November 15, 2009
Tags: business ethics, Citigroup, Ethics, flu, Goldman Sachs, N1H1, plutocracy, vaccines, Wall Street
I am a week or so behind on my comments regarding Wall Street’s acquisition of N1H1 vaccines, but that is partially because I am so disgusted at the in our faces display of our society’s failings that I have been stumped for words. Earlier this month it was revealed that some Wall Street institutions like Goldman Sachs, Citigroup, and others received doses of the vaccine to give to their employees. Now, all large companies request them, but they received them. As we all know, there are simply not enough vaccines to go around, and adding insult to injury people are dying of this flu that could reach pandemic levels.
Currently the vaccine is for those at the highest risk. So, what makes Goldman Sachs employees high risk? Nothing. What makes them more special than our hospitals? Nothing. Why should they have a better chance at health than others that are in immediate peril? They shouldn’t. In fact, they should be the lowest risk group in the country if we want to be fair, but a plutocracy is not fair. There is that word again. It just keeps popping up. First they stole from our economy, then our taxpayers, and now from our very well being and survival. You may even agree with me, but you are probably still saying to yourself “it doesn’t have anything to do with me.” May I remind you of a piece written by Friedrich Gustav Emil Martin Niemolle for a speech he gave in 1946.
When the Nazis came for the communists,
I remained silent;
I was not a communist.
When they locked up the social democrats,
I remained silent;
I was not a social democrat.
When they came for the trade unionists,
I did not speak out;
I was not a trade unionist.
When they came for the Jews,
I remained silent;
I wasn’t a Jew.
When they came for me,
there was no one left to speak out.
I am not equating Nazi Germany with what is happening here in any way, but we simply cannot continue to turn a blind eye to the destruction of America by out of control big business. This nation is rich in its history of innovation, corporate social responsibility, and the best there is when it comes to taking care of our fellow mankind. Ask yourselves what is happening, and how much more can we take before we demand something is done?
Anyone that doubts we are a plutocracy must look at this as another example. Please, I beg someone to take the opposing side to this argument and prove me wrong. Can’t, can you?
October 21, 2009
Tags: business ethics, capitalism, corruption, democracy, Ethics, free market, Michael Moore, plutocracy, unethical, Wall Street
The new film by Michael Moore, Capitalism, A Love Story, did not really say anything different from what I have been talking about for many years now. While I am not necessarily always a fan of his tactics, he does have some very insightful things to say. Capitalism is failing.
For almost a year now we have been hearing Wall Street wail as loud as they can for help so we bailed them out despite the knowledge that they created the disaster themselves by virtue of unethical business practices and greed. The idea was such that pouring taxpayer money into badly managed, unethical, parasitic banking institutions would save the economy, our beloved free market system, and give them more money to loan. The trickle down theory of economics in practice, but it is not trickling down and never will. Therein lies obvious as well as less apparent problems.
By the very definition of capitalism and free market economy it is survival of the fittest. This is what Wall Street has been espousing far longer than I am alive. But wait! Apparently that does not apply to Wall Street itself, and the rest of us never got the memo. If it did apply they would have insisted that inferior institutions be allowed to fall in order to make way for the stronger ones, but they didn’t. All of a sudden they had their hands out with fear mongering speeches decrying the end of America. The best part is that we the American public, and our government, all drank the Kool-Aid. We buy into fear. It unites us. It gets us to agree to things that we later scratch our collective heads in wonderment over. If the previous eight years can be pointed to as an example it is not surprising we find ourselves in a similar position today, and those that reap the rewards stand laughing.
Just a few days ago I ended up in a conversation with an otherwise intelligent man that begged me to understand that the United States financial system was hours away from “Armageddon.” Armageddon?! Does this not wreak of familiar pulpit driven tactics to control the masses from thoughts of upheaval? Of course, the moment he began spouting his vitriol I correctly guessed that he was an investment banker by trade.What was there to understand? Where is their free market, capitalist model now? I do not see small business being bailed out, and small business employs the bulk of Americans. Small businesses are failing at record rates because of the mess that Wall Street created.
I am not saying I disagree with a free market system, but left unchecked as it has been since WWII it is doomed to self destruct. The fact that our economy has been in free fall has not been remotely solved by the big bailout, but why? That is what they promised after all. The answer is simple. Our form of capitalism breeds greed. We can look back to Lord Acton’s famous quote; “power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” This is why my recent debate opponent sees nothing wrong with the bailout or the huge sums being given out as bonuses to the very people that did a poor job to begin with. It is not that he is a “bad man” as Lord Acton would suggest, but he is employed by some. If the rest of us had driven our companies into the ground we would surely not be given bonuses.
This folks is capitalism, but it is not democracy. They are mutually exclusive from one another despite what we are too often told. It is not democracy it is plutocracy, which is the form of government rampant, unchecked capitalism is best suited for. By definition plutocracy is “government by the wealthy.” Sound familiar?