Corporate Greed – The Twilight Zone

In speaking about the the latest upsurge in corporate greed and shareholder’s defaults i’m reminded of another glowing rule applied to all individuals societies: high is earnings, there is also damage. In the case of companies, the loss may be in the form of task losses, bankruptcies, lockouts or even just a collapse of your economy. Company avarice is no unlike the appetite in the roads for foodstuff or the thirst for energy for a real human tribe; countless living organisms is sustained by the fermage of all natural resources on the expense more. Corporate greed leads to only loss, loss of life and break down. Now, we come across Wall Street bankers writing off millions of dollars in credit card credit with no you to definitely collect this from, and corporations themselves filing just for bankruptcy to flee the duty man.

It sounds as if corporate greed runs so deep with zero one in any way seems to be concerned anymore about the stupendous bonuses paid out to executives and the share price increasing thousands of percent in a matter of several months. Or the record quarterly gains paid out by biggest openly held enterprise in history. All these things may possibly end up being true, yet I believe that something much deeper is at work here… At fault may very well be shareholder’s defaulting on their loans, their education loans, their particular tax reimbursments, their health insurance premiums and other obligations.

shareholder’s defaulting on the responsibilities to the company creates a ripple impact, beginning near the top of Wall Street. Company greed performs to increase the useful fewer numbers of individuals, not every of to whom receive the same return troubles investment. Promote holders might decide together not to pay their home loans and they will tend to foreclose upon those homes or businesses that have previously gone in to foreclosure. Once this takes place, more tourists and people normally lose their particular homes, businesses and their capability to create wealth. Company greed leads to mass failure of this middle class and this therefore breeds more corporate avarice… the vicious cycle begins.

Scroll Up