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farchivist.livejournal.comReally, there isn't. The economy is rolling along just fine. In fact, corporate profits for 2010 will probably set a record - and let's just be real here, folks, it's the corporate profits that are important. Yes, yes, I know; small businesses employ 52% or thereabouts of the nation, but they don't bring in the cash that Big Corp does. It's Big Corp that decides our economy. It's Big Corp that is the standard of American wealth. Big Corp money is what we all strive for, the ultimate American dream. You don't see small businesses bringing in 1.6 trillion dollars in profit. And we still manage this with the highest corporate taxes in the world.
A lot of people will say "What about the unemployment?" The correct response to this is "What about it?" Let's be clear: The people who have been laid off were made redundant because a) their jobs were unnecessary and the companies were tired of carrying the fat or b) because the people in them were incompetent. And before anyone baws, yes, the public sector is also suffering cuts. It's easy to get hired by someone these days - if you're already gainfully employed. Corporations admit that they are not hiring the unemployed, but why is that so surprising? Why would a corporation want to hire a failure? No, really, I'm being serious.
Some might ask where these record profits are going. Why isn't there new investment? Why haven't any markets picked up? The answer is pretty simple: the record profits are going where they need to go, into the pockets of the shareholders. There's no need to reinvest in Americans when you have a global market out there.
So by the standards of the moneyed and those who make it, we're doing gangbusters. And by those standards, the economy is just fine.
(Personally, I feel the solution is just to eliminate small business. Once we're all working corporate, everything will be just fine. *thumbs up*)
A lot of people will say "What about the unemployment?" The correct response to this is "What about it?" Let's be clear: The people who have been laid off were made redundant because a) their jobs were unnecessary and the companies were tired of carrying the fat or b) because the people in them were incompetent. And before anyone baws, yes, the public sector is also suffering cuts. It's easy to get hired by someone these days - if you're already gainfully employed. Corporations admit that they are not hiring the unemployed, but why is that so surprising? Why would a corporation want to hire a failure? No, really, I'm being serious.
Some might ask where these record profits are going. Why isn't there new investment? Why haven't any markets picked up? The answer is pretty simple: the record profits are going where they need to go, into the pockets of the shareholders. There's no need to reinvest in Americans when you have a global market out there.
So by the standards of the moneyed and those who make it, we're doing gangbusters. And by those standards, the economy is just fine.
(Personally, I feel the solution is just to eliminate small business. Once we're all working corporate, everything will be just fine. *thumbs up*)
