In the News (from OpEdNews.com): “The U.S. economy is picking up steam, but most Americans aren’t feeling it. By contrast, most European economies are still in bad shape, but most Europeans are doing relatively well. What’s behind this? Two big facts. …

“American lawmakers respond to the demands of wealthy individuals (typically corporate executives and Wall Street moguls) and of big corporations — those with the most lobbying prowess and deepest pockets to bankroll campaigns.

“The second fact is most big American corporations have no particular allegiance to America. They don’t want Americans to have better wages. Their only allegiance and responsibility is to their shareholders — which often requires lower wages to fuel larger profits and higher share prices. …

“By contrast, big corporations headquartered in other rich nations are more responsible for the wellbeing of the people who live in those nations. …

“Governments in other rich nations often devise laws through tri-partite bargains involving big corporations and organized labor. This process further binds their corporations to their nations.

“Meanwhile, American corporations distribute a smaller share of their earnings to their workers than do European or Canadian-based corporations. ….

“The U.S. middle class is no longer the world’s richest. After considering taxes and transfer payments, middle-class incomes in Canada and much of Western Europe are higher than in U.S. The poor in Western Europe earn more than do poor Americans.

“Finally, when at global negotiating tables – such as the secretive process devising the “Trans Pacific Partnership” trade deal – American corporations don’t represent the interests of Americans. They represent the interests of their executives and shareholders, who are not only wealthier than most Americans, but also reside all over the world.

My Comment: As a result, our egoism will divide the world into several million very rich and the rest in billions of extremely poor, and then it will proceed to destroy unwanted mouths…
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