The Systematic Breakdown Of Our Economic System

1424 words - 6 pages

When I look around and see the general direction the quality of “living” is going I find myself constantly asking what the f*ck is happening here? From what I have come to understand is that the economic system that has been set up is set up in such a way to help the few that rest towards the top of the proverbial pyramid maintain a level of wealth; all the while ensuring those in the middle and at bottom struggle to stave off bankruptcy and poverty. Sadly the system affects more than just financials, evidence of this can be found virtually anywhere from the supermarket to the car dealership. The quality of the products that are being produced now-a-days is crap and becoming crappier which ...view middle of the document...

The point to big business is creating profit not jobs. New technologies, and factory automation lead production workers to lose their jobs as the production process was able to be parceled out around the world; this coupling of globalization and new technology has not reduced the number of jobs available these transformations have simply reduced their pay. “when someone calls themselves a job creator, they are not talking about the economy- what they are really doing is making a claim based on status, privileges and power.”(Nick Hanauer) [Inequality for All] Another thing I have come to see is that there is no such thing as a free market, the government sets the rules by which the market functions and these rules are necessary in order to construct a “free market”. The real question is who do these rules benefit? And who do they hurt? The growth of wages and productivity seemed to rise together until the late 1970’s when wages flattened; if you were looking at the private sector union membership rate, and a middle class share of national income chart you can see one is the mirrored image of the other. In the late 1970’s there was a major assault on unions, and this was after regan fired the air traffic controllers- employers fought to bust unions that were already around as well as stop new ones from being formed. It can also be argued that employers only did so to maintain their competitiveness with other companies both in the U.S. and abroad who were non-union; with the deregulation of Wall Street, and the work of the political action committee citizens united this allowed for more and more excessive behavior by financiers, and fortune 500 companies. By keeping pay down companies were able to show higher profits. However ceo’s of these companies were starting to pay themselves large multiples of what the average worker was earning- all the while sounding their concern for work force reductions and lay-offs. “If the middle class worker doesn’t have power, if they don’t have a voice inevitably their wages and benefits will start eroding; if you have a company that is dependent on shareholders there is growing and growing pressure on that company to show better profits in order to have higher share prices; what that inevitably means is there is greater pressure to keep wages and benefits down to a minimum.” (Bob Reich) [Inequality for All]
This would leave the working class with three coping mechanism for the growing economic gap: young women went to work (young mothers, college grads). Both men and women worked 2nd, 3rd jobs, with overtime. Many took to borrowing and going into debt, using their homes as piggy banks essentially taking out loans, or put houses up as collateral. This created a growing debt bubble that...

Other Papers Like The Systematic Breakdown Of Our Economic System

The Importance of a Jury in our Democratic System

548 words - 3 pages The Importance of a Jury in our Democratic SystemAs Americans, we are given the right to a jury trial, one of the most important freedoms that out judicial system has to offer us. A jury consists of anywhere between 6 and 12 registered voters who determine whether a person is guilty or innocent in the act of crime that they are being accused of. Not only do they possess this power in a trial, but they may also judge the laws themselves and

The Breakdown And Rebuilding Of South African Society Within The Novel

970 words - 4 pages The Breakdown and Rebuilding of South African Society within the novel Cry, The Beloved Country “...what God has not done for South Africa man must do.” (25)      In the novel Cry, The Beloved Country, written by Alan Paton, some major conflicts follow the story from beginning to end. Two of these conflicts would be as follows; the breakdown of the tribal community and the power hope and faith pocesses to rebuild

The Effect of Varying Enzyme Concentration on the Breakdown of Hydrogen Peroxide in the Presence of Catalase

1209 words - 5 pages The Effect Of Varying Enzyme Concentration On The Breakdown Of Hydrogen Peroxide In The Presence Of Catalase Grade: 18/18 Words: 3000 Hypothesis – Hydrogen peroxide will breakdown to oxygen and water in the presence of Catalase. The reaction will increase with increasing enzyme concentration when molecules of hydrogen peroxide are freely available. However, when molecules of the substrate are in short supply, the increase in rate of

What Are Some Of The Likely Environmental Impacts Of The Operation Of A 'free Market' Economic System? What Can Be Done To Limit These Environmental Impacts?

