The Mudcat Café TM
Thread #78659   Message #1421700
Posted By: CarolC
26-Feb-05 - 03:47 PM
Thread Name: BS: Why do we need poverty?
Subject: RE: BS: Why do we need poverty?
If the accordion playing Bee-Dub is making a large profit, he should at least pay them enough for basic survival. But he is still greedy if he is makig a lot of money from their efforts, but is only paying them subsistance wages. The operative word is "exploitation". Is he exploiting people, or is he paying them a fair wage? Paying a fair wage on the large profits we are theorizing about would not necessitate paying them the same amount as he pays himself, but it wouldn't necessarily preclude it, either.

I think another big part of the problem is the stock market. When corporate CEOs make decisions that are good for short term profits (as they so often do), rather than for long term health of the enterprise, we see the people at the bottom, the ones witout whose efforts the wealth could not be created, suffering the most.

Probably the most humane and sustainable systems for production of goods are the empolyee-owned companies... the ones in which the company was being sold and the employees got together and found a way to buy the company instead of it being completely sold out from under them to some predatory corporate interest.