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Originally Posted by Pleasurepays
the problem with your shortsighted view is that when companies are more profitable, they create more jobs, pay more in taxes and pump more investment dollars into the economy.
your argument like arguing that robotics hurt the economy. efficiency and increased profitability helps everyone.
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The problem with this picture is that the company makes more profit, which in turn makes their investors more profit. Most of the investors are very influential people, who in turn lobby the congress, and then the company pays less taxes.
You have a very pollyanna view of the world. There is no corporate greed, companies always do whats best for the worker and the environment.
Yep enron was really looking out for the employees. So was worldcom.
The sad part is, my retired parents who were working stiff all their lives, have to pay horrendous electric bills. You know why? Because even though Enron is out of business, the state of Oregon is on the hook to pay the rest of the contract they signed. Economy 101 for all the little brains. That means they are paying for electricity they aren't getting from Enron, plus the electricity they are getting from another company. Damn we have one fine gov. now. God bless GWB and all his big business buddies.