The biggest story in British media yesterday was the government decision not to increase salaries of nurses. There has been a great deal of criticism of health care in that country, so the hardest working group is being singled out to suffer. Politicians and managers, who are to blame, remain unscathed. The country had returned to the time of Dickens, when the working class was punished for doing their job.
Of course, politician and bureaucrat pay will be increased. I do not understand why there is not a revolution...
God save the Queen...who is the richest woman in the land...and pays no taxes, but receives money from taxpayers.
For many in the modern world, consumerism is the greatest religion. Some consider shopping malls in the United States to be shrines of capitalism. The problem is that most, if not all, suffer from unappealing architecture. None compares with the great cathedrals or mosques of more traditional faiths.
This is not a mosque, rather a souk (which is Arabic for market or, in this case, shopping mall) in Dubai. One of many such elegant shopping emporiums.
This is also not a place of formal religion, rather a tiny portion of one of the largest shopping malls in the world. There are more elaborate bits, which I did not photograph. No American finance director has his dirty fingers in this project. Whoever constructed this knew that profit derives from spending money, not cutting costs on the building.
And, finally, this is not from a house of prayer, rather one hallway of a hotel in Dubai. Again, no one thought of cutting corners on the architecture by lowering ceilings to boost bottom line.
If one is aware that most actions are “all about the Money”, most headlines are easy to decipher.
With this in mind, I understand why the US Government has started a campaign of character assassination of Germany. Success cannot be tolerated, especially if someone sees a way to make money from other’s success. American capitalists have managed to slaughter all the golden geese and now must seek new ones to exploit. Germany has successfully copied American capitalism, but still employ workers to make things, thus making money. American capitalists have shipped most manufacturing jobs to foreign countries, thus killing former export surpluses. Any country with a trade balance is a target for criticism and exploitation.
Greece is much better off. They let investment bankers saddle them with debt, thus earning huge bonuses, and now expect thrifty countries to bail them out. Of course, Germans are guilt-ridden enough to let Washington polemic move them to make stupid moves...
I had heard the phrase “For-Profit” schools, but had not given this any thought. After their being featured in Doonesbury, I have discovered their evil nature.
When I couple this with the raging battle to reduce government spending, I recognize--once again--what is wrong with the American system. The “American Dream” is to get rich, and this illusion is used to make a few very rich at the expense of many.
No Republican politician (and perhaps a Democrat or two) will ever cut government spending that flows into the pockets of their ilk.
Amongst all the ranting about class warfare, income inequality, socialism, taxing the wealthy, and Hitler (standard mention in all of the above), people might have missed a glaring anomaly in the world of business.
In what corner of capitalistic America do workers demand—and receive—a 50/50 split in income with owners? Not even Karl Marx would have imagined such a paradise. I cannot envisage the UAW, AFL-CIO, Walmart employees (of course, no union!), meat packers, or fast food workers even dreaming of such a thing.
In case you don’t read the sports pages or are too busy worrying about paying the bills, that is exactly what is happening in the NBA, where overpaid “workers” want even more money to play that boring game. That is not capitalism; that is highway robbery...of ticket buyers.
This is the best, most enlightening article that I have read on economic theory/society, and the most disturbing.
I have not read anything by Karl Marx. (I prefer his distant relative, Groucho.) I must have heard about him during my education, but my impression of his writing is based mostly upon years of being fed anti-communism propaganda.
This article points out that Herr M. was correct about capitalism. (Once again, Germans got it right.) It, like democracy, contains and fosters the seeds of its own destruction. And, not unlike human destruction of the planet on which we depend for life, capitalism is in the process of destroying what made/makes it attractive.
I enjoyed the good years of capitalism and am observing the demise that this article explains. I am not optimistic about the future for my descendants.
A guy named Murdoch has been in the news a lot lately (except in some of the media he owns). Focus has been on the sleazy operations of some of his publications (although few mentions the lovely people at Fox News).
Few, if any, mention what a great business genius he is. He's the guy that bought Myspace for $580 million and then sold it for $35 million. He must have had his economics book upside down when he learned the rules. To show what a hold he has on "his" board of directors at News Corp. and the awe (or stupidity) of shareholders, there has not been any outcry at this loss. Of course, the M&A guys (my favorite capitalist animals) profited a second time.