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Old 03-01-2017, 05:52 AM   #1
wdmso
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Join Date: Jun 2012
Location: Somerset MA
Posts: 2,111
WHY SOCIALISM FOR THE RICH, CAPITALISM FOR THE POOR?

interesting article some my not like the author But this is a contributing issue why the Avg worker gets boned by the company ....


Mayer is CEO of Yahoo. Yahoo’s stock lost about a third of its value last year, as the company went from making $7.5 billion in 2014 to losing $4.4 billion in 2015. Yet Mayer raked in $36 million in compensation.


Even if Yahoo’s board fires her, her contract stipulates she gets $54.9 million in severance.

But the rest of America works in a different system.

Theirs is cutthroat hyper-capitalism—in which wages are shrinking, median household income continues to drop, workers are fired without warning, two-thirds are living paycheck to paycheck and employees are being classified as “independent contractors” without any labor protections at all.

Why is there no-lose socialism for the rich and cutthroat hyper-capitalism for everyone else?

Because the rules of the game—including labor laws, pension laws, corporate laws and tax laws—have been crafted by those at the top, and the lawyers and lobbyists who work for them.

http://www.newsweek.com/robert-reich...r-455066?rx=us
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