Friday, March 28, 2014

Entry #7- Capitalism: A Love Story

The corrupt actions of main-stream America have never been a secret, but the extreme measures corporate goes to to make a quick buck will make your skin crawl. During 2008, when most of us were shaken up and worried about loosing our jobs, homes, and the little savings we had, CEO's, millionaires and billionaires were reaping in the benefits of the countless bailout deals awarded to their companies.

According to Michael Moore, a well known film maker, corporate America and the top 1% benefit so much from the labor of the common folk and think so little of us that we are referred to as peasants. "Peasants!" Wow, what a smack in the face. Us, Americans who are living the "dream" that all other countries hope to live are considered "peasants". I thought we ditched this slur when we crossed the Atlantic and fought for our Independence. 

However, name calling is the least of our worries. Who knew that your friendly employer such as Wal-mart and many other big names could and will take life insurance policies out in your name? But..wait..does the company benefit from those policies or the family left behind? According to USA Today, a recent article posted that 11 million households do not have life insurance because these families have other financial responsibilities. Does it seem fair that a family who can not afford life insurance has to suffer when their loved one passes away while the company  rakes in thousands of dollars?


It's disgusting to see that GREED has overtaken our basic human compassion and has slaughtered the "American Dream". The promises of our Independence and democratic philosophies are merely a dream that we no longer grasp. We allow just 1% of America to tell us, we will forever be poor and beneath their shoes because we are just "peasants".

2 comments:

  1. I love your voice in this post, you completely believe in what you are talking about. And all in all I think that is exactly how I feel too. Taking sides for me is hard to do, especially when either side can be proven to be "correct".

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  2. I would like to present the flip side of the story. Let me first tell you that among others I too lost my job during the 2008 recession and had to move in with my parents. The people who claim to have lost their homes never owned them to begin with. These people owed banks huge sum of money as mortgage and were unable to pay them. The banks has every right to foreclose those homes. As far as the insurance policy goes, anyone can take out insurance policies for their loved ones as long as they commit to pay the premiums. In fact you buy a "put" if you trade options on the stock market on a company. If the company's stock goes down, you make money. It is like buying insurance against the company's growth. However I agree that some time people resort to unethical ways of making money. That is called corruption not capitalism. Capitalism provides equal opportunities to all. America gives the same opportunities to the top 1% as it gives to the rest 99%. It is who makes the most of it.

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