Monday, November 29, 2010

Something Is Clearly Not Right

Last week the Federal Reserve released one of their periodic reports. The information contained therein is very troubling.
Tuesday’s report showed corporate profits jumped 28% in the third quarter from a year earlier, to an annualized total of $1.66 trillion. That’s a record high and reflects deep cost-cutting in the past and increases in demand for goods and services.

That’s right. Despite record unemployment, and no hope for reductions clearly in sight, corporations have experienced all-time record profits, the highest since the Commerce Department started tracking the figure 60 years ago. They’ve learned to produce as many or more goods without workers.

This is something of a dream for corporate America – bigger profits without those meddling workers to pay. This is the seventh straight quarter of corporate profit growth, with none of those benefits being shared with the working class...
I don't care which side of the political aisle a person stands on or what religious or ideological bent a person calls home. The results of this report should be a cause for concern.

The big question that should be foremost in people's minds involve ethics. Is it ethical for a small segment of society to benefit egregiously while the vast swath of society struggles?

If we look to nature for an answer, then the answer would be no. Anytime life in an ecosystem gets out of balance, nature has a way of bringing that system back into balance. If one species over propagates, in time, its numbers are thinned out to bring equilibrium back. As long as balance is maintained, the ecosystem flourishes.

Humanity has long been unbalanced and this imbalance is worsening month by month and year by year. If the law of nature holds sway -- and there is no reason to think it won't -- a major calamity is looming up ahead, one that organically will cure the wide disparity. In a painful catharsis, nature will restore equilibrium.

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