Capitalism Needs Morality

I have a friend he is sitting on the right side of the road and I am sitting on the left side of the road. We are both close to the dotted white lines in the middle of the road but we are none the less in different lanes. He is very intelligent and an accountant. So where do you think I would turn my discussion towards? That's right, Capitalism and the failed economy.

My friend made a statement that I found to be very profound. He felt the failure of the banking industry and the auto industry came from a lack of morality within the companies. Any corporation that intends to grow and prosper needs to have the morality to look out for the company as a whole. The company must make a profit. The workers must be compensated for a job well done. No one man is bigger than the company as a whole.

No one man is bigger than the company as a whole. CEO's in the 1980's were receiving a salary 20 times greater than the average worker. In 2008 CEO's were making 400 times as much as the average worker. Corporations were no longer profitable and the men at the top were bigger than the company as a whole. The banking industry claimed that they had to compensate their people so well or the people would leave. Your company is failing why would you want them to stay?

The workers must be compensated for a job well done. Unions have long hid lazy people amongst the work force. When I was in Local 310 Laborers Union I was told to slow down so that the union could get another man on the job. If I slowed down I could be the next worker laid off by the company. I always felt give a company 100% for eight hours and the company would prosper and I would have a job. Yeah I know it doesn't always work out that way, I am laid off right now. The unions over stepped their bounds and the construction industry, steel mills and the auto industry are now paying for it. Men slept in cranes, heating ducts, trucks, where ever, for six out of eight hours and were paid for it. They could not be fired because of the union. I have a friend who demanded to be paid $200 for a four to five hour concrete job and said he really should be making $250 for the day no matter how long the job takes. He is filing for bankruptcy. Another friend refused to work for $15/hour I can not call him because he refuses to answer his phone because of bill collectors.

The company has to make a profit. The companies have all moved out of the United States there was no loyalty to the workers or the management. Now that the good times are gone everyone is pointing fingers. Management raped the company with their high wages. Labor raped the company with low quality work ethics. Where was the guilt? What about the Corporation? There was no foresight. It was all about ME. What can I get? What do I deserve? If the company no longer exists you can't get any thing. Where was the Morality? Had the management taken fair compensation for their time and been punished for failure there would have been more money for the company. Had labor given an honest days work for an honest days wage the company would have prospered. Had the company prospered they never would have left the United States.

THE END

Here is a bit of a side note. First Energy is asking for rate hikes on our electricity, I say NO. A CEI worker gets an hour drive time to get from the barn out their job. So if the job is 10 minutes away they waste 50 minutes because they get an hours drive time and they use it all. Add for the hour drive home. So now they are only working a six hour shift. They get a half hour for lunch and a 15 minute break in the morning and afternoon. Now they are only working a five hour shift. If it is below 32 degrees they get to sit in their trucks for ten minutes every hour. So in the winter they are only working a four hour shift. If it sprinkles they sit in their trucks until it stops. No work for that day. I am in construction if it is cold out we work or go home. If it rains out we work or we go home. We do not get drive time to and from work. The PUCO needs to clamp down on CEI and get them to do some work, then they would not have to raise our rates.