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Valued Social Butterfly
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Re: Capitalism took a huge hit today

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@MaVolta wrote:

It’s good to see that US corporations are finally catching on to what the Brits have been doing for quite some time. At least that is my experience. I worked for two different British owned corporations over a period of 25 years, and that is exactly the model that they followed. They knew that by doing so the profits to the shareholders would follow, and attract new investors to expand and grow their businesses. The difference in working for the Brits as opposed to working for US companies was like daylight and dark. 


Step in the right direction - at least now the CEOs are giving lip service to a more justifiable distribution of profits between them andtheir workers.

 

They are a tad late to the party tho - In 1860, Alfred Krupp, a German combination of Andrew Carnagie and Henry Ford, decided if he wanted the best workers, he must offer them the best jobs. While the "factory towns" put up by American Capitalists were wretched ghettos, Krupp put his workers in real-life "Mayberry" with excellent homes, schools, parks and stores and paid them above what his competition offered. It worked so well, Otto vonBismark used Krupp's programs as the model for Government Socialism which he installed shortly after he unified Germany in 1872.

 

A German friend explained to me that American workers would never enjoy the level of security provide German workers because we were terrified by the word "socialism", and that was because we did not understand how it must work. "Everything in Germany is Socialist...EXCEPT THE GOVERNMENT!".  He went on to explain only Capitalism can produce the goods and services needed for a great society for all the citizens, so the Government needs to regulate the Capitalist economy in a way that insures a just and fair distribution of the PROFITS. But a Socialist GOVERNMENT will screw the process up by trying to control the way in which the profits are made. Germany avoids labor problems by LEGISLATING all the benefits workers need for a good life so no company can try and gain an advantage by cutting the workers' share of profits in a "race to the bottom" like Republicans promote in the US.

 

We WERE doing something like Bismark established from 1936 until 1965, and every year the rich got richer but the rest of us got richer faster so the gap between rich and poor SHRANK. Our schools and infrastructure were the envy of the World, and our economy was growing at 4-6% every year while the time spent on the job was declining, giving workers more time to enjoy life.

 

The rise of the Middle Class continued until the early 1970's when jobs began moving to low wage locations in the south - a process called "Dixiefication" and the race to the bottom began. It really took off in the 1980's with the Regan Taxscam encouraging the Managers dividing the profits to keep them all for themselves, and since then all the real gains in income have gone to the top 10%, the next 30% managing to keep up with inflation and the bottom 60% now worse off incomewise than they were in 1964.

 

Only thing preventing a return to the social justice Americans enjoyed up to the 1970's are the elected Republicans. Remove them and turn their "race to the bottom" into a "march to the top".

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Re: Capitalism took a huge hit today

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   David Rosenberg ( a Canadian) has been sending up red flares for a while now:

 

   1.   When the body count reported by the FED as jobs - the RW including Donald buy the bs.   What many economist know is below the headlines:   The FED reports "how many people are working" and the ignoble donald supporters post that on line - yahoo!   

   2.    One has to keep reading, below the headline to determine the HOURS Worked and that is where the rubber meets the road.   

 

  .  the average nonfarm payroll gain of 165,000 jobs per month since January is overstating the strength of the labor market. Actual labor hours consumed by the U.S. economy were 0.4% lower in July than at the beginning of the year.

 

    4.

Average weekly hours worked has been sliding since January 2019 as well. The reason for falling average hours is reduced work schedules generally. It reflects a “mix” shift toward sectors with lower average hours per week and also lower “value added” per employee.

The year-over-year rate of gain in the goods-producing sectors has fallen sharply, from 690,000 in July 2018 to just 338,000 in the most recent BLS report. Yet the goods producing sector averages a high 41.0 hours per week.

    

 

    5.  David Rosenberg concluded the 164,000 jobs gained in July were more like 210,000 jobs lost in July.

 

    Now we know why Donald is lying so bigly and blaming everyone but his WH team....the lies and bodies are continuing to pile up and he has no where to hide them.  

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Capitalism took a huge hit today

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It’s good to see that US corporations are finally catching on to what the Brits have been doing for quite some time. At least that is my experience. I worked for two different British owned corporations over a period of 25 years, and that is exactly the model that they followed. They knew that by doing so the profits to the shareholders would follow, and attract new investors to expand and grow their businesses. The difference in working for the Brits as opposed to working for US companies was like daylight and dark. 

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Re: Capitalism took a huge hit today

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wow-face-clipart-2.jpgIs there HOPE on the horizon?

 

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Re: Capitalism took a huge hit today

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Capitalism took a huge hit today

 

Actions speak louder then words. 

 

Let see what they do and not get all warm and fuzzy about what they say.

 

Lets see them get behind universal heath care, a national pension plan in addition to Social Security, caps on consumer interest rates.

 

Let them show us how they have overcome the love of money.

 

 

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Is it possible those CEOs caught a glimpse of pitchforks flashing on the horizon? Could the smell of hot tar and cold feathers have wafted thru their corner offices?

 

Gotta be something along those lines...UNLESS it's a huge PR stunt to stave off re-regulation of Corporations after Bankruptcy Don drags the GOPers into a disaster that will make 1964 seem like a "win".

 

Given the disastrous economic actions of Bonespurso WUSSolini to date, my money is on the "UNLESS" option.

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Capitalism took a huge hit today

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 Capitalism is an economic system. In it the government plays a secondary role. People and companies make most of the decisions, and own most of the property. ... The means of production are largely or entirely privately owned (by individuals or companies) and operated for profit.

 

What happens when 200 CEO's of the infamous Business Roundtable change their tune:?  

  • The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”
  • The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.
  • Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

    The earth didn't crack, it wasn't hit by a meteor and little green men did not climb out a a space ship, but this is pretty earthshaking news - and about effing time, imo. 

 

https://www.cnbc.com/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no...

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