Corporate Greed Will Be The Downfall Of Our Society
Understanding Corporate Greed In Our Society
Is Corporate Greed going to be the downfall of our Society? Greed separates all of us into our own little corner of life, with our likes and dislikes. According to Wikipedia, Greed is an excessive desire to possess wealth or goods with the intention to keep it for yourself.
There is nothing wrong with desiring things, the problem begins when the things we desire become an obsession. To obtain our obsession we deceive others to get what we want. In this case it is the American Public.
Businesses and corporations often begin by serving a need of society but as time goes on, capital and profits create the desire to increase their wealth. The primary reason people buy stock is to make money or for their own greed. Investments are also made because a belief in a product or a service is beneficial for society.
Greed occurs in our own obsessive desire for the betterment of ourselves. Humble investment occurs when the investment looks beyond ourselves to the righteous impact of the investment on others for a righteous cause.
A righteous cause is easily turned into Greed, whether it be an individual cause, corporate cause or an organizational cause. When the automotive industry began, a transportation need was filled, as time went on, the focus of management shifted to provide profit for management and share holders.
The workers Greed organized unions, to ensure they were getting their fair share in wages and working conditions. The consumer had to pay the price to ensure the management received a profit and the union demands were met.
The original business was created for a good cause but ended up having to operate based on the greed of the corporate management as well as its workers. Eventually the greed of the unions forced the executives to move to a competitive location to provide the stockholders with a profit. They moved to areas where cost of wages are less and demands of new employees were none existent. This allowed them to be competitive in selling their products.
By leaving their workers unemployed, the workers had to find other jobs paying far less than they were making while employed by the primary industry. All of this lost income means less money being paid to the government through less sales tax, less income tax and less Social Security.
Meanwhile corporations buy other corporations, downsizing the companies they buy, placing more people out of work and fewer taxes being paid. Everybody loses and wonders what is it going to take to fix the problem.
These large corporations now have huge assets and capital, making it easy for them to borrow money from the financial institutions. The financial institutions borrow money from the Fed for hardly nothing and loan it out to large corporations with huge assets to make more money. Financial institutions make easy profits on the loans helping corporations in their greed. This money also is invested into the stock market. Possibly responsible for the increase in stock prices.
Corporations invest profits with borrowed money through out the world, building factories, and hiring people in other countries to produce their products. It is no wonder that they have so much money and the management of these corporations are making huge salaries. At the same time laying off workers, of the corporations they have recently purchased. All of this is driven by greed for profit.
While, the financial institutions and corporations are in the glory of their greed, others are losing their houses, jobs and everything else they may own. Corporations are treated as individuals but yet have no morality only a bottom line to maintain.
Real estate values have dropped and continue to drop decreasing tax revenue. Workers no longer make the same amount of money as they once did reducing the amount of tax they pay. The revenue from capital gains has diminished in the devaluation of property. Many small businesses are struggling to exist let alone pay taxes. This is causing the governments to lose money, having to borrow more money from the Federal Reserve.
Our government is now contracting with off shore corporations to build infrastructure within our country. This action displaces work from within our own country, losing more tax dollars. It would seem to me they would provide an opportunity for businesses in this country to match a bid from a business out side of this country.
Greed has caused our corporations to move outside of our country and the greed of government unions has caused our government to hire corporations outside of our country.
It looks to me, the people making the money and the corporations will eventually only have themselves to market their product to. Their profits will not be sufficient to support monetization of their economy. They will have the ultimate reward of greed, separation from the people having a need for their product or service.
Is it probable, the greed of the people having the resources, will be unwilling to share with the people that do not have? Forcing the people that do not have, to create their own capital exchange, creating their own community. What is evil about Greed?
To watch the video version visit Corporate Greed.
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