1130 words - 5 pages negative. The reason why free markets are not a beneficial economic system is because of the full use of resources and lack of regulation, although they are good for markets such as Gross Domestic Product, there are foreseeable negative consequences for the quality of human life. Markets do not consider needs of future generations or public goods, like air, water, or the depletion of environmental stocks and exclude people with no or little

The Economic Role of Women

995 words - 4 pages important women that have influenced their countries and the world, politically, scientifically and economically in the last centuries. One of these women was Margaret Thatcher who transformed British economy performance over the course of her government as Prime Minister. She took drastic measures like: trade union reforms, privatizations, a strong anti-inflationary stance, and control of tax and spending. These measures created a better economic

The Economic Uses Of Hemp

741 words - 3 pages recreational substance as alcohol, made illegal due to political leaders’ interests in the lumber industry, and also a taxable commodity that can add exponential revenue to our economy. The outlawed drug is finding its way into hospitals and head shops in numerous states, some citing medicinal purposes, while others continue pushing for blanket legalization of the substance. However, catching a buzz isn’t the only thing the cannabis sativa plant has

Product a Breakdown of the Principles and Processes Involved in Formulating a Marketing Strategy Including Those of Market Research

2329 words - 10 pages MARKETING MANAGEMENT ASSIGNMENT Product a breakdown of the principles and processes involved in formulating a marketing strategy including those of market research. MBA ID: Word Count: 1901  A marketing strategy is composed of several interrelated elements. According the definition of marketing strategy by Study Market (2011), it outlines the manner in which the marketing mix is used to attract and satisfy the target market(s

The Structure of Our Crew

1253 words - 6 pages The Structure of Our Crew Have you ever been out-and-about with the guys or ever set up a ladies night with the girls? Sure, you are out with your friends, but you still compete with each other in society whether you know it or not. Guys feel that they must be the most ascendant and dominant in public. Just as Deborah Tannen states in “Sex, Lies and Conversation,” “boys groups are larger, more inclusive, and more hierarchical.” (p.82

The State Of Our Youth

1457 words - 6 pages As diverse as the cultures are in our modern world, there is always one parallel that brings us all together. It is the fact that we are all humans. No matter how much influence we have received on particular matters, we will inevitably think the way we want to think. From the day that we are born, we start to discover our individuality. Of course, it is always a challenge to act out on our thoughts, until we are given the proper credibility

Ingridenents of the Food System

4454 words - 18 pages quality, and protecting animal welfare. Food and health The food system is essential to health for the obvious reason that we depend on a safe and adequate food supply to survive. Globally, agriculture—the production of food and goods through growing crops and raising animals—provides the vast majority of the raw foods and ingredients that form the basis of our food supply.8 Food processing—the practices used to transform raw plant and animal

An Economic Analysis of the Death Penalty

2523 words - 11 pages AN ECONOMIC ANALYSIS OF THE DEATH PENALTY Natasha Drain Baker College BUS 650 Abstract The cost associated with the death penalty is more expensive than housing someone in prison for life. The economic recession today has several states thinking of cutting-back cost by eliminating the death penalty to confront huge budget deficits. The death penalty is used as a strong deterrent, but has it stop crime, no. There is substantial evidence

Related Essays

The Systematic Functions Of Management Essay

690 words - 3 pages The Four Functions of Management Planning Organizing Leading Controlling December 2, 2008 In today’s business world, we go through many rapid changes. And as managers, we must be able to adapt to these changes for the better of the company and still keep our basic rules and guidelines in play. Though difficult at times, good managers must be able to apply four main concepts to their work environment: planning, organizing

The Different Parts Of Our Legal System

1066 words - 5 pages The Different Parts Of Our Legal System Sabra D. Pope CRJ 201: Introduction to Criminal Justice Professor Celeste Johnston November 07, 2011 The reasons for criminal laws are to protect innocent people and to serve the public good. There are two key purposes for criminal laws. The first reason is to communicate public morality which is when a society chooses the laws which decides right or wrong for a community. The second reason for

The Causes And Effects Of Nervous Breakdown

1406 words - 6 pages Joji Ilagan International School of Hotel and Tourism Management JIB Bldg., Leon Llido Street, General Santos City In Partial Fulfilment of the Requirements in English 2 The Causes and Effects of Nervous Breakdown Submitted by: Sherlove C. Segura BS – ICHEF / HAZELNUT Submitted to: Ms. Aura Lee Bonanciar English 2 March 8, 2012 Acknowledgement The researcher would like to express her sincere gratitude to her teacher Ms

Nature Of Malaysian Economic System Essay

6025 words - 25 pages component of the country’s economic development. According to SMIDEC (2002), SMEs accounted for 93.8 per cent of companies in the manufacturing sector. They contribute 27.3 per cent of total manufacturing output, 25.8 per cent to value-added production, own 27.6 per cent of fixed assets, and employ 38.9 per cent of the country’s workforce. In addition, valueadded products from SMEs are expected to be worth RM 120 billion — or 50 per cent of