numonex said:
US Corporatism and endless profits. High educated families are the rich class and they own and control everything in America. The age thing is a myth. Rich kids can becomes CEOs at age 18 due to nepotism. My daddy runs big company, junior becomes CEO. The poor people are left to work in factories as slaves and paid $3 per hour. No minimum wage in America. Corporations will pay workers low or no wages if they can get away with it. Lower wages = Higher corporate profits. Send all jobs to China where workers are paid $1 per hour = bigger profit margins. The Republicans who are from rich families love to sell the hard work and God philosophy to keep people in line. Only rich people make it in America. Homeless or earning below the poverty line accounts for 20% of the whole US population = 50 million. Unions protect workers that is proven fact and they ensure the workers have jobs. The union workers are better off and there are more jobs. Weak Unions in the US. Workers have little or no rights. American Corporations exploit workers: low wages = higher profits. Foreign workers are brought in paid lower wages and take away local workers jobs. |
I find your definition of myth somewhat interesting because my definition of myth doesn't include widely studied well understood principles with supporting evidence. You follow that up by stating that 18 year olds can become CEOs of large corporations their parents run, outside of hollywood movies can you name an instance of that ever happening? Can you name a single CEO of a major corporation who is under 30? Can you name 10 CEOs of major corporations who are under 45?
Over 99% of all corporations in the United States (and most western economies) are small businesses, these firms employ over 50% of all employees, they're responsible for the vast majority of job creation and economic activity. When you take away the portion of the economy that is made up by government (roughly 40% in the USA today) it should become clear that large corporations make up a very small portion of the economy today, when you look at their balance sheets they do not have remarkably large profits, and their profits go to growing the company or paying out dividends which fuel the investments of average individuals.
Every time I have this conversation with people I wonder why so many people think we still live in the 1800s. There are very few private family owned and controlled large corporations in the world any more; and these "unreasonable" profits mostly end up benefiting average individuals through personal investments or pension plans.
