Upsetting
Friday, April 18, 2003
 
The mind-bogglingly corrupt and soulless actions of the executives in charge of American Airlines illustrate the degree to which the superrich try to insulate themselves from the functions of the real world. The emperor hasn't just lost his clothes, he's also lost his mind.

After coercing their unions to agree to $10 billion in pay cuts over the next six years -- purportedly to help the company avoid an impending bankruptcy -- it was revealed that the American Airlines executives had decided to give themselves bonuses and implement plans to protect their pensions even if the company went broke.

Analysts said American's managers showed poor judgment in approving generous perks for themselves while the airline industry slumped, shareholders were losing money and employees were asked to take big pay cuts.

"They basically blackmailed their workers with threats of bankruptcy," said Lance Compa, a Cornell University labor law professor. "It puts a moral onus on management to share the pain."


You may not see the flames spreading now, but if the elite of this country continue to exploit the proletariat, the population of the class of people with, literally, nothing to lose will someday encircle them and swallow them up. There just aren't enough walls or weapons to fight them back.

I understand how capitalism works, and there can be some very ugly consequences. Greed seems to have become a religion.

I hope they're careful of what they wish for. I know I'd be.
 
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