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TrueCAP

@98.64.23.x

Economics101

Funny things that I read in all these post, the funniest is people regurgitating the same union bashing non-sense that is based on anti-democratic. First and foremost no where in the constitution does it say anything about corporation (it states WE the people)-"We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility,....". Ok now that we got that part out of the way, I do believe in true capitalism by the great Adam Smith, he spoke of true FREE MARKET system (look it up). Now do I agree they need to lay people off...YES, its there right to do so, But if there service is not adequate and you are paying for a service than the duty of the Government is to protect our rights, YES we can choose a different service provider, but also we should expect a refund for our troubles. Another thing what we see today is not Capitalism, it is Socialism in a Capitalistic facade. Adam Smith spoke of that the "Wealth of a Nation" is not based on its Kings, or Monarchs, but from the production of it people. But what do we have today? We have CEO's getting paid even if a company FAILS or makes money. I don’t care if a CEO got paid BILLIONS for making a company crazy amounts of profit, But what I do see as anti American and against our Constitution, is when the only way for the company to make a profit is by cutting my pay (which in reality I consider that RE-Distribution of wealth, and also stealing which is punishable by law)....So before you come on here looking like an ass defending Publicly traded Corporations, and defending them as Privately held ones, and also defending that any of there actions are acceptable in Capitalism, well those people need to take a better look on what our system is based on. Not this IDEA of others of what is should be based on. I don’t believe in RE-distribution of wealth on any end.
And as for Unions, NO they aren’t so innocent, some of the pay is outrages for the type of work they do, and I don’t only mean the TELCO industry I mean any other industry that is unionized. There are employs that stay around that should have been fired many times over but the unions do protect them......But also lets not forget that there are companies that are not unionized that have lazy POS that are able to keep there job because they are sleeping with someone in management or is related to one. But one thing is true a Union is no different than what the unionized soldiers did when they fought for our independence, unions serve as a check and balance for big corporations. I see there place in society as a way to control some lower management employees of letting power go tot here heads, which leads to harassment and abuse.........THE END!!!!!


pizmo pete

join:2007-10-24
Portland, CT

Nice post TruCAP,,,, the Corporations are seeking the same rights as We the people...They want the right to exist as any other citizen does, and in this right, comes speech(Sup. Court right now), ownership(think of Monsanto and the patenting of the genetic make up of seeds?), and the survival of the company at any cost. Re layoffs. At$t is a MONSTER eating up the smaller companies and becoming another GM..OH OH Eddy Whitless should fit that size 13 shoe real good. Capitalism sold out AMERICA


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