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Is "benevolent Capitalism" an oxymoron? [View All]

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 09:29 AM
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Is "benevolent Capitalism" an oxymoron?
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It seems to be but I don't understand why that is the case.

If a company makes millions and millions in profit, why does it always seemed to be vacuumed away by the highest echelon with little to no thought of sharing the wealth with all levels of workers? That only seems to happen if the employees "demand" it if they become unionized. Otherwise, the goal is always to lower the cost of labor even when the profits support the current cost and even an increase. It's not like the executives and BODs are looking out for the shareholders in trying to lower the cost of labor. They are not lowering the cost of labor in order to pay out more in dividends, they are lowering it in order to take more for themselves.

Does being a capitalist mean that all manner of fair play and decency get thrown by the wayside? Is there ever a concept of "enough" for the upper tier? Does a healthcare executive lose any sleep at all cashing in their multi, multi, multi million dollar paychecks and stock bonuses while also knowing that their industry gathers those dollars by practicing "murder by spreadsheet" and denying procedures?

What happened to the moral core of the Enron traders who laughed while they stuck it to Grandma Millie in the California grid gaming that brought despair into the lower and middle class households of California when they saw their electric bills climb to unthinkable levels, resulting in business closures and job losses and bankruptcy?

What would make a company a benevolent capital enterprise? Excellent wages, excellent benefits, adequate vacation time, tuition re-reimbursement, a social conscience about their products and procedures, a desire to better their communities, a reasonable compensation for the upper tier of executives, and a return on investment for shareholders to let them know they can support a benevolent company and still make money doing it.
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