Monday, August 09, 2010

Big Corporations are Unpatriotic

Large corporations are sitting on huge sums of cash but do not invest them  because of their uncertainty about the future, e. g., government regulations and the like. Meanwhile, profits are high and are staying high because of labor saving efficiencies and by shipping investments and jobs overseas. All this is occurring while unemployment in this country is high and no prospect of anything but slow change for the better for workers.

Hence, I conclude that big corporations  are unpatriotic. They love the country only to the extent that it provides a location and opportunity to make money. The goal is a high return on investment. The means are providing goods and services in return. If that were widely and fully understood, we might do better in trying to channel their efforts into ways that serve the good of the country and not simply the interests of shareholders.

And while we are at it, should we  laugh or cry at the complaint of conservatives that government cannot do anything right? They point with glee to every blunder, inefficiency, and failure of government  while neglecting to mention such things as the BP oil spill, the constant recall of faulty products, including baby cribs that kill infants, drugs that do more harm than good, and other such inconveniences.

No comments: