Pigs at the Trough

One of the reasons that there is very little manufacturing or production in USA are the higher labor costs. The grossly overpaid CEO’s of US companies are one of the reasons why the labor costs remain high.

In all companies, the chief executive has more responsibilities and usually devotes more time on company related work than a junior level executive. However, the time spent is usually only a few hours more than the standard office timings and does not justify salaries which are many hundred times the salaries of an average worker.

Though company policies highlight the importance of “teamwork”, the inflated salaries of CEOs indicate that most of corporate America values the CEO much more than any one else. The pay is often not linked to performance and even CEOs whose contract is terminated make millions of dollars.

The main reason why the US economy is in such a bad state today is the war in Iraq.  If the government  had not wasted  billions of dollars starting a war over the non existent weapons of mass destruction, the economy would be in a much better condition.

Oil prices would also be lower as the Iraq’s oil infrastructure would not be damaged during the war.  Iraq was a major oil producer before the war. Though officially , Iraq has its own government, it is likely to collapse the moment the US troops are withdrawn.

About corporate greed and political corruption in America.  Like  most  other democracies  standing for elections in  USA  is expensive.  And  the  corporates who finance the elections  extract their pound of  flesh at a later date.