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Why Apologists for American Capitalism Are Idiots

Carol Bartz, CEO of Yahoo!, is universally recognized as a moron and a failure. Yahoo!'s management, too, is regarded as a group of do-nothing, know-nothing failures. They have failed the company, and yet what is going to happen to them? Carol Bartz earned $39 million.  For one year of "work."  She failed, and that's her punishment. Meanwhile, she and her stooges are going to outsource over 1,000 American jobs. The people who showed up and actually worked are going to lose their jobs: Yahoo managers are preparing to layoff 20% of the company, TechCrunch reports, citing two sources. That, in essence, is American capitalism. A few insiders loot public companies. The working stiff gets fucked. If you want to defend Bartz by citing the "free market" or whatever, my question is: Why?  Really, what the fuck is wrong with you? Why defend overpaying a CEO and outsourcing American jobs?  How does American capitalism benefit you or your family?  Do you think you're going to be a CEO?  Really?  Perhaps you'll claim to be an intellectual warrior who fights for what's right - even if what's right is to your own detriment...continue to full post

Full post as published by Crime & Federalism on November 12, 2010 (boomark / email).