Amazon's Jeff Bezos has just made $16 billion in a single year.
"Working four days in a row without sleep; a woman with breast cancer being put on 'performance-improvement plans' together with another who had just had a stillborn child; staff routinely bursting into tears; continual monitoring; workers encouraged to turn on each other to keep their jobs."
Amazon: Devastating expose
Bill Gates, technology advisor at Microsoft, is now worth $76billion.
Amazon: Devastating expose
But some people want to throw Microsoft Windows 10 out the window
Recently Toshiba was involved in a $1.2 billion accounting scandal.
Volkswagen has had a major push to sell diesel cars in the US, backed by a huge marketing campaign advertising its cars' low emissions.
Yet, reportedly, the cars have now been shown to emit 10 to 40 times the legal amount of dangerous substances while on the road.
Stephen Hester
Stephen Hester picked up millions of pounds in shares for not turning round Royal Bank of Scotland.
Hester became eligible for an £8.5m payout for not turning round insurer RSA.
Pay can sometimes seem to reward failure.
Pay can sometimes seem to reward failure.
Helge Lund qualified for a £28m pay-off after two months as BG Group chief executive.
BG's shares have fallen.
HP’s Léo Apotheker was paid $30.4m for 11 months' work, including the acquisition of software group Autonomy, which resulted in an $8.8bn writedown.
Alan Fishman received $20m for 17 days spent not saving US bank Washington Mutual from an emergency rescue by JPMorgan.
The Powers-That-Be ensure that the champions of 'the people' are ineffective.
Alan Fishman received $20m for 17 days spent not saving US bank Washington Mutual from an emergency rescue by JPMorgan.
The Powers-That-Be ensure that the champions of 'the people' are ineffective.
Bill Johnson was hired by Duke Energy when it acquired his company Progress Energy.
After one day in the office, he left the company, taking exit payments worth $44.4m.
Pay can sometimes seem to reward failure.
Pay can sometimes seem to reward failure.
So, crime does pay.
ReplyDeleteVW is getting screwed by the USG because Merkel made soft, cooing sounds towards Russia.
GM knew they were selling defective killer vehicles, close to 200 dead so far with many more homes burnt down due to the ignition switch catching fire and they get a fine 1/20th of VW's?
Germany is being taught a lesson.
One of these days, the USA will have to pay for all the misery it has caused to others, and payback will be a mother.
Recently, I left a job at a Bupa care home. Working there was a male nurse with over 20 years experience. When you stand alongside someone like that you can actually feel the calmness and strength he brings to the shift. It is similar to the presence the Wise Man brought to the Wedding at Cana. That story is about being spiritually well. I believe it's a metaphor. Jesus was able to chill a whole wedding out with the force of his personality. He made everyone feel AS IF they'd had a drink. Alcohol, as we Celts well know, takes the edge off things. He must've had a lovely sense of humour! The water turned into wine.
ReplyDeleteAnyway, that wonderful nurse was being paid by BUPA £12.56 an hour. And this in the South East of England where house prices are absurd. A postman on a temporary contract earns a basic of £11.30 an hour. It is an outrage. Frontline staff are being squeezed to the pips drop out and if they make a mistake they're on the fucking news. BUPA are disgusting but the NHS is worse. I read in the local press that unqualified staff are acting as Triage nurses in the local A&E. Unbelievable! And yet the Trust will claim 'robust systemic procedures' are in place and continue to gamble with people's lives until they get caught.
As a registered nurse I have to pay £120 quid a year to the ridiculous NMC for the privilege of being shafted by these psychopathic monsters. No more. I cancelled my DD yesterday. 'Changing people's lives' 'making a difference' do nurses believe this shite anymore? As a RMN I was just a pawn for the big pharmaceutical companies handing out their dangerous drugs. Anyone in any doubt should check out Robert Whitaker's Anatomy of an Epidemic. Once you know how can you continue? Ronnie Laing saw all this 30, 40 years ago and they fucking hated him for his integrity and humanity. As Laing said the first rule of health care is TO DO NO HARM. Psychiatry is basically selling Snake Oil out the back of covered wagons. Like that bloke with the eye patch who keeps losing a limb every time the Little Big Man sees him. Only Big Pharma have all the academics fully paid up now peddling their lies. The DSM makes up a psychological disorder so they can medicate it. It's obscene.
Are TPTB running services down so that private healthcare becomes inevitable? Are they? I think they might. Flooding the country with foreigners good idea too.
That's one hell of a good comment, 3:02 Anon.
Deletekpatrickryan
(and yes, you're of course correct. They'll run services into the ground then claim only the heroes of the private sector can return things to their past glory.... that song is on repeat and gets played [and by extension the people get played] over and over and over again.)
