Editorial: Is it time to have your voice heard and join the Occupy Wall Street Movement. We all agree that the current political parties have failed to lead the middle class of America to the promised land. Instead it seems that they are continuing to function as proxies for well financed special interests.
The result is a country that no longer can create enough high quality, high paying jobs to support a reasonable quality of life. (notice I did not say Great quality of life). What our system of capitalism has evolved to seems to be more about creating perceived shareholder value so that the C class executive can extract as much money from the system. A C class (CEO'a) exec's compensation is no longer defined as a reward for success. It is now a given or is that a give me, when you are part of "the club". The corporate model for success is simple. It is played out in these steps over and over.
- Hire a new CEO or the current one is born again.
- Restructure with fewer employees (fire them)
- Get higher short term productivity (duh, less people more work- Genius)
- Improve Profitability
- Shareholders and Wall Street applaud. Just listen to talking heads like Cramer and Kudlow drone on.
- Get paid a big fat bonus
- Year 2 or 3 lose market share
- Profits Sink
- Get Fired with Golden Parachute.
- More employees get laid off. Now that you need to cover the golden parachute bonus too.
A terrible sad commentary when you realize that many of these execs are fellow Boomers. Born at the edge of the protest movement of the 60 and 70's. Now just a bunch of old , fat guys sitting around sipping fine wine while they trade derivatives or suck the latest life energy out of the other 99% of America's workers.
So what can an organic movement do? That is up to you. We still have an electoral system that allows us to facilitate change. Was Egypt, Tunisa, Spain just the beginning?
Perhaps America has lost its self respect. Maybe it is time to take it back. Whats your reaction? Do you really care? Are you feeling enough pain to get out of your Sunday Football Lazy Chair? Would you like to scream " I am mad as hell and I am not going to take it anymore".