Quote:
Originally posted by DaveE
Here's your lesson; you're paying $2.80 a gallon for gasoline and all the major oil companies have announced quarterly profits in the $300-$600 billion range.
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Lots of us smart people plus a number of troglodytes with grade nine educations are pulling down up to seven figures or more this year thanks to having "tenure" and having graduated to middle management with an oil company. Ain't got nothin' to do with hard work and clean livin'.
But there in lies the crunch of capitalism - probably about 5% of the employees (the upper crust) get to enjoy this largess. As to John Q Public who actually owns that oily stuff before it gets to the well head - what does he get for his trouble? Why $3 gas, of course!
The Kens and Bernies and the Enrons and the Worldcoms hit the radar screens of everyone – these are the tiniest of the teeniest tip of a corporate iceberg that does not reward any of the virtues that the principles of capitalism purport it to reward. The real payoff? All you need is good communication and social skills, high IQ and a bit of luck. Pretty much anything else short of being born wealthy means jackcrap anymore.
What‘s capitalism doing for you today that it isn't doing for the richer guy down the road in a much bigger way?