[Newsbot]

Title: Nader Greed without Accountability Economic Domino Theory
Topic: U.S. Politics
Written By: Janet M Eaton
Date:
The worst top management of giant corporations in American history is also by far the most hugely paid. ..The bosses of General Motors (GM) have presided over the worst decline of GM shares in the last fifty  years, the lowering of GM bonds to junk status, the largest money  losses and layoffs of tens of thousands of workers. Yet these top  executives are still in place and still receiving much more pay than  their successful counterparts at Toyota...Then there are the  financial companies. Top management on Wall Street has been beyond  incompetent... The banks, investment banks and brokerage firms have  tanked to levels not seen since the 1929-30 collapse of the stock  market.....Fannie and Freddie were run into the ground by taking on  very shaky mortgages under the command of CEOs and their top  executives who paid themselves enormous sums.
There are ways to prevent such crashes.  In the nineteen thirties,  President Franklin Delano Roosevelt chose stronger regulation,  creating the Securities and Exchange Commission (SEC) and several  bank regulatory agencies. He saved the badly listing capitalist ship.  Today, there is no real momentum in a frozen Washington, DC to bring regulation up to date.
Now the entire US economy is at risk. The domino theory is getting  less theoretical daily. Without investors obtaining more legal authority as owners over their out of control company officers and Boards of Directors, and without strong regulation, corporate capitalism cannot be saved from its toxic combination of endless greed and maximum power - without responsibility. 
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[RPW]

It's quite obviously the workers' fault............the theory (as espoused by governments in Canada of late) that you only get what you pay for, plainly shows that the workers are 'sub-standard' because they aren't getting paid enough.

And no matter how much you pay executives, none of them can make the wheels go 'round without the workers............