Look at it this way capitalism says the bottom line is what matters most. Greed is good. Therefore they borrow money to grow their business that's where the bank comes in the bank lends money they don't even have in effort to gain greater profits (charging interest). The business person(s) create more business for himself but he has to pay interest now is he going to pay that interest out his pocket no. He's going to make the consumer pay for it. Hence higher prices to pay interest. However if consumer is not interested in paying the higher prices then. Staff is laid off or salaries will have to be cut (therefore they will seek the cheapest labor illegal immigrants). Because the business person is going make sure the bottom line is secure (profits must increase) at the expense of the employees who are also consumers. Say the business fails then the bank just place money in a well(no returns on there loan investment). Someone must pay that bank make sure there bottom line is secure so they will increase interest on future borrowers and therefore the cycle continues. Now we all seen what happen when the bank got to greedy and made many unsecured loan investments(mortgages) to people who wasn't able to make good on their loans. The banks then lost a great deal of money, now the bank is in business to make profit so what they do they got the government to bail them out using tax payers money (your money that could of been use on healthcare, fixing infrastructure etc) all because they are deem by the elites as too big to fail. So you see why I believe that capitalism and the banks are more to blame than illegal immigrants. It's a never ended cycle and the working class and middle class or suffering the most because that is the rules of the game why should the banks and capitalist spread do different when the only rule is to increase the bottom line.
who are responsible for lower wages and a shrinking middle class
← View full post
Look at it this way capitalism says the bottom line is what matters most. Greed is good. Therefore they borrow money to grow their business that's where the bank comes in the bank lends money they don't even have in effort to gain greater profits (charging interest). The business person(s) create more business for himself but he has to pay interest now is he going to pay that interest out his pocket no. He's going to make the consumer pay for it. Hence higher prices to pay interest. However if consumer is not interested in paying the higher prices then. Staff is laid off or salaries will have to be cut (therefore they will seek the cheapest labor illegal immigrants). Because the business person is going make sure the bottom line is secure (profits must increase) at the expense of the employees who are also consumers. Say the business fails then the bank just place money in a well(no returns on there loan investment). Someone must pay that bank make sure there bottom line is secure so they will increase interest on future borrowers and therefore the cycle continues. Now we all seen what happen when the bank got to greedy and made many unsecured loan investments(mortgages) to people who wasn't able to make good on their loans. The banks then lost a great deal of money, now the bank is in business to make profit so what they do they got the government to bail them out using tax payers money (your money that could of been use on healthcare, fixing infrastructure etc) all because they are deem by the elites as too big to fail. So you see why I believe that capitalism and the banks are more to blame than illegal immigrants. It's a never ended cycle and the working class and middle class or suffering the most because that is the rules of the game why should the banks and capitalist spread do different when the only rule is to increase the bottom line.