WORKING FOR A DICTATOR IN A DEMOCRATIC SOCIETY – You might be looking at the headline and wonder what on earth I’m taking about; surely the substance can’t be prescription medication for how could anyone assume that a dictatorship could work in a democracy.
On the other hand you might be nodding in acknowledgement that most of us are indeed trapped in a workplace ruled by dictators; regardless of the so-called democracy in which we live.
The truth is that the headline is perfectly correct; whilst we may have the ability to vote and express our views for what goes on in society the workplace certainly does not allow for the same democracy.
Of course you could take a very cynical view and suggest that democracy is simply the right to vote in the next dictator; such is the level of democracy any citizen experiences from government.
Everyday millions of people go to work and are dictated to on how the work is performed and at what level in order to increase year on year profit margins for the owners and shareholders of the company.
Yes the boss is a tyrant and there is little arguing that most of these dictators get off on the power they hold over their employees.
We talk of a capitalist society that is driven by the free market and yet capitalism, for many, is simply a form of slavery whilst the free market is nothing short of a regime operated by dictators.
Of course we have little choice but to accept the status quo because we are dictated to that this is the only way to earn a living; or more poignantly produce sufficient profits to keep the company afloat and the shareholders happy.
“It’s class warfare and my class are winning; although they shouldn’t be.” Warren Buffet
So who are these dictators to the free market? It is our bosses? Is it our Government?
It would be easy to think that either or both of these have the power to dictate to us what we can and cannot do but the real dictators are the Banks.
In 2008 Wall Street came crashing down due to their incompetency and greed and you might have thought, as these are all commercial entities, that the free market would have determined that their time had come and gone and therefore, like any business that fails, they simply go bankrupt.
“I sincerely believe that the Banking establishments are more dangerous than standing armies.” Thomas Jefferson, 1816
As you are aware the banks did in fact go bust, under the weight of enormous debt, but there’s an old saying… ‘If you owe the banks $1,000 you have a problem, but if you owe the banks a $1,000,000 the bank has a problem.’ This saying was about to come back and haunt the U.S Government and its citizens in a way no one could ever of imagined.
It’s all about accumulated debt and the larger the debt the more power you wield. Now that might seem strange but look at the consequences to the 2008 financial crash closely for this had a unique twist.
Yes the banks had an enormous problem; most of the directors were facing the realization that their bonuses were not going to get paid and so went to the Government and demanded a bailout.
Yes that’s right… demanded. George W. Bush was already heavily indebted to the Banks, after all the U.S Government had an outstanding debt of over $9 trillion dollars at the time and without the banks continued support it was almost certain that the U.S Government itself would face bankruptcy.
You might at this point be thinking that this doesn’t make any sense – after all if the Government owed so much money shouldn’t the banks have been the ones in trouble?
If it was private debt then yes but this wasn’t private debt, it was public debt and on a scale so vast that the Government simply couldn’t, or wouldn’t, allow those institutions to fail – if it did the U.S Government wouldn’t have anywhere to go in order to keeping borrowing in order to keep the U.S economy afloat.
The U.S public was justifiably enraged at the thought of commercial businesses being bailed out by taxpayer’s money.
The public took to streets to exercise their democratic right to tell their government that even considering a bailout what not consistent with American values or the values of the capitalist free market system – they were of course right but that didn’t stop Congress from writing a check for over $700 billion.
Whilst the banking industry breathed a sigh of relief knowing that their bonuses were now going to be safe – regardless of their incompetency – the average homeowner was now in serious trouble as these once bankrupt institutions now went knocking at the door for repayment resulting in millions of homes across the United State being foreclosed upon.
“Property monopolized or in the possession of a few is a curse to mankind.” John Adams, 1765
Yes, the banks had escaped bankruptcy through a Government bailout with the use of taxpayer’s money and yet the Government allowed the taxpayer to languish in growing unemployment, loss of their homes and abject poverty.
In 2011 the number of bank foreclosures on property reached a staggering 1 property every 7.5 seconds; the American people were now suffering at the hands of a capitalist society that no longer ran on the principles of the free market but rather by a few dictating who is bailed out and who is stripped of everything they own; the bankers won.
It’s now 2013 and the U.S economy is in a hole to the tune of nearly $17 trillion and yet despite the mountainous debt it still wants to invade Iran; not for its oil, not because they suspect the Government of developing nuclear weapons capability but rather Iran’s move to trade oil in gold other than in dollars.
It is of course a combination of the petro-dollar and the low interest rates that is keeping the United Sates and most European nations from going bust.
The question is how far have we moved away from an open free market system and can the U.S and other nations survive with capitalism being controlled by a few dictators?
The truth is that under the current system the bankers are getting richer with their vast bonuses whist the average hard working American (if they are able to find work) are being squeezed in order to pay for corporate greed, corruption and incompetency.
More and more American’s are now realizing that the are few jobs and with the prospect of losing their homes and being turned out onto the streets by the very corporations they bailed out is not only immoral it is nothing short of a criminal act upon the very foundations and fabric of the American way of life.
Regardless of the current financial crises almost all American’s will continue to work in a democracy ruled by dictators.