Posted 2 years ago on Nov. 9, 2011, 6:52 p.m. EST by amarkincairns
from Cairns, QLD
This content is user submitted and not an official statement
The Story Of The Bloggs (original writing by A M Palmer, anybody may make and use copies)
Everybody agreed, Joe Bloggs was the very salt of the earth. We all admired his even disposition and the careful approach to life which had gained him a high place in the town, and we all loved him and his beautiful wife Betty, with whom he had brought up a couple of youngsters who themselves were local sporting stars and the duxes of their schools and seemed to us all to be the light of the district. Now here's the story of how through a simple mistake our most admired citizens came to help the evil god of Greed, who bids foul to destroy all life on earth, except maybe the cockroaches. It all started when Aunty Edith died and left Joe the house. Of course Joe already had a perfectly good house, and considering Aunty Edith's was quite some way away in the big city where Joe never went it wasn't much good to him as a dwelling. So for a few weeks after the funeral the house just sat there while the Bloggs went about their ordinary lives as they had always done, and then the sale went through, and a very large amount of money arrived in their bank account. At first the Bloggs didn't know what to do with so much money. They weren't in any rush at all, and it was a few weeks before Betty had an idea that excited her so much she could hardly wait for Joe to get in the door to tell him about it. "Joe!" she cried as soon as he had decently sat down, "Joe I know what we can do with the money from Aunty Edith! Let's not leave it in the term account like we'd been planning, but invest it in the stock-market!" She held up the newspaper. "Look, here's an ad from a firm in the big city which is set up just to help people like us. We can give them the money, and they'll pick out a good share portfolio, and instead of just giving the money to Stan and Julie for their university we can get a lifetime of modest income for us all and oh, Joe, it's everything we ever dreamed of!" Of course Joe wasn't going to rush into anything new but then again he was no fool either and he could see a good thing when it was in front of his nose, so after he'd thought it over for the weekend he said yes and Betty was really thrilled as you can imagine. The next day down at the Drop Inn coffee bar Betty told Hazel and Hazel told Sue and before long it was all over town and all the wives told their husbands how clever Joe Bloggs really was and what a good provider for his family so that before long the firm of stockbrokers in the big city had millions of dollars all from that one little town and all because of Betty who of course kept quiet and took every opportunity to say how wonderfully happy she was with her man Joe. And that's where you'd think the story would end, with everybody happy and prosperous and with no losers. But there was something that Joe and Betty had forgotten, so let’s do a little bit of thinking for them. What the Bloggs had done was to give all that money to an investment adviser with one very simple instruction: they wanted to make money out of the money they already had. The investment advisor chose a portfolio of shares with an eye to the annual income that would be generated for Joe and Betty (and himself), and the companies whose shares the Bloggs ended up owning got the message: "the more money they could make for the Bloggs, the more the Bloggs would be prepared to invest next year". Now, let's see what companies the Bloggs invested in. Among them was a construction company which specialised in cheap houses for poor people in a neighbouring country. Sad to say, those houses tended to fall down. There was an insurance company which started finding ways to raise premiums for public gatherings so that farmers' markets and school fairs and amateur drama groups ended up being unable to operate. And there was an armaments manufacturer which specialised in remote controlled bombs which it sold both to their own country's army and to their enemy in an unjust war fought on soil which belonged to neither protagonist. Joe and Betty have a responsibility for the behavior of their companies, and a share of the blame for the things their companies did to generate the profits the Bloggs wanted. With no mandate from their owners but the generation of profit, the companies destroyed the happiness of millions of people. They polluted lakes and forests and the sea and they just don't care if they destroy the whole Earth, and even now they walk over the rights of ordinary people just like Joe and Betty Bloggs wherever they go. Through the combined greed of ordinary people, Greed itself has become embodied and alive on the Earth.