Monday, September 12, 2011

Why No One Is Hiring

This article is old, but it's worth another look. To summarize, John Allison, chairman of BB&T loves Ayn Rand's Atlas Shrugged. I mean he LOVES IT!!! So much so that he makes his executives read it. And BB&T donates millions to the 'Ayn Rand Institute', whatever the hell that is.

Now, I don't own any stock in BB&T, but if I did, I'd sell it immediately. Christopher Hitchens perhaps put it best about Ayn Rand - Americans don't need further instruction on being selfish. It's in our DNA. But I would not want anything to do with any organization, especially a corporation, that operates on the premise that the individual takes priority over the collective.

Allison seems to think that if he breeds a culture of self-righteous government-haters, he's going to yield optimum results. That may make for some cute Carolina water-cooler banter with lively comparisons of our president to Mao levied some lovely starched shirt corporate scratch-golfing Glenn Beck jackboots. But if I were to commit the grave sin of imagining myself as a business owner, I'd be a little bit concerned if all my best employees were nihilistic self-servers.

We have a major problem. No one is hiring. A company that had 20 employees in 2007 fired five of them. Now the remaining 15 do the work of 20. And corporate profits are strong, incredibly strong throughout America. Shareholders snicker and feed bullshit to the executive boards of the corporations that serve as their personal ATM machines. Don't hire anyone back - claim it's still a crisis. All bullshit. The economy has returned but the 1% who own a quarter of America are itching to claim a full half of it.

It looks as though President Barack Obama has given up fighting. And it may very well be that our nation's next leader might be yet another Texas governor who conveys his worth by way of his inarticulation and intellectual disinterest. 1% of our nation commands 25% of its wealth. Corporate profits have enjoyed six straight quarters of double-digit growth, yet our population has been brainwashed to believe we need yet another Texan of sub-par intelligence to deliver us from an evil president who spends his days plotting to persecute America's precious yacht owners.

Conservatives love to lament an alleged cultural relativism that existed briefly in the 1960's. But now we're reaping the ill effects of an enduring moral relativism that infests our nation's boardrooms that masks itself as free-market righteousness.

Obama has given up. The dream is dead. We're doomed.

1 comment:

  1. I share a great deal of your frustration with the President. I am struggling with his inability to stand up for the 100,000 marchers in Madison who protested against the Governor's successful efforts to remove the right to collective bargaining from teachers. The fact that Obama challenged the country with a jobs program to be financed on the backs of the wealthy shows that he can still be the President I voted for. But as with Wisconsin, it may be too late.

    I've always called her "Ayn Bland." Long books with cardboard characters who spout speeches about the power of the individual. I prefer Thoreau.