corporate profit

16 Apr

And the Squeeze Goes On

By Walter

As the world’s political and financial leaders seek to reinvigorate economic activity, it is no surprise that the greatest sacrifices and the largest contributions are being demanded from the workers, the laborers who actually produce stuff. As the economy begins to lurch forward in one sector or another, lack of confidence in the sustainability of the recovery is causing employers to delay hiring more workers to satisfy increasing demand. Instead, as reported in the Financial Times, “manufacturers have found that they are able to increase productivity by getting their employees to work harder or more efficiently.” If you are not squeezed out of your job, more work is squeezed out of you.

Read more

25 Mar

Meet GE, Corporate Citizen

By Walter

Allow me to introduce you to General Electric, labeled by the NY Times this morning as “the nation’s largest corporation.” On second thought, let’s let GE introduce itself. Here, on its website, is how it describes its role as a corporate citizen:

“GE’s approach to corporate citizenship and to business are[sic] driven by a common understanding of the role we can play in helping to solve the world’s toughest problems. Our goals are to make money (strong, sustained economic performance), make it ethically (rigorous compliance with financial and legal rules), and make a difference (ethical actions, beyond formal requirements, to advance GE’s reputation and long-term health).”

Journalist David Kocieniewski presents quite a different picture, beginning with the fact that GE made a profit of more than $5 billion in the US last year (and a total of $14.2 billion worldwide), and paid not one cent in taxes.

Read more

There will be expenses.You can help.

NEWSLETTER SIGNUP FORM

Sign up for our newsletter and get the latest news regarding The Coming Global Coalescence and the Whole Earth Design Project! Subscribe here.
August 2017
M T W T F S S
« Sep    
 123456
78910111213
14151617181920
21222324252627
28293031