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Work, Jobs, Wealth and Society We have a problem with creating jobs in this nation.
IF the problem is not solved the impact of such a major problem on
our economy's wealth distribution system will seriously damage our
nation's social structure. There are social classes in our nation.
I know that fact comes as a shock to some of you. This essay is not
about making a value judgment or setting us up for class warfare.
I would hasten to add that some of my best friends in life were upper
class folks, but such comments would only serve to show my lack of
sophistication. My lack of prejudice toward the upper crust should
be self evident after you read this piece.
Wealth creation is often the product of work and capital applied to a social problem. Always is such a long time that I have vowed to seldom use that word in defining the limits of my statements. But often will do in this case quite nicely. Work and stored wealth, capital, are both essential to the creation of new wealth and the sustenance of our society. Thus the interests of all classes in our society merge where enterprise creates jobs and wealth. This is not a zero sum game where one group has to lose in order for the other to win. Greater wealth has been created by our system, in which workers and investors regularly create new companies and new prospects for work, than in any other system that has ever been created on earth. We call it capitalism, but we could just as easily have called it workerism, or cooperationism. Up to this point in our history the contributions of capital and the contributions of workers who live within our borders to the wealth creation process have been equally important. The way that both sides of that partnership have flourished in the past is a wonder of collusions and collisions that added up to the richest society on earth. There have been lots of arguments and even some violence but there never has been the threat of a falling out that could lead to divorce before. Now the greatest pools of capital in this nation are moving their production abroad and abandoning the US worker for younger, prettier, cheaper relationships with other work forces. Our Multinational Corporations have decided that the screwing they were giving the American worker was not as good as the one that they could give workers abroad. They are moving lock, stock and barrels of jobs overseas and in some cases paying workers one percent of what they pay them here. Is divorce inevitable? Fortunately these Corporations are only the temporary repositories of capital invested by people here and elsewhere. It is the people who will eventually decide what will be done with their capital, not the Corporations. So are our wealthier classes willing to let this go on forever? If they do they will have to move out of this nation eventually because the poverty that will be created will bring real class warfare back to life. They will also have capital denominated in dollars that will have shrunk in value so much that their wealth relative to their social contemporaries in other nations will look miniscule. Broken economic systems destroy social positions quickly if they are not fixed. The middle and lower classes need the investment dollars that create economic prosperity through work in a way that many members of the wealthier classes cannot imagine. It was not cruelty that led Marie Antoinette to lose her head over the comment about letting them eat cake, it was cluelessness! I have never had that driven home to me as completely as it has been since the "Frat Brat" has taken over our government. Oops sorry about that prejudicial remark but my delete key seems to be stuck. Our society works so well because it is supported by a well tested set of compromises that we reached long ago. Our worker classes will make our investor classes rich if they will share the wealth modestly. The workers will keep the economic engine running with their consumerism and their work as long as they have jobs to go to and a living wage to use as fuel for their consumption. Those two statements are just about precisely the sum of any real unwritten agreement that exists between the Upper Classes and the other classes in our society. We don't need to intermarry in order to find common ground. The classes in this nation have known their relative roles for at least seventy years now but those roles are starting to change again. The threat exists that the compromise between our social classes that created all of the wealth created since WWI will be broken. That will be tragic if it happens but there are still a lot of reasons it should not happen. The rich have economists to tell them what the results of changing things will turn out to be in the end. One or more of those economists will have to look at what will happen to the world economy if the Middle Classes lose their wealth, and with it their capacity to consume. Everyone will have less, not just the Middle Class and the poor. If the economic foundations disappear the top will fall too, just like the twin towers. Only this time the destruction would be caused by cluelessness, not anger. God bless you all and keep you all safe in this time of change in our social process. |
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