Last night, I was thinking about this whole AIG fiasco and our global economic situation, and I was struck by a simple, yet profound concept that I wanted to share and get insight on from all of you. So here goes…
It’s amazing to me how these laissez-faire capitalists at all these banks, at all these stock exchange companies, at all these fortune 500 companies are the BIGGEST proponents of capitalism and the BIGGEST detractors from the socialistic ideas of “fairness” and “sharing” and “spreading the wealth around” when it comes to sharing PROFITS. But then when the bubble bursts and they are in trouble, they flip around and become the BIGGEST fans of socialism when it comes to sharing LOSSES.
So let me just get this straight and let’s be honest about this — these huge conglomerates, these CEO’s who are making millions upon millions of dollars, living on Park Avenue, having limo service, spending $10,000 on one meal, flying private gulfstream jets, living the LIFE as they reap profits hand over fist will cry and scream from the highest heavens if you DARE to, as Barack Obama did during the campaign, suggest that we need a bit of wealth spreading to get down to the middle and lower classes to even the playing field. Yet, when these same CEOs and executives mismanage funds, steal, rape and pillage from the corporate coffers, and scam the American people, causing a global economic crisis, they are the FIRST to have their filthy, gluttonous hands held out to receive government funds to save their companies. THAT is SOCIALISM at its WORST.
And I understand that we NEED to bail out AIG. I get all the facts and figures showing the dominoe effect that would result if a company as huge as AIG were to fail. So I RELUCTANTLY accept the fact that we the American people will need to bail this company out this time.
(1) I REFUSE to stand by and allow this to happen without seeing some real change in the way we do business in this country, and if these so-called capitalist loving executives and bankers don’t like it, screw them. We need STRICT regulations and STRICT anti-trust rules so this kind of thing cannot happen again. and
(2) We need to reform our teaching and our thinking so that we do not ALLOW these people to play with out minds and demean us when we talk about things like fairness and even-handedness. Because what have we gotten out of their “system” of doing business? Nothing but a complete rift between the classes (which they love by the way), an utter lack of respect for values such as vision, long-term success, and investment, and a greed that is so deep and so pervasive that even we little people forget to stand up and fight against it.
We have grown accustomed to this madness. Not any longer. I cannot stand by any longer, and I am proud today to have a President who is willing to say “enough.” Who is willing to stand up in front of the American people, in front of these CEO’s and say, “ok, we need to clean up this mess, but that’s only the beginning. The party’s over fellas, and we are going to be changing things around here because we cannot, as a nation, a global economy, and as individuals be submitted to this type of torturous bubble and bust economy any longer.” It’s not worth it and it’s not healthy….for anyone. So go on and get your bailout, but know that things are going to be changing…if only we keep talking about it and keep demanding it.