Hard to fix problems when everyone’s avoiding blame
DEAR EDITOR:
Re: “CEO pay rose 17% in 2021 as profits soared,” May 28
There must be a point at which the status quo — where already huge corporate profits are maintained or increased while many people are denied even basic shelter/income — can/will end up hurting big business’s own monetary interests. I can imagine that a healthy, strong and large consumer base — and not just very wealthy consumers — are needed.
Or could it be that, generally speaking, the unlimited profit objective/nature is somehow irresistible, including the willingness to simultaneously allow an already squeezed consumer base to continue so — or even squeezed further? It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.
When it comes to unhindered capitalism, I can see corporate CEOs shrugging their shoulders and defensively saying that their job is to protect shareholders’ bottom-line interests. The shareholders meanwhile shrug their shoulders while defensively stating that they just collect the dividends and that the CEOs are the ones to make the moral and/or ethical decisions.
Meantime, human existence en masse essentially remains analogous to a cafeteria lineup consisting of diversely societally represented people, all adamantly arguing over which identifiable person should be at the front and, conversely, at the back of the line.
Many of them further fight over to whom amongst them should go the last piece of quality pie and how much they should have to pay for it — all the while the interstellar spaceship on which they’re all permanently confined, owned and operated by (besides the wealthiest passengers) the fossil fuel industry, is on fire and toxifying at locations not normally investigated.
Frank Sterle Jr., White Rock