[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Putin claims new 'invincible' missile can pierce US defenses

Report: Special Counsel Robert Mueller Focusing on Trump Obstruction, Not Collusion

Suozzi (D-NY) Suggests Using the ‘Second Amendment’ on Trump

Did Putin Order the Salisbury Hit?

US Boy Scouts revoke badges from Down's syndrome boy

China To U.S.: ‘Correct The Mistake’ Of Passing Taiwan Travel Act Or Face ‘Military Pressure’

Microsoft tries out new must-use-Edge ploy in Windows 10 preview

Navy Seal Says He Killed Bin Laden — and the Photos of His Dead Body Are Fake

Self-Driving Uber Car Kills Pedestrian In Arizona: Bigger Government Guaranteed

Trump’s election consultants filmed saying they use bribes and sex workers to entrap politicians

Hypocrisy: Why Is It OK When the US Meddles in Elections but Not When Russia Does It?

Women Fined $100,000, Face Potential Jail Time, Just for Braiding Hair

Pelosi Fights Off Democrats Who See Her Leadership as ‘Toxic’ to Party’s Image

Hillary Clinton’s India Trip Cost Taxpayers More than $22k

China's premier hopes trade war can be averted, pledges more open economy

How do civil wars happen?

Sad Truth

Robert Mueller Has Been Botching Investigations Since The Anthrax Attacks

China's space lab to crash soon

This Teen Built A Prosthetic Arm Using Lego

Libertysflames question of the week...Can you think of anything worse then.......

Suozzi Suggests Using the ‘Second Amendment’ on Trump

Self-Driving Uber Car Kills Arizona Pedestrian

JUDAS PRIEST Scores Highest-Charting Album Ever In U.S. With 'Firepower'

Restaurant Patrons Fight Back Against Cop As He Savagely Beats Autistic 12-year-old Girl “UFC-Style”

Deciding To Die (Gun Confiscation)

Muslim pedophile grandfather sold children for sex in his ‘rape house’ where perverts queued down the stairs to abuse little girls

Police officer busted for reverse drunken driving

New Yorker Magazine Under Fire for Body-Shaming Trump

A frustrated Trump lashes out at special counsel Mueller

Cars That Parent Us

Edward Snowden: Facebook Is A Surveillance Company Rebranded As "Social Media"

The conformity of walking out

Hungary PM: Europe Under Migrant Invasion – Those Who Don’t Block it at Their Borders Will be Lost

History of Gun Violence

Going to the Gun Range With Family Got These Students Suspended From School

The End of the world as we know it

Is The U.S. Economy Really Growing? (No)

It Begins: Florida Resident’s Firearms, Ammunition Confiscated Under Gun Control Law

The College of the Holy Cross 'Crusaders' mascot succumbs to 'Islamophobia' concerns

CEO Susan Wojcicki to 'Fight Conspiracies' on YouTube by Adding Wikipedia Boxes to Videos

Sign Referencing Civil War Hero Is Sexual Harassment, Says Massachusetts Lawmaker

It's all Eve's fault

Arizona's Flake, in New Hampshire, mulls 2020 challenge to Trump

Donald Trump signs Taiwan Travel Act despite warning from mainland China

McCabe Fired

Sunrise over the Swamp

Chicago students trash Walmart during walkout over gun violence

Mix up lands senior citizen behind bars for not mowing lawn

Zakharova Tells Who Is Really Behind The Salisbury Anti-Russian Campaign

Status: Not Logged In; Sign In

See other Opinions/Editorials Articles

Title: America is Disneyland
Source: Activist Post
URL Source: http://www.thedailysheeple.com/america-is-disneyland_032018
Published: Mar 9, 2018
Author: Chris Kanthan
Post Date: 2018-03-12 09:16:41 by Deckard
Keywords: None
Views: 36
Comments: 1

Disneyland is the Happiest Place on Earth! Millions of families visit the theme park every year to enjoy the magical place of rides, spectacular shows and cheerful cartoon figures. Everything is clean, perfect and joyful. Unless … you realize that Cinderella might actually be homeless. That’s right, 10% of Disneyland’s employees are actually homeless, many more are on food stamps, and 75% struggle to make ends meet.

Does this ring familiar? Think of America. Behind the façade of being the greatest country on Earth with the largest GDP and the wealthiest billionaires, there are tens of millions of Americans who are left behind just like Disney’s employees.

This neo-feudalistic model isn’t isolated to Disney or Walmart, it’s systemic. For example, the bus driver at Apple – which has $280 billion in cash – is forced to sleep in a van because he can’t afford the Silicon Valley rent; Facebook’s cafeteria workers live in a garage; and thousands of American Airlines’ employees are forced to depend on food stamps.

America is being eaten alive by corporate greed; and Disneyland has been taken over by Scrooge.

Let’s look at some Disney Inc. statistics.

