$1.66 trillion dollars of corporate profits as the middle class tread water. American corporations have no incentive to invest in America. They have a substantially reduced payroll which adds to the bottom line as above and beyond wages, they actually get increased productivity from the employees left who are scared to complain lest they find themselves on the unemployment line. The employees left working can easily be replaced from the pool of the unemployed willing to work at a fraction of the cost.
How did we get here? Laissez Faire Capitalism is the culprit. Corporations have no loyalty to employees. Corporations have no loyalty to families. Corporations have no loyalty to country. Yet, it is our country, the United States of America that has invested in the education, infrastructure, and a military that have afforded their success.
While Republicans want yet more tax cuts for corporations under the pretext that they will create jobs with said continued windfall, the evidence is clear that that would be fool’s gold for the middle class as corporations will maximize their profits by their continued commoditization of labor. Either Americans accept a new normal of third world corporate imposed wages or they will continue their outsourcing mantra.
It is time to bias our policies to the individual, to the middle class. Corporations have become our cancer. They have taken control of the main stream media, the politicians, and the minds of many in the middle class that they are actually hurting.
Free Enterprise must once more reign. But it will take methodical re-education of the middle class and a change in paradigm. The answer will be self-reliance and inter-individual commerce where possible excluding corporate commerce wherever possible. Formation of corporations should be for the good of society and not for the pilfering of those not incorporated. Subsequent articles will detail.