts to create new industries, new jobs, rebuild our national infrastructure, significantly improve our educations systems, maintain reasonable and fair regulations of businesses, and reestablish a good relationship between corporations and worker/consumers.

 

Corporations have to realize that they are only a part of America; their corporate charters do not give them the right to use their money, power and influence to corrupt our political system and attempt to dominate the nation's agenda. So far they have chosen to ignore such advice and warnings but with each passing day momentum is growing against them. If they don't heed the warnings and continue to anger and alienate the majority of Americans then they will suffer the consequences of their shortsighted thinking.

 

And as such it may be time to consider adopting and developing some other economic system that might prove to be a better fit for America. Within the science of economics there are various forms of capitalism; free-market capitalism, corporate capitalism, state capitalism, social capitalism and a few others that nations use.

 

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