Wednesday, April 15, 2009

The Recession and 401k's





I haven't talked about the Recession for a reason--it's been talked to death by people who (at least think...) that they know more about economics than I do... Also, as this recession is a cyclical thing, it's not as though it jumped out from behind a bush and seized us by the balls. In a Capitalist economy, we should be ever ready and even expectant of a recession. Like the economists say, 'It's how the system works,' after all! 'Don't you all see? Suffering is an integral part of the system, a necessity!' they say in their 20 room mansions, laughing behind stacks of money.

The thing that I find most incredulous, most absurd and most infuriating is the fact that the working people, the people grinding the gears and doing the labor, did NOT get us into this recession. Still, with bankers, brokers, investors and CEO's at the top, not wanting to topple from their thrones built on our labor, it is only the working people that suffer. Sure, Bill Gates, Pickens, etc. will take a hit, but in the end, they will still be billionaires while the working people shuffle to the bread lines. The bosses got us into this mess, the bosses and their investors, the bosses and their lust for meaningless green paper, the bosses and their greed.

So the main problem I have with this is that the good people, the gears that make this world go around, the people that give us electricity, water, fix the cars, build EVERYTHING we use, are getting blasted because of the greed of millionaires. Doesn't that sound absurd to you?! Why should people with so much money be greedy at all? What facilitates this endless thirst for money, for numbers on a sheet of paper? Surely it's not a survival instinct--they can survive and more, they can live in lascivious, hedonistic luxury. All the while, unemployment rises, people go hungry, and the urban populace turns to drugs to combat the hopelessness.

Great.

Again, to reiterate, because I find myself more and more often falling into rants, the bosses made this mess, we have to clean it up. That being said, I do believe there are ways that we could stall this machine, and one big one is by not agreeing to pool money into a 401k.

I think that 401k's are the biggest racket the government has going. We pay them a portion of the money earned from our labor (and don't get me started on how meager this sum is to begin with...), and we let them use it to prop up their stock-market and make ends meet when some investor fucks up on his guesstimations about what that market will do. We give them this money in hopes that we will have some extra when we're ready to retire. We do this because we want some extra crumbs from the table when we're too old to toil. But what happens when the government is left in charge of directing our investment choices? Well, in Capitalism, a recession happens, and then we're left in the shit-storm. I know various older people, not yet retired but getting there, who are now looking around desperately for second jobs to fill the difference so that they can retire on schedule, on their terms.

401k's, in my opinion, are just a way for the government to squeeze more money out of us and prop up an economic system that chronically fails and breaks down. It is a more up-front form of extortion, a psychological shakedown, that we comply to because it is portrayed as being in our better interest. Stop listening to everything the politicians say!! Think for yourself, do some light economic research, beacause KNOWLEDGE REALLY IS POWER!

Don't be milked like cattle, don't be manipulated by a game piece.

The Capitalists and Politicians will sedate us with words and quick-fix solutions just long enough for the system to right itself, and then we will forget about the hardships that many had to endure and be 'thankful' that it's over. We will neglect to look to the future until it comes.

I can only hope that with each recession, the strength of the proletariat and the people affected by the economic downturn will come together in solidarity. I hope, most truly, that a sense of unity among working people will come about as a result of what the bosses got us into.

Read books, Cultivate yourself!


Wrench


11 comments:

HalfCrazy said...

As always, a great and thought provoking post. Your blogs would surely snap out people in a coma.

The little people are always the ones affected! I don't understand the big companies and the rich people sometimes either. At the end of the day, Politicians and Capitalists will always get big bucks.

It's hard to add more as you hit the nail on the head lol!

Monkey Wrench said...

HA! Well, I thank you. I just think that sharing is good. That's really one of the biggest points in my philosophy.

In some circles this will get me unjustly called a Communist, or a dissident, or unpatriotic, but in the end, I just think it's right.

Thanks for the flattering comments, as always :)


Wrench

Anok said...

Great rant - my theory to fix this economic mes was to have shareholders go after the CEO's and liquidate their asses to pay for it. But that's just me :D

I agree that 401k's are a racket (they have also caused the downfall of corporate responsibility to employees with regards to pensions because 401k's facilitate job hopping, so long term employees are now considered detrimental rather than beneficial).

But really, we need to look at stating to restructure the entire system, and we need to organize the working employees, and outrage the shareholders enough to work with working employees, and grab these companies by the family jewels and make them change.

Monkey Wrench said...

Exactly. Union with the workers AGAINST the shareholders is what is necessary for change. Self-Organizations as well as solidarity with each other could make the shareholders and bosses realize just how necessary the working class are.


Thanks a bundle for the comment,

Wrench

The Clandestine Samurai said...

i hope that the proletariat would unify and rally against this stupidness too. Except that it seems more and more unlikely to happen. Recessions and Depressions have been happening for years; some lower classes have revolted and some haven't. We (The U.S.), for the most part, haven't.

The truth is that humongously large pockets of money are being held in various places of country, most of which have been gathered direct and indirectly cutthroat practices. Those in control of that money just sit and watch the world fall to abject poverty.

I'm not an enemy of capitalism. I think that, when regulated properly, it would be great. But greedy investors have to stop being in control.

What do you think of companies that turn the employees into shareholders?

Monkey Wrench said...

I think that it might be a good idea in theory, but the people that aren't shareholders that can still be effected through business pressure (the steel industry effecting the refridgerator industry for example, or the car industry) will continue to be subjected to the will of the bigger, more powerful company.

thanks for commenting!!

monkeywrench

Jesse M. said...

Right on as always! Well written, and yeah- amazing that people truly believe what they are spoon fed by the media, and government- BOTH of which contributed to this current place...people in this nation sicken me at times.

Monkey Wrench said...

Exactly. More needs to be put into independent media, focusing on on-site reporting, giving the facts and nothing else.

I despise Fox and CNN both.... Distortion makes me sick, because these news channels are most people's only link to the outside world.

A sad state of affairs, our media exploiting our fears.

Wrench

Elián Maricón said...

Great post!

You know, you really should start lurking around the blog Wild Wild Left, maybe tune into the BlogRadio show. The woman who runs the site, Diane, seems cool as hell. And while they say they range from "liberal" to radical, I think the furthest right wing contributor I encountered was an evolutionary Marxist, lol.

You write well, and if you get into discussions @ the WWL, I wouldn'tbe surprised if Diane asked you to become a contributor. That is, if you are interested :)

Elián Maricón said...

PS- Not sure how you weren't on my blogroll....but you are now :)

Monkey Wrench said...

Why thanks!!


--Wrench