Top company CEO's have very good pay off packages and pension plans if they get made redundant for screwing up. Also, they get paid enormous bonuses and get more company shares when the company does well in any 3 months so they will do anything to get the share price up. They will cut back on R&D, close divisions, contract out much of the work, cut the amount of employees they need to the bare minimum, and borrow money from the banks to buy back company shares.
ReplyDeleteNow doing all of the above may produce high profits for a few years and the CEO gets huge bonuses but eventually the company starts to under perform because of lack of investment and so the CEO might get laid off. But his redundancy package is fabulous so he walks off with a superb golden handshake.
As you can see the incentives were all wrong. CEO'S in the UK and the USA get paid handsomely for boosting profits in the short term even if it is not good for the company long term, and when it goes all wrong after a few years they get a fantastic golden handshake and scraper off. It's win win for those at the top while Western civilisation crumbles and becomes like the third world.
What we have is so sick, grotesque and evil that I find it almost impossible to judge capitalism from my life experience.
ReplyDeleteAll I have ever experienced was the depraved "Roman" version of capitalism that the Western oligarchs tried to impose as they became completely evil and insane.
Judging capitalism based on the nightmare from hell that confronts us would be like judging democracy based on the career of Dick Cheney.
Mass murder in Yemen.
http://crimesofempire.com/2015/09/30/saudi-warplanes-massacre-130-at-yemen-wedding/
A hoax no more. Russian warplanes will start bombing the enemies of Syria in the near future.
http://crimesofempire.com/2015/09/30/the-russian-parliament-just-approved-military-deployment-to-syria/
'Capitalism' is the use of tools to achieve economic ends. If you use the term in another sense, then you should define it, but it will involve the undermining of yet another useful word. Richard Nixon said, 'We are all Keynesians now.' A hopelessly ill-educated American population had no understanding that John Maynard Keynes was just one more elitist, rich, banker-connected Fabian Socialist. It would be well to ponder the warning that 'The love of money is the root of all evil' and the inevitable implications of allowing it to be issued by a monopoly, whether public or private. A system that put caring for people, and protecting their autonomy, first would issue most money directly to the citizenry in the form of unconditional dividends, but this obviously sensible policy is not one you will see discussed in the banker-controled MSM and 'educational' institutions.
ReplyDeleteSuperb video with beautiful graphics. Money as cancer, the cancer stage of capitalism:
ReplyDeletehttp://www.hermes-press.com/mcmurtry1.htm
"I would like to introduce you, the reader, to some realities of our global banking system, resting on the rhetoric of free markets, but functioning, in actuality, as a global cartel, a 'super-entity' in which the world's major banks all own each other and own the controlling shares in the world's largest multinational corporations, influence governments and policy with politicians in their back pockets, routinely engaging in fraud and bribery, and launder hundreds of billions of dollars in drug money, not to mention arms dealing and terrorist financing. These are the 'too big to fail' and 'too big to jail' banks, the centre of our global economy, what we call a 'free market,' implying that the global banks--and corporations--have 'free reign' to do anything they please, engage in blatantly criminal activities, steal trillions in wealth which is hidden offshore, and never get more than a slap on the wrist. This is the real 'free market,' a highly profitable global banking cartel, functioning as a worldwide financial Mafia."
ReplyDeleteBy Andrew Gavin Marshall, "The Global Banking 'Super-Entity' Drug Cartel:
The 'Free Market' of Finance Capital," 10/28/2012
http://andrewgavinmarshall.com/2012/10/28/the-global-banking-super-entity-drug-cartel-the-free-market-of-finance-capital/
Capitalism and a free market are not the same thing.
ReplyDeleteThe feudal system was where a small elite, the ruling class, ruled ruthlessly. The ruling class believed that they had divine right to rule and that everyone else deserved what they got. This was fascism.
ReplyDeleteThen there was the industrial revolution and the peasants were removed from their land and forced to work in the factories of the aristocrats in the cities. The pay was poor and the work was very hard.
With millions of workers crammed into the cities they began to realise that because of their mass they had power and so started to demand democracy and created unions.
In Russia their was a workers revolution where some of the ruling class got executed. But in the power vacuum gangsters seized control.
After the Russian revolution the ruling elite conceded to some democracy but went about a propaganda campaign to trick ordinary people into voting for policies that favoured them rather than the themselves.
One of their tricks of the ruling class was to try to get as many ordinary people as they could into believing that they were mini capitalists. So the ruling class encouraged home ownership so people felt landed having small estates (a front and back garden). But most had to pay a small fortune for their homes and so became mortgage slaves scared to strike.
