Skip to main content

View Diary: They Are the 1% - A Really Scary Follow Up (95 comments)

Comment Preferences

  •  Well that is easy to understand (2+ / 0-)
    Recommended by:
    Killer of Sacred Cows, EthrDemon

    If you look at what possible scenario would lead to full employment--assuming something very much like the system we live under. There is no such scenario even theoretically possible. First of all Globalization has radically changed everything as it has now come to be stable and the way we do business. This will never change, barring major disaster. The system is in place and it is locked. Low skilled professions will go to the cheapest labor pool. This keeps profits high and wages low. This has been going on for awhile and will only increase in the future.

    Where are the jobs going to come from? Nowhere unless the U.S. suddenly embraces socialism which is about as likely as me winning a one-on-one contest with Lebron James.

    •  Then we need to pass and ENFORCE laws (0+ / 0-)

      that say you may not outsource labor and you may not keep more than a certain percentage of profits, say 5-8% - the rest has to be reinvested in your company in terms of jobs and benefits for WORKERS. America still has too big a consumer pool for companies to ignore. Some of them may pull up stakes and leave, but the rest will toe the line.

      Add to this a law making it illegal for any CEO or high-level exec to make more than 30 times their lowest-paid worker, and I'll bet you outsourcing will vanish like a fart in the wind. (And the fine should be twice whatever the difference is between 30 times the lowest-paid worker's pay and whatever the CEO got.)

      Calling it "Playing Devil's Advocate" still doesn't excuse defense of evil beliefs, opinions, and actions.

      by Killer of Sacred Cows on Mon Oct 10, 2011 at 01:34:37 PM PDT

      [ Parent ]

      •  That might be possible in some game-scenario (0+ / 0-)

        but in the real world tough guys don't give up their treasure--you have to kill them first, usually. Occasionally one of them gets religion or meets a Zen Master and changes but as a class the oligarchs are not going to surrender what they've gotten and they are in a position to enforce their will whenever they want to. There is no scenario that I see that is going to change the balance of power significantly.

        We're stuck with the system as it is. We need to accept that and build something new within it--fortunately there's still room, there are many cracks and we need to work it not dream about scenarios that are impossible. Mind you, you are right and I sympathize and your solutions are rational but the game is about muscle not reason.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site