factbat.com

This is a re-posted article which first appeared on factbat.com back in May 2009, and was titled "Big Banks Face Extinction; For Job Creation Huge Corporations Must Follow". It is posted again in light of the fact that the concepts mentioned in this piece will likely become a hot button issue during the next few years.

It appears that in the current Obama administration debacle, the public will increasingly seek more viable solutions to Barack's incessent Wall Street pandering and token gestures of meager penalties and softball admonitions of the crooks who continue to rob the American people of their wealth and heritage.

Especially since Wall Street and the corporate world currently employ government sanctioned criminal tactics with impunity and are now being allowed to gamble tax payer monies without risk to themselves because Obama has guaranteed them bailout funds for the next ten years with the new "bank tax" scam he is pushing.

His veiled agenda of bigger government and excessive powers sold as viable alternatives to actually allowing unsustainable and mismanaged "too big to fail" corporations and financial institutions to go under will eventually cause the public to force more transparency and accountability in the markets and government.

The audits and restructuring that follow will illuminate the necessity for small businesses to once again create the prosperity and sustainability so long lost to the Pierpont's, Rockefeller's, Carnegies, and Goldman Sach's of the nation, and will expose the lack of need for much of the rest of the scurrilous bevy of comglomerates now poisoning the country's hearts, minds, bodies and souls.

The reposted article is below...

It is a rather reassuring development to see that it is not only main street which is becoming fed up with the unabashed apathy and near contempt being displayed by huge banks and corporations, toward the average consumer and worker in America. In an article on a CNBC website, Wall Street and government appear to be getting the picture as well.

There is an incredible amount of inequity and risk being created in this nation by overzealous profiteers and decadently depraved money mavens who are literally crushing the average citizens with underpaid employment, massive lay-offs, incredulously deceptive investment schemes aimed at merging huge corporations at the expense of pensions and benefits, and a veritable host of environmentally unsustainable manufacturing being employed, with a waste disposal requirement for excessively produced, advertised and purchased products.

First, on the subject of unemployment in this nation (which has long been excessive), the amount of people who can find themselves out of work or fighting to stay above the poverty level, is constantly exacerbated by the turbid structure created and sustained in huge corporations who literally have almost no respect for the workers who literally support them, while also sustaining their profits by purchasing products.

Companies consistently seek to hire, and pay bonuses to, many executives on the basis of their talent (or lack of compunction) for finding, or helping to lobby and create, loopholes and laws which enable the company to reduce workers' benefits, pay, working conditions, or merely make them obsolete by investing huge sums of money into excessive and unnecessarily automated manufactuing techniques which increase profits, while at the same time reduce the quality of the products then being sold to consumers who essentially find themselves unemployable because of this process.

The huge corporation, much like the big bank, is incessantly rewarded for mismanagement because it is often nearly impossible to thoroughly regulate and oversee operations. Thus creating an environment where the profitability of the company, and its ability to satisfy shareholders and investors, becomes the paramount venture. Often, this is done at the expense of the one thing most companies have realized is structurally viable to reduce...its employees.

When there are millions of unemployed, or underemployed, workers in this nation who are more than willing to take somebody else's position at a ground-floor pay scale, it then becomes rudimentary for huge corporations to allegedly trim the fat by claiming that fairly paid, long-time employees, who have given decades to the company, are expendable. Conversely, this is not as easily accomplished in a smaller, more personally accountable, work place.

Not only will breaking up huge unsustainable and unnacountable corporations and banks force a more competitive employment market, it will also increase the quality of the products.

Furthermore, this greatly reduces the risk of negative economic and environmental impact on the nation because smaller fractions of business are more easily held accountable by inherent market parameters such as demand and viability. Far too many companies have grown so large that many products which are not sustainable, or at times not even profitable, have been able to proliferate quite reasonably within the huge balance sheets these companies manage, and typically are required to diversify in order to stay afloat.

Of course, another high point is the fact that corruption will be greatly diminished in such a market where the small amount of federal regulation necessary has a much greater chance of equitably, and efficiently curtailing abuse.

What may be the best part of all, however, is the fact that smaller businesses create the need for other businesses and new jobs, rather than new space or bugeuoning supplies to feed an oversized and self serving company.

The changing face of this world constantly demands that markets supply the ever progressing consumer base of nearly insatiable appetites with increased fidelity and technology. Therefore innovation and inspiration are necessary to stay competitive, and in the varietal world of small business this clearly illuminates the critical requirement for a more meritorious workplace, and higher, more competitive wages to compensate the many contributions needed to sustain it.