Posted 5 years ago on July 1, 2012, 12:16 p.m. EST by myows
This content is user submitted and not an official statement
I was reading about the recent protest of Walmart in Los Angeles. The article said that the owners (the Walton family) have 47% of the nations wealth yet they pay workers basically min wage with no benefits. I commented that although the Waltons may have billions of dollars, we have millions of PEOPLE and we should boycott until they decide to be more fair to the workers. Some people replied to my comment that "that aint capitalism". I then asked "So what is capitalism? When a few hundred billionaires stack the deck so that they own/control everything"? If that's the end result of capitalism maybe I'm not a capitalist. If capitalism means a vibrant working class with decent wages and benefits then I'm in"
By the way I work for a corporation (Verizon) that paid their top 5 executives 350 million dollars over the last 5 years and now wants to take away my pension and healthcare and is already sending American jobs to India!
What do you guys think? Is the end result of this system going to be a few hundred billionaires presiding over a serfdom? Or are there enough checks and balances for this not to happen?