Saturday, March 12, 2016

How the Dark Side of Supply Side Unleashed the Zombie Apocalypse


The giant sucking sound came without warning, the sound of 1,400 jobs moving from Indianapolis, Indiana, to Mexico. “We recognize the impact on employees, their families, and the community,” announced the president of Carrier Corporation, the HVAC Division of United Technologies.

“Yeah, [expletive deleted],” an angry voice shot across the room.  Following three consecutive years of record earnings, plus a $12 billion stock buyback, the layoff was a shock, an act of betrayal. The giant sucking sound hardly made the evening news; but we hear it everyday in communities across America:

“Monday, Monday, so good to me;
Monday morning, it was all I hoped it would be.”

The kids, the car, the home, how will you pay bills without a job and keep your family afloat?  Desperate to find work, any work, part-time or full time, neighbors put off weekend chores to Monday.  Why Monday but no other day of the week, you ask?  Sometimes it just turns out that way.

Job or no job, good lawn mowers make good neighbors.  Cutting grass keeps up appearances and keeps peace in the neighborhood. Witness this exchange of greetings when neighbor meets neighbor at the mailbox:

“Good morning, Mr. Briggs. How are you today?”
“Mighty fine, Mr. Stratton. And yourself?”

How and when our fortunes changed is a tale of greed and deception run amuck. It started years ago when corporations and their political slush funds, also known as PACs, won the right to be treated as real people with full rights of personhood.

Suddenly, Lampposts, Manholes, and Utility Poles United sprang to life with special powers and privileges. Little did we know what was to be.

In short order, Manholes lobbied for tax cuts. As job creators, they claimed, tax cuts for Manholes would promote investment, economic growth, and jobs for everyone. No doubt, those tax cuts made Manholes rich; but no job falling into an open manhole has ever been seen again.

Tax cuts for Manholes have meant less revenue for our town.  To cover years of shortfalls and deficits, Lampposts in league with Utility Poles told the town council to cut services, slash payroll, and raise property taxes (which forced Mr. Briggs to sell his beloved home).

Years ago, when a Lamppost burned out, a service truck came to the neighborhood and replaced a bulb. This year, they say: “Buy your own bulb and replace it yourself.” Last year, Lampposts traded in their service truck for a Lexus. This year, they’re driving a Rolls Royce (and still demand a raise, a bonus, and more tax cuts).

Zombies United turned neighbor against neighbor. Manholes and Utility Poles persuaded the homeowners on Magnolia to scorn the homeowners on Dogwood — especially those who don’t look like, talk like, or vote like "their kind of people.”  Our once tranquil community, now divided in acrimony, no longer finds common ground to unite in common cause.

Legal but non-living persons now rule the neighborhood.  They failed to create a single job but reserve the right to shine flashlights in our bedroom windows at night.  These days, Lampposts wield more power and influence than real citizens whose votes no longer count.

Meanwhile, weeds have grown taller than utility poles, and ’for sale’ signs litter the neighborhood.  Enough, we say!  Forget the Lampposts, Manholes, and Utility Poles.  Forget those broken-down, trickle-down blues.  How I yearn for the smell of fresh cut grass, E Pluribus Unum, and friendly neighbors exchanging friendly greetings at the mailbox again.

“Monday morning, you gave me no warning of what was to be.
Oh, Monday, Monday, how could you leave and not take me?”


This ends our tale of how the American Dream left the station, leaving our middle class behind.  Reminder: Tuesday is the day we bring our trash to the curb … and head to the polls.

14 comments:

  1. Breweries, distillers, and liquor stores are smiling.

    So are politicians.

    ReplyDelete
  2. "Breweries, distillers, and liquor stores ..."

    As long as these are small, family-owned operations; I am no longer patronizing big mega-cartels.

    ReplyDelete
  3. As a lover of great beers I only patronize the small local micro-breweries of western Massachusetts that make incredibly great brews.

    ReplyDelete
    Replies
    1. They're not even national any more. They're international.

      Delete
  4. All this will stop when tRump is elected and builds a wall. It will keep jobs from spilling out.
    "Why would you leave and not take me?"

    ReplyDelete
    Replies
    1. Figuratively speaking, the economy left the station and left the middle class behind. Consider: In the past 30 years, the wealthiest 1% of the population cornered 99% of new economic gains, while only 1% of these gains went to the rest of the population (99%). IOW, extreme income inequality is far worse today than it was during the Guilded Age.

      Delete
    2. And is more dangerous, methinks. The public is no longer convinced that being a serf is their natural lot, approved by God. Turn on the TV and see a fantasy land of wealth and also a lot of guns in everyday use. (sing internationale here) But more importantly Capitalism doesn't work well with the bulk of the purchasing power in few hands. A cynic might suspect that onlylip service is being payed to the worship of Capitalism. Not that I'm a cynic.

      Delete
  5. Recent layoffs:

    NetApp — 12% of workforce (February 18, 2016)
    Yahoo — 300 positions in California (February 18, 2016)
    Bombardier — 7,000 positions over the past 2 years
    Daimler - 1,250 positions (February 16, 2016)
    Chevron — 385 position in Layette Louisiana (February 5, 2016)
    Shell — 10,000 layoffs (February 4, 2016)
    Yahoo — 1,700 layoffs, closing 5 offices (February 2, 2016)
    BP — 7,000 layoffs by 2017
    Norfolk Southern — 2,000 job losses (January 27, 2016)
    DuPont — 5,000 to 6,000 announced layoffs (January 26, 2016)
    Sprint — 2,500 jobs (January 25, 2016)

    … partial list (source: Daily Job Cuts).

    ReplyDelete
  6. One might see a danger in so many jobs being attached to large corporation, particularly when so many have been able to weasel out of paying US taxes. I'm no economist, but I see a healthy economy being composed of more small and medium businesses as healthier.

    ReplyDelete
  7. As technology aided by artificial intelligence takes over more jobs, thus eliminating the need for human labor, the situation will continue to get worse.I

    We are continuing down the road leading to the presence of excess labor and worldwide uncontrolled population growth simply exacerbates the problem.

    Interestingly enough Marx foresaw this over 160 years ago.

    ReplyDelete
    Replies
    1. Acknowledged. Blogging does this to us too. Since Google owns the platform, the question is this: Who is making money off the free labor of others? And who ultimately owns the copyrights? What is holding back FaceBook from mooching off our labors? Oh, wait! It already does.

      Delete

    2. I don't remember his name but an interviewee on Bloomberg TV the other day said "we're all serfs on the estate of Google." That's frighteningly true.

      But as to "the surplus population" there are disturbing parallels in European history, first when the Commons were absorbed by the feudal lords and the peasants were driven off the land and then in the Industrial Revolution shich is precisely the part of the population Dickens was referring to in The Christmas Carol. The solution at the time was enormous growth in the prisons and mass deportations, voluntary and forced to "the colonies" It's the situation Shakespeare was referring to in "the Tempest."

      How will we handle masses of people for whom there are no jobs?

      Delete
    3. By changing our thinking and creating new modern paradigms. I don't have the answers but we better start thinking outside the box soon.

      Delete

We welcome civil discourse from all people but express no obligation to allow contributors and readers to be trolled. Any comment that sinks to the level of bigotry, defamation, personal insults, off-topic rants, and profanity will be deleted without notice.