Skip to main content

People, not profits: A response

A letter-writer responds to the Scripps Howard column on Mitt Romney and Bain Capital:
History shows that the "People not profits" slogan does "bear up under examination" contrary to Joel Mathis' assertion that it just "sounds cool". For example, KB Toys, an American company founded in 1922, employed manufacturing line workers, designers, engineers, and a host of supply chain jobs for thousands of workers. With health care and profit sharing for employees, KB was clearly a company that understood that when you consider people, profits come as a by-product. KB Toys wasn't in deep trouble, but the boom in electronic toys prompted KB to seek out Bain Capital for an infusion of money to bring the company in line with manufacturing more high-tech toys. Bain soon seized control of the company, off shored jobs, raided the company's pension fund, and eventually turned it into what is now Toys R' Us where you'd be hard pressed to find toys made in America or workers that are paid much more than minimum wage or have a benefit or profit sharing package. Ben Boychuk lauds Romney and Bain Capital for jobs created at Staples and Sports Authority as "how a dynamic economy works and grows". Both companies also pay workers minimum wage, offer no benefits, and sell goods manufactured mostly offshore. This is the free market capitalism Romney, conservatives, and the GOP envision for America.

David P. Lewis
Long Beach
Ben points out the KB deal was done after Romney left Bain.

Comments

Popular posts from this blog

Yoga

I've been making some life changes lately — trying to use the time I have, now that I'm back in Kansas, to improve my health and lifestyle. Among the changes: More exercise. 30 minutes a day on the treadmill. Doesn't sound like a lot, but some is more than none, and I know from experience that getting overambitious early leads to failure. So. Thirty minutes a day.

One other thing: Yoga, a couple of times a week. It's nothing huge — a 15-minute flexibility routine downloaded from an iPhone app. But I've noticed that I'm increasingly limber.

Tonight, friends, I noticed a piece of trash on the floor. I bent over at the waist and picked it up, and threw it away.

Then I wept. I literally could not remember the last time I'd tried to pick something off the floor without grunting and bracing myself. I just did it.

Small victories, people. Small victories.

Liberals: We're overthinking this. Hillary didn't lose. This is what it should mean.

Interesting:
Nate Cohn of the New York Times estimates that when every vote is tallied, some 63.4 million Americans will have voted for Clinton and 61.2 million for Trump. That means Clinton will have turned out more supporters than any presidential candidate in history except for Obama in 2008 and 2012. And as David Wasserman of Cook Political Report notes, the total vote count—including third party votes—has already crossed 127 million, and will “easily beat” the 129 million total from 2012. The idea that voters stayed home in 2016 because they hated Donald Trump and Hillary Clinton is a myth. We already know the Electoral College can produce undemocratic results, but what we don't know is why — aside from how it serves entrenched interests — it benefits the American people to have their preference for national executive overturned because of archaic rules designed, in part, to protect the institution of slavery. 

A form of choosing the national leader that — as has happened in …

I'm not cutting off my pro-Trump friends

Here and there on Facebook, I've seen a few of my friends declare they no longer wish the friendship of Trump supporters — and vowing to cut them out of their social media lives entirely.

I'm not going to do that.

To cut ourselves off from people who have made what we think was a grievous error in their vote is to give up on persuading them, to give up on understanding why they voted, to give up on understanding them in any but the most cartoonish stereotypes.

As a matter of idealism, cutting off your pro-Trump friends is to give up on democracy. As a matter of tactics, cutting off your pro-Trump friends is to give up on ever again winning in a democratic process.

And as a long-term issues, confining ourselves to echo chambers is part of our national problem.

Don't get me wrong: I expect a Trumpian presidency is a disaster, particularly for people of color. And in total honesty: My own relationships have been tested by this campaign season. There's probably some damage…