I cannot over – emphasize the need for the people of America, and their cousins, Canadians to understand this issue of moving toward an oligarchy of the rich. If we do not act, if not our children, then our grandchildren will live in a World of little to no democracy. Are you willing to put that yoke around your children’s necks? Think about it and decide to finally act for the good of your children and grandchildren. What will they feel about you if you remain silent as they slip into an society with no future?
Please click on the link just below to here the alarming economic evidence.
The Western World is in Economic free fall such that we may well ask ourselves “What the
heck is going on out there”. People’s heads are spinning with debt; they are just trying to survive financially. Few have the luxury of taking the time to understand what is happening to them. The merry-go-round is spinning so fast that everyone is simply trying to hang on and not fly off. My intention is to show you what you are seeing in blur and with the hopes of giving us a safe jumping off place.
The World has changed massively since the1970’s. In the 1970’s a young person entering the workforce could well expect to stay remain with that company for the remainder of his/her working career and retire with a pension. Likewise, within a short period of looking for a job a young person could find gainful employment.
Today, we know, a person might have 5 or more jobs during ones’ lifetime, many look for years for a job, sometimes only to land into part-time and minimum wage employment. Last year the numbers of people going to food banks soared and it was mainly the working poor who caused the swell. The cost of living keeps rising and as the wages of the poor and middle class have stagnated the poor need help from food banks and the middle class are beginning to feel restrictions in their lifestyles. Meanwhile, the number of people considered middle class has shrunk as inflation rises up the body politic. (Like being immersed in water the middle class are horrified to feel it come up to their thighs or wastes, they feel sympathy for the poor who are experiencing inflation rise to their necks.
This is all happening at the very time that the earnings of Wealthy CEO’s have rocketed. In 1950’s to 1960’s CEO’s made 20 to 30 times the income of the person working on the shop floor. By alarming contrast, today CEO’s make between 200 to 300 times the income of the average employee. Often a CEO will make in a few hours what most of their employees will make in a whole year. There are extraordinary cases where some of the Wealthy will make immoral amounts of money. Forbes Magazine wrote that “Six Waltons Have More Wealth Than the Bottom 30% of Americans”
Many times it only takes a few hours wages to equal what the average earner makes in a year. Is that man that much more productive in that hour or is he that much smarter? Inequality of money is the great canker that is going to destroy the fabric of Western World.
During the 1980’s when oil prices rocketed, the public got very angry about the rise of oil costs, so Oil Companies created organizations to influence the Government and policies to thwart public opposition. Their intention was a push to protect their interests and profits. Think tanks were assembled to influence public opinion and elections. Milton Friedman, an American Economist was pushed to prominence to promote a new economic theory, the “Trickle Down Theory” which essentially stated that you free up the market and promote free trade to get out of the way of corporation making money and the money naturally will trickle down to the poor. That was the bait for the masses and we bit it hook, line and sinker. Likely this is where the power impressed the 1% themselves and they felt comfortable in raising their wages. This was where we saw the beginning of the inequality between the Wealthy Corporate boss’ wages and bonuses rise grossly above the average wage of the man on the shop floor. This is where the Rich Elitists’ hearts really lost any feeling for patriotism for nation, or any identifying with the public.
In his book “Capitalism and Freedom” (1962) Milton Friedman advocated minimizing the role of government in a free market as a means of creating political and social freedom (So that is where the Tea Party’s idea came from). This was the pavement that formed the road to justify wanton greed. It justified the little guy getting squeezed with a lower pay, unions were put on the defensive, and all that mattered was that the Corporate Heads increasingly got higher pay and the stockholders got bigger dividends.
New leaders surfaced to carry out this economic policy. We saw the rise of Margaret Thatcher, in England, Ronald Reagan in the United States, Brian Mulroney in Canada, and Mike Harris in Ontario. They were the face of the Neo Con philosophy and agenda.
As the trickle down theory took more money from the lower classes via stagnate wages, and at the same time, with the costs of living going up, there was less money for the little guy to spend. It created Henry Ford in reverse. Henry revolutionized manufacturing and at the same time paid his employees with good wages. He wanted his employees to have enough money so that too could afford to buy his cars. So, the consumer, with less disposable income they made less purchases, so there was less percentages of profits going to the big corporations. Corporations have made it their mandate to make money for the shareholders, so they went to the Stock Market to make money, buying other companies, becoming bigger and bigger. With the money going into the Stock Market there was no money for modernizing industrial machinery, or upgrading employee training. And the tax reductions that governments gave companies to do the upgrades, and to stimulate the economy, ended up as acquisitions in smaller companies, and also, in the pockets of the corporate bosses.
Why would the Rich Elitists make investments in people, or for that matter to better their society/nation when buying up smaller companies bought them higher profits in a quicker time. Worsening the problem of unemployment, the acquisitions also came with the larger Corporations stripping down the acquired companies and laying off much of its work force so lower cost looked like greater profits to the companies buying the stripped down companies, so the large Corporation would get more money on the resale.
North American nations stand at the same position that they did in November of 1929 when the stock market collapsed; the same squeezing of workers wages, the same speculating in the stock market. The Rich Elitists pushed the people into the depression when they squeezed the workers’ wages, there was no money to make as many purchases, so with no one buying, who needed to produce anything so there were layoffs and no money to purchase. And the house of cards collapsed. That is what a depression is – very little money in circulation.
The Neo Cons are Utopian thinker, believing that if there is no restrictions on their ideas of power and policy the World will run smoothly and efficiently. They are willing to force everyone else to accept their vision of Utopia. That does not say that there will not be more poor and homeless. That will be a natural consequence of them not being as smart as the Elitists. The resolve of their minds leave no room for emotion. Greed has it’s own vision.
We are being pushed to the same edge of the cliff today by the Rich Elitists – they are in control of the economy and the political agenda. Governments are not our governments, they are on the 1% agenda. We may foolishly elect them and the 1% tell them what to do. We can get angry at our governments, but the anger is misplaced because we elect them and we have not become educated enough in politics to make the governments accountable to us. If we understood the term accountable and then we made them account we could reverse much of our Nation’s difficulties.
So, what the heck is going on out there? We are not getting politically educated, yet.