jedcstuff

2013-09-05

Maybe I don't want to know re economy

It seems to me - when am feeling a bit grumpy like at the moment - that our (American) virtual unifying national religion has become "buy for the least possible, provide the least possible value-added, and sell for the maximum the market will bear."

Such a guiding principle could easily explain how those with a Midas-like compulsion have amassed such fortunes in recent decades, while the general population have greatly received much less compensation for their work. Those "super-winners" presumably approach wealth-production as simply a game playing strategy, with little or no awareness, or care for, of the consequences resulting in the real physical world. And the new conjectured national-political-religion per above, justifies the whole thing.

Gone is the chain of activities, where individual workers like myself (over more than 40 years of work) counted on employers being there to utilize my skills and pay me a little more than survival money (even without significant retirement money) in return; and those businesses in turn were founded on providing some quite needed goods and services to the American consumer. So us workers essentially traded our work hours doing some specific value-adding function, for access to the huge composite of all the goods and services provided by all the other workers, as responsibly guided by our employers. Employers did not pay themselves, especially their CEO etc, incredible huge sums of money, by cutting back on money paid workers, as they do today. Back then, if they did that, the population would have become so enraged that they would have ceased to buy goods and services from those businesses. Nowadays, something prevents people from doing that economy-balancing activity; I wonder why - or rather, how it was done.

Maybe I don't want to know. Maybe something makes me not want to know.

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