The Hijacking of the American Economy

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The American people have heard a lot about the state of the economy. It has been said the Great Recession is over; that thousands of jobs have been added and the economy is growing, though slowly.

The truth is the economic system in the United States has been hijacked. It’s been hijacked by a message formulated by the corporations and their minions. Their minions are Congress and the military media industrial complex. Unfortunately a lot of small business owners, who after having heard the message so many times and having concluded that they are equal to the corporations that formulated the message, must now be included among the corporate minions.

The message: “Corporations want to create good paying jobs for Americans and could do so if only the President and Congress would stop making laws that interfere with their ability to do business. If, the message continues, The President and Congress stopped regulating business; these corporations could hire more people, pay higher wages and deliver better benefits.”

The first problem is of course, the message is a lie. These corporations tell the American worker and small businessman that big government is the problem; however these same corporations are the ones that own the White House and Congress. They are the ones making the laws and the laws benefit only them.

These laws are for the little people; the small business owner and the American worker, not the corporations.

The corporations care about one thing and one thing only, profit! A current example is the outrage over the cost of the Epi Pen. From 2007 to 2016, Mylan’s CEO, Heather Bresch’s total compensation went from $2,453,456 to $18,931,068. That’s a 671 percent increase. During the same period, the company raised the price of the Epi Pen, with the average wholesale price going from $56.64 to $600.

In 2015 Bresch also merged Mylan with a company in the Netherlands there by avoiding paying US taxes. Based on those numbers it would be expected that employees of Mylan would have seen their wages increase as well. However research shows that an employee at Mylan with 1-4 years makes around $12.98 an hour and an employee with 10-19 years make around $23.06.

The hourly wage of $12.98 an hour is not a livable wage and yet Ms. Bresch is making $19 million while her company escapes paying taxes in the United States.

This is the other side of the message, the one that corporations don’t want the American worker and small businessman to see. This is the reality of our current economic system.

For those who still believe the lie you have been told, I would ask you to look at three simple problems behind the message being peddled by these corporations.

The first problem is the growing inequality in compensation, or skyrocketing pay for those at the top of the economy, such as Mylan CEO, Heather Bresch, compared to everyone else.

The second problem is that the increased profits from increased productivity are going to corporate profits and not workers wages as is seen with the situation at Mylan.

The third problem is the increase in consumer prices. Forty years of stagnant wages don’t stretch as far in today’s economy and workers find themselves always playing catch-up. The American worker always thinks if I could make just a little more I could make it. That’s the con. The corporations have all the cards, pull all the strings and the worker will always be just catching-up.

The message circulated by these corporations answers all three of the problems I just posted. They do it by labeling anyone who complains, lazy, and unwilling to work hard to attain what these corporations have. It’s left out there that those who complain are just jealous of the rich and powerful and that if they worked harder and complained less they too could succeed.

However research shows that Americans are working harder, are producing more economic growth, but continue to fall farther and farther behind. Beginning in 1973 productivity, or the amount of economic output generated by an average hour of work, grew 72.2 percent. On the other hand, pay for the typical worker rose just 9.2 percent.

These corporations inject class warfare into our midst and have American workers blaming those less fortunate for the state of the economy. It’s easier to target the vulnerable than it is to blame powerful corporations like Mylan, Amazon, GE, and dozens of others for laundering their money elsewhere in order to avoid paying taxes to the US government.

These corporations with the help of their minions in Congress and the media keep telling the American people that inflation is low, that it has been kept under control. Anybody paying attention knows that statement is ludicrous.

Leona Helmsley once stated openly what all these corporations really believe. “We don’t pay taxes. The little people do.”

As long as this message goes unchallenged by the American worker and the small businessman, wages for the American worker will continue to stagnate, consumer prices will continue to rise, and corporations will reap the massive benefits!

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