It is convenient for the powerful to discourage capitalism, the greatest system of social mobility known to man. The aristocracy tried to prevent capitalism because it threatened their position in society - they could not longer oppress society, they had to compete on terms of ability not just privilege.
Erm....the wealthy in this country DO discourage capitalism, according to your own definition. Because I've got news for you - '
ability' has less and less to do with making a living all the time, these days, and it is in fact becoming more and more about
privilege all the time! Because very
ABLE workers are being replaced DAILY these days - with much LESS 'able' workers in other countries, who are willing to work for pennies on the dollar. And this is being done by the very CEOs all over this country who CAUSED this massive economic circle-fuck to begin with (I mean, it wasn't the skilled rank & file workers of the banking industry or auto industry who made the decisions leading to this disaster - it was the big guys!), and who retain their jobs despite their responsibility, due to the
privilege provided to them by the old boys network and their political connections....and by their own wealth. A wealth which provides them with the means to protect themselves legally and 'spin' the responsibility for this disaster onto someone else.
In case you are unaware of the situation, in order to make themselves richer through short-term profits leading to HUGE bonuses, CEOs all over this country have shipped thousands upon thousands of professional jobs overseas during the past few years. Even within companies which continued to post huge profits during this ongoing recession.
This greed has displaced hundreds of thousands of highly trained, highly educated workers who have 'done everything right' their entire careers. They have paid for, worked hard for, and received advanced degrees and certifications, paid their dues by tirelessly working long hours, and have long, proven track records of success in their fields - engineering, software development, accounting, finance, project management, and other professional fields. These people are not 'lazy' as you assert. They are not unmotivated. In fact, quite the opposite - most have worked very long and very hard over the years for every PENNY they have earned. They have paid every tab entitled 'DUES' they have ever had presented to them for decades, and have done everything they could to bring about their own success and financial stability.
But these CEOs, who in their unmitigated GREED, think more about their current year bonus than they do about the long-term health of their own companies and the economic health of this country in general, have laid these workers off by the hundreds of thousands and have hired 'workers' in India or Brazil in their stead - workers with not even a
quarter of the skills or education - OR work ethic. The ONLY thing they have going for them is that they are willing to 'work' (if you could call 'showing up most days' 'work') for pennies.
And what do you think happens as a result of this? I've lived it, so I know. The remaining American workers in the company end up with the responsibility for 'getting it done'...and end up doing 3 people's jobs because the Indian doesn't know (or care) how to do the work....but is in another country, and is thus 'out of sight, out of mind' of the guys at the top. But the Americans left in the company have no choice but to do 3 people's work, because there are no other jobs for them to go to - no alternatives for them, because their former co-workers, who are just as highly skilled as they are, are flooding the job market with all of that talent and skill the company let go. So now we are left with a bunch of unemployed highly skilled professional workers...and a serious morale problem among the remaining Americans left in the company, who are now working 80 - 100 hour weeks and haven't had a raise in 3 years (due to 'the economy' don't you know

) while the big guys' bonus checks get higher and higher by MILLIONS a year (apparently, they are exempt from 'the economy' excuse).
I speak from experience here, as this is exactly what happened in my Fortune 100 company - and what continues to happen to this day. The people hired to 'replace' American workers are not more highly trained. Not more highly skilled. Not more highly educated. They are simply CHEAP. But those in charge know that if they make the remaining Americans responsible for getting the work done, it will get done - even though the 'replacements' have not a single CLUE. Management looks the other way, knowing full well that the replacements are clueless. They just spout the party line, claiming falsely that the Americans have plenty of 'help', knowing FULL WELL that this is not the case at all, but also knowing that they have the remaining Americans over a barrel in a lousy economy. They know full well that the Americans are simply having to work still MORE hours (in my case, over 85 hours per week) to make up for the lack of work product being generated by their so-called 'help' in frakkin' INDIA. But they know the Americans will do it, simply because having a job - ANY job - in this economy is better than the alternative of losing one's house and savings and ability to send their kids to college. Because hundreds of thousands of professional jobs are GONE. As in, FOREVER. Never to return. Thanks to nothing more than simple greed.