The self employed and the small businessmen were encouraged to believe that they were part of the go getting upper class too. So they were made to identify with the capitalist system where everyone exploits everyone else where you have to work hard to climb the ladder. This created a hard working society where there is never any rest.
The capitalist system is set up to create a large pool of unemployed so that there will be people so desperate for work that they will work for very low wages and this what keeps wages down. If you lose your job you might become one the unemployed and you might lose your home too. Then terror strikes and you will work anywhere, any hour, and for less money if needed.
Some people can't cope with long hours at work for very little pay and so become the long term unemployed. The ruling class can use these people as scapegoats for all the problems in society. These people are usually not very happy and tend to drink or take too many drugs.
In this way the ruling class can exploit the working class the way they have always done, but now millions of mini capitalists sanction it. The big fish eat the smaller fish and what you have to do was work your way up. Except most of the rich inherited their wealth.
By creating a society of mini capitalists the rich are able to get their party, the Conservatives, often voted in. And because people have to work so hard just to get by they become resentful of the long term unemployed. In this way the ruling elite can attack the benefit system so that no one gets much benefit even when they really deserve it. The ruling elite like this.
A cruel an harsh capitalist society is created, which is just what the ruling class wanted, but its not cruel and harsh for them, it's very cushy in fact. Too many people have been hoodwinked by the lies of the ruling class but there can be an alternative with a much better society with more leisure time, better pay, and with more enjoyment and fulfilment at work.
I've been looking over this fascinating sites today.
We can no longer afford capitalism.
http://www.hermes-press.com/capitalism_afford.htm
Capitalist Genocide:
http://www.hermes-press.com/capitalist_genocide.htm
"The Invisible Hand of the Market
ReplyDeleteThe invisible hand is a theory contrived by the economist Adam Smith. In a free market, Smith claimed, an individual pursuing his own self-interest will also promote the good of his community as a whole. Each individual maximizing income for himself will maximize the total revenue of society as a whole.'
Adam Smith was a lackey for the rich. If his theories had not suited the ruling class, no one would have heard of him. In the above statement he refers to the 'invisible hand', but no mention is made of the real invisible hand that the ruling class use behind the scenes to manipulate the market to suite themselves. The tables are tilted and the game is rigged.
Shabba me Whiskers! An interesting man? A bad man, Mr Gum!
ReplyDeleteFILM MAKER -
www.metacafe.com/channels/RotundaFilms/most_popular/
www.andrisfilms.co.uk/
PHOTOGRAPHER -
www.matherpix.com/page8/
whois.stsoftware.biz/matherpix-com.htm
https://www.bark.com/s/alan.mather/1/swpp.co.uk/members/Mather5395.htm
HORTICULTURIST -
www.flixens.com/director/alan-george-mather
DIGITAL IMAGING -
agmblog.co.uk/?author=1
BUSINESSMAN -
www.companydirectorcheck.com/alan-george-mather-2
Posted by "Polly and the Gingerbread Man" (with liberty taken to Andy Stanton, Author)
Sounds just the kind of man the "Services" need!
DeleteAgainst His-Story, Against Leviathan By Fredy Perlman...
ReplyDeleteA nice read that starts with:
The darkling plain is here. This is the waste land: England, America, Russia, China, Israel, France....
And we are here as victims, or as spectators, or as perpetrators of tortures, massacres, poisonings, manipulations, despoliations.
...Can't suggest a better Book for those who criticise Money based systems.
Anon.
A brilliant piece!
ReplyDeleteThanks for each comment.
Roy
Capitalism: Organized Crime. This Update from Microsoft confirms:
ReplyDeletegYxseNjwafVPfgsoHnzLblmmAxZUiOnGcchqEAEwjyxwjUIfpXfJQcdLapTmFaqHGCFsdvpLarmPJLOZYMEILGNIPwNOgEazuBVJcyVjBRL
I am sorry my last comment was not published. It was just a little joke inspired by the Occupy Education cartoon above.
ReplyDeleteI am a little puzzled, as I thought it was rather apt myself!
Great piece and comments BTW.
Sorry about that. I will search for the comment among the spam.
Delete- Aangirfan.
Can you send the comment again?
DeleteComment re-sent - still unpublished - I guess my sense of humour was not appreciated?
ReplyDeleteWhat was the comment? I'll look again in the spam.
DeleteYour spam filter is certainly hyper-vigilant.
DeleteI won't bother re-sending the comment - the joke is sure to appear lame after the build up!
Who's the guy next to Corbyn?
ReplyDeleteDerek Sawyer, Jeremy Corbyn's Former Constituency Agent.
Delete