Total profit per year: $9 billion

Total employees: 200,000

Notice that the profit reflects what’s left after all the expenses, including the salaries, have been paid. So, in a utopian world, the Disney management will do the math ($9 billion / 200,000 = $45,000) and send a check for $45K to every employee, Mickey included. That kind of profit-sharing would really make Disneyland the happiest place on Earth. Does that happen? No way!

Does Cinderella get a check for perhaps $20K, $10K, $5K or even $1K? Nope, nope, nope, nope. Cinderella gets nada, zero, zilch. She should be content with the $12/hour salary and must smile happily for the kids.

In Disneyland, Cinderella never gets to meet her prince.

Disney’s CEO gets paid $46 million a year, which translates to $23,000 an hour. Imagine Disney’s CEO coming to work on Jan 2nd. He wishes a few people “happy new year,” orders coffee, sits on his desk, makes a few phone calls … and he has already made more money than what Ariel would make during the rest of the year.

Of course, the CEO should get paid more, but does he deserve a salary that’s equivalent to 2,000 Disney employees? If the CEO doesn’t show up for work for a day, Disneyland will continue running. If 2,000 employees take a day off, the park would be shut down.

In the 1960s, the CEO-to-worker salary ratio was 25. Today it’s often 600 or more, sometimes even more than 1000 (for example, at Walmart). Much of the executive compensation comes in the form of stock options and bonuses based on stock performance. In a rational and unrigged world, the CEOs would increase their revenues and profits to get bonuses. Not anymore.

Now, the CEOs simply use a no-brainer solution to boost the stock prices – it’s called stock buybacks or share repurchases. This involves a firm using corporate profits (or even borrowed money) to buy its own stocks. BTW, this used to be illegal until the 1980s.

Since 2007, US corporations have spent trillions of dollars on stock buybacks. In 2018 alone, they will spend $800 billion on this financial engineering tool (which has also led to a massive stock market bubble). They won’t use the billions to hire Americans, boost wages or innovate new products. Instead, the CEOs will buy yachts and tell you that Chinese or Mexicans stole your jobs.

Do the low-wage employees of Disneyland get any shares or stock options? A silly question, indeed.

Thus we have a situation where American employers ruthlessly exploit American workers. This isn’t a good model for a country. China and Mexico don’t make us poor; predatory capitalism does.

Paying good wages to hardworking employees is not socialism or communism. Henry Ford understood this when he more than doubled the wages of his workers in 1914.

However, hundred years later, maximizing profit has become a fundamentalist dogma. You can imagine a conversation among the factory-farming executives:

Guy #1: Why the heck are these chickens roaming out in the farms? We would save so much money if we lock them up in cages.

Guy #2: Brilliant idea! Let’s lock up five chickens in a cage. We will save more. More is always better.

Guy #3: I really don’t understand why we feed them expensive salads and healthy stuff. Let’s feed them cheap GMO corn and GMO soy from my friends at Monsanto.

Guy #4: Experts tell me that if we give them caffeine and anti-depressants, the chickens will stay awake longer, eat more, and get fatter.

Guy #5: And when they get sick, load them up with antibiotics and steroids.

Guy #5: These stupid chickens are also so small. Let’s drug them with some growth hormones. I am getting a lot of pressure from the private equity funds about profits per chicken.

Apart from being inhumane and psychopathic, this system forgets or ignores the fact that we have to eat these chickens. Sick chicken = sick people. Call it Karma or “revenge of the chickens.”

Similarly, poor workers = poor country. And you can imagine a similar conversation among corporate executives regarding workers – “cut their wages and benefits”, “make them work overtime”, “hire part-time employees rather than full-time” and so on.

You can’t grow the economy if American workers don’t get paid enough, especially by profitable multi-billion dollar corporations. 2/3rd of our GDP is based on consumer spending. It’s no wonder that in the last ten years, the US economy cumulatively grew only by a dismal 35%. Compare that to China, which grew by an astounding 200% during that same period.

And it’s not a coincidence that China’s average wages have more than doubled in the same period:

The solution for low wages primarily lies in the hands of corporate elites. Labor unions are almost non-existent in the private sector these days; and the government doesn’t have much control over corporate America – in fact, corporations control the U.S. political system. Free market doesn’t have to translate to cancerous greed and extreme exploitation. Free market also means that corporations are free to share their profits with their employees. Finally, free market can and must also incorporate patriotism, responsibility to the society and strategies for sustainable prosperity.

Chris Kanthan is the author of a new book, Deconstructing the Syrian War. Chris lives in the San Francisco Bay Area, has traveled to 35 countries, and writes about world affairs, politics, economy and health. His other book is Deconstructing Monsanto. Follow him on Twitter: @GMOChannel

Image credit: Anthony Freda Art

(3 images)

Post Comment   Private Reply   Ignore Thread  

TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0) (Edited)

Disneyland, the Gayest place on Earth, should spell "Cast Member" - "Caste Member"

VxH  posted on  2018-03-12   10:10:23 ET  Reply   Trace   Private Reply  

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com