Retraining? What 'retraining'? What do you propose? That a highly trained software engineer or CPA get 'retrained'? For what? Working at McDonalds? Wallmart? Because those are the only jobs available. And even to work at McDonalds or Wallmart they have to lie, because no Mcdonalds or Wallmart manager will hire a guy with a masters degree in accounting, or engineering, or whatever to work for $8 per hour in an attempt to save his bloody HOUSE.
This economic downturn and high unemployment is not a result of incompetence on the part of workers. Your assumption there is false, and not even remotely in keeping with what we know about why this happened. This economic downturn is the result of greed and incompetence on the part of those in control - the CEO bankers who made the decisions in favor of risky credit, which CAUSED this crash. And the downturn is only exacerbated by the CEO tech company magnates and others who made (and continue to make) the decisions to favor cheap labor over quality labor, knowing that the remaining quality labor would have no choice but to pick up the slack for the incompetent cheap labor in the piss-poor job market and work those 80 to 100 hour weeks.
THESE are the guys who have destroyed this economy...but being the elitists that they are, the old boyz club all stand around patting each other on the back and telling each other how wonderful they are, as they systematically destroy everyone but themselves and the wealthy investors who reap the short term benefits of putting an entire class of hard-working and highly skilled people on the bread line.
I have no idea what you expect the middle class professionals of this country to do - people who have put 20+ years of their lives into companies, only to have their job shipped overseas to some clueless nitz who has less than half the education, certifications, and necessary skills (while in reality, their remaining co-workers are having to find a way to pick up the work).
But I assure you - WHATEVER the problem is here, it is NOT lack of training, skill, education, or motivation on the part of these folks that has them on the unemployment line. It is not even that the person now supposedly 'doing' their job is more qualified. Because they are NOT. I myself know highly trained fellow CPAs who lost their jobs and where told to train their 'replacement' in India, only to discover that this 'replacement' had never taken an accounting course in their life - they didn't even know a frakkin' debit from a credit!
Our only solace, as accountants, is the knowledge that this economy will only get worse as a result of these sorts of boneheaded 'management' decisions and that some day, we as a country will HAVE to wake up. Because some day one of these 'replacements' who doesn't know a frakkin' debit from a credit will make a massive mistake....and some overworked American will not catch it; or one of these big guys will commit fraud and no one auditing them is actually...oh...
trained as an auditor.....and we will end up with another Enron. Or several Enrons. Yes...we highly trained and experienced CPAs will STILL be standing on the unemployment line, but at least we will have the satisfaction of knowing we were right, anyway. And if we are REALLY lucky, we might even get to see a couple of these guys end up in jail. And maybe then someone will FINALLY figure out that these greedy bastards who insist upon surrounding themselves with the incompetent and cheap, are the ones at fault for everything that has happened in this country's economy.
This is all about the privileged rich and greedy taking advantage of the bad economy - a bad economy that THEY created, by the way - to screw their own hard working and very able workers in favor of their own bonus checks. I can only hope that some day, it will come back to roost for them too. But as things stand now, we are on the way to nothing less than a mode of feudalism, as best I can determine. A place where there will be the rich and the poor...and no one in between....and the poor being under the complete control of the rich, and subject to their every whim.
Even Ken Lay, through all of the millions he stole from his Enron employees 401(k)s, was able to spend enough on high-priced lawyers to avoid jail until he croaked. True, his wife whined endlessly about having to (*sigh*) sell one of their EIGHT houses to pay their legal bills. But the guy was able to stay out of jail.
Bummer that we accountants were robbed of watching THAT asswipe get his comeuppance.
But hey...I'm sure we are reading it wrong and that it was REALLY the fault of all of those incompetent Enron employees that lost their life savings.
In fact, I think they should all be required to reimburse Ken Lay's widow for the loss of that 8th house! I mean, it's the least those incompetent low-life Enron employees could do!
