When I listen to President Obama, And hear the way he ridicules successful, wealthy business people, it makes me wonder whether or not he is being sincere in his criticism. The problem with greed and corruption in America, lies within the Federal Government, not the private sector. The left would have you believe that evil, greedy CEOs of large corporations, are the guilty party, when it comes to keeping the middle class stagnant, or in decline. nothing could be further from the truth.
I'm not going to say that there are not CEOs and other business people who are corrupt to the core, but there is a difference between unethical, and illegal. Those that break the law should go to prison. Those that have practices that make one raise an eyebrow, or seem a little deceptive, are just doing business. Business is about competition, and many times it can get ugly and cutthroat, but that is where incentive to make improvements on you own product comes in. Consumers are persuaded by marketing pitches, either to buy, or not to buy. But these consumers do so with their own free will, not with a gun to their head. The longevity of your brand or product, rests on your ability to adapt to your competition, and to the market. It is those corporations, that jump into bed with uncle sam, that end up being the worst of the worst in the private sector. They get into quid pro quo deals with the feds, and are able to gain unfair advantages, (ie, special tax breaks written into the tax code) over competition with the blessing of the government, and protection from prosecution that would normally result from illegal actions or dealings. All of this is a result of government sticking it's nose into things that doesn't concern uncle sam.
My last point has to do with the hypocrisy of those that vilify these successful people for potential political gain. If one believes, that these corporations are involved in such disgusting, unethical, acts of greed, and then takes a trip to best buy and shells out 500 dollars to purchase a product, made, and marketed by one such company, doesn't that make that person an accessory to their perceived greed and corruption. These large companies only succeed, because they offer something that the consumer wants or needs. I think those that want to punish success, are unaware of the unintended consequences that result from this type of ideology I'm not sure President Obama believes his own rhetoric on this issue.
I'm not going to say that there are not CEOs and other business people who are corrupt to the core, but there is a difference between unethical, and illegal. Those that break the law should go to prison. Those that have practices that make one raise an eyebrow, or seem a little deceptive, are just doing business. Business is about competition, and many times it can get ugly and cutthroat, but that is where incentive to make improvements on you own product comes in. Consumers are persuaded by marketing pitches, either to buy, or not to buy. But these consumers do so with their own free will, not with a gun to their head. The longevity of your brand or product, rests on your ability to adapt to your competition, and to the market. It is those corporations, that jump into bed with uncle sam, that end up being the worst of the worst in the private sector. They get into quid pro quo deals with the feds, and are able to gain unfair advantages, (ie, special tax breaks written into the tax code) over competition with the blessing of the government, and protection from prosecution that would normally result from illegal actions or dealings. All of this is a result of government sticking it's nose into things that doesn't concern uncle sam.
My last point has to do with the hypocrisy of those that vilify these successful people for potential political gain. If one believes, that these corporations are involved in such disgusting, unethical, acts of greed, and then takes a trip to best buy and shells out 500 dollars to purchase a product, made, and marketed by one such company, doesn't that make that person an accessory to their perceived greed and corruption. These large companies only succeed, because they offer something that the consumer wants or needs. I think those that want to punish success, are unaware of the unintended consequences that result from this type of ideology I'm not sure President Obama believes his own rhetoric on this issue.