Note to the Rich and Powerful

Two questions for the Rich and the Powerful. Plus a comment.

The comment: in case you’ve missed it, there’s a new genre out there…in film, and TV, and books. I call it “Tales of Off-Shoring Blues.”

These are stories of ordinary, average Americans who find themselves without jobs, without hope, and without dignity when suddenly some CEO or corporate executive decides that it will increase his or her bonus by a few cents more if they move the factory or the office to India, or China, or Mexico.

Right now, for instance, there’s a new movie in the theaters. It’s called “Company Men.” It’s all about a bunch of guys who get downsized, and then we watch as they wither, as their self-esteem collapses, their sense of themselves of as men declines, and they struggle to find a place in a new and alien world which holds them in contempt.

It’s supposed to be quite good. The critics all love it. I’m told the men in the story do come to terms with their plights. Or at least some of them do. Sort of. But I don’t think I’ll be able to go see it. It would cut a little close to the bone for me. I’m employed (if somewhat underemployed) at the moment, but I’ve been there. And I know a lot of other people who are there still.

What interests me about this new genre, though, is that it succeeds because it taps into something deep and powerful in the culture. It resonates with people because they know it is saying something true.

Specifically, they know that they are being hurt. They know that they are being stripped of their dignity. They know that their increased rates of suicide and heart attack are not accidental. They know that, in some place, even in middle class suburbs, children are starting to go hungry.

Or, to put it another way, they know they are being murdered. Not with guns and knives. Not quickly. But murdered all the same. Slowly. With a thousand, thousand humiliations and deprivations.

So, now my two questions to the Rich and Powerful.

First, if you continue your present course of action…if you keep downsizing and off-shoring and not making any effort to create jobs for Americans…if you keep letting them die…

What do you think will happen when Americans then quite rationally decide that it is either you or them? That they cannot survive if you continue to rule?

And, second, if that should occur…

How long do you think you can run? How well do you think you can hide?

Just asking.

A sincere apology to obscenely rich people

Today I need to apologize. I need to humbly...oh, so humbly...beg for forgiveness. I mean, beg. Because, you see, I've said something really foolish and utterly wrong.

Here it is: as you know, I've been writing a lot about how America is now basically owned by and governed for about 2% of the population, the "mega-rich" who got Ronald Reagan & Co. to transfer vast amounts of the nation's wealth from us to them.

Well, I'm wrong.

I've looked at the numbers and discovered that it isn't 2%. It is more like 1%.

That's right. About 1% of Americans own pretty much everything. (Here's a site you can go to see some of the numbers in question http://www.stateofworkingamerica.org/. And while you're cursing... I mean, cruising, look at this column by Nicholas Kristof in the New York Times, http://www.nytimes.com/2010/11/18/opinion/18kristof.html?_r=1&nl=todaysheadlines&emc=a212).

So, to the top 1%...the mega-bankers and mega-lawyers and mega-CEOs who have vacuumed every penny out of the public's pocket...the Wall Street Brokers who "broke" the economy and then used bail-out money to give themselves obscene bonuses...the Off-Shorers and Out-Sourcers who plunged us into a "post-industrial, service-based economy" of mass unemployment and national decline...

I'm sorry.

I'm terribly, terribly sorry I grossly underestimated just how rare and strange you are.

Can you ever forgive me?

More on the 2%

While we're at it, here's another fun little news item.

You know how the Fed is bending over backwards (and then some) to make cheap money available to big corporations so that they'll finally start spending and investing and hiring and maybe get Americans back to work?

Well, according to a recent article on Bloomberg, the aforesaid big corporations and are (wanna guess? Huh? Wanna?) investing it outside of the US. The cash is flowing in a major gauge pipe right overseas.

Right.

Is it just me? Or does that feel a little like somebody just shoved a knife between our shoulder blades?

But, of course, it is a well-made knife, with an excellent bone handle, and a blade of the finest Swedish steel.

Nothing but the very best for the 2%.


The article: Not Made in America Prevails as Fed's `Cheap Money' Finds Its Way Overseas

To Top 2%

I've heard it said that most of the nation's resources are now controlled by about 2% of the population. (Yes, the middle class, as you knew it, is gone. We're all peons, now.)

Well, here's an interesting an article by Robert Scheer on someone in that top 2%, Sandy Weill, former head of Citigroup and the man credited with arranging the legislation that deregulated the banking industry....and got us into our present kettle of fish.

So, if you're wondering what to expect from our new masters, read the piece to which I've linked below. It's all about Mr. Weill's nifty new mansion, purchased while people all over the country are being kicked out of their homes by robo-signers.

Makes me feel just all warm and fuzzy.

Or maybe that's nausea. Hard to tell. Well, six of one.


Here's the piece: The Man Who Shattered Our Economy