The above quote was made by an amerikan financier and businessman. I don't think his view is isolated to just him.
Let's look at the views of a more famous amerikan capitalist and industrialist. Henry Ford referred to employees as those stupid workers out there and believed that he should impose principles on them because they wouldn't know what to do if we(elitists) didn't impose those principles (control, manipulation and directions) on them.
Of course one of the things that you don't usually hear about Henry Ford is that he was an avid Adolf Hitler and Nazi Party supporter. When I told one NeoNazi amerikan about Henry Ford's generous financial support of the Nazi Party, the person replied that Ford was justified because those "Jewish Bankers" had denied Ford loans for his company. I guess being denied a loan is an excellent reason for supporting genocide and extermination of an ethnic group. (That's sarcasm folks!)
IN THE NEWS: CORPORATE PROFITS UP - WORKER WAGES DOWN.
Corporate profits are at the highest level since at least 1929. And corporate tax rates have not been so low since Herbert Hoover was president(1929 for Boy Scouts who might not know). Meanwhile, employee compensation is at the lowest level in 65 years. When employer paid benefits like health insurance, pensions, etc. are calculated, the total cost of compensation for an employee is at the lowest level of GDP since 1948. Where are all those good paying jobs that must be being created?!
Of course, with those corporate profits soaring, stock prices(DOW, S&P. NASDAQ) are soaring to all time highs. And who owns stock - the wealthy. I have a friend who was very happy when Exxon was earning 40 billion dollars profit a year. He just happen to own 3,000 shares of Exxon stock. Unfortunately, the average worker doesn't own much or any stock outright.
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