There is something fundamentally wrong with the corporate world and it's called greed. For the past 30 years and maybe even longer than that, corporations have been looking out for themselves and not caring about their workers. The bottom line is what counted. There have been countless movies that feature the bosses as uncaring jerks who is always willing to sacrifice lower level workers for healthier profit margins. All of this finally caught up with us this year and now companies are asking the government to bail them out.
Bailing out these companies is the worst thing we can do because even though the executives that ran the companies into the ground are no longer there (in most cases), the corporate mentality that got everybody to that point in the first place will not be changed. At some point in the future, we will be back here again because of greed. Also, it's not just the corporate execs that are guilty of being greedy, it's the people on "Main Street" as well, playing the stock market like if it's a low stakes gambling operation. You put your money at risk, be prepared to lose it all.
I think you should let these companies die. Lessons have to be learned, no matter how hard of a lesson it is. It's survival of the fittest and time to let those who have brought us to this point, be put down. They are all smart people and can rebound, create new companies and instill practices that they learned from this experience. It is time for a new generation of American companies to come to the fore-front and, with the lessons learned from the past, take our country to financial golden age once again...
Sunday, November 9, 2008
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