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A proposal to create jobs without Big Biz

Posted 6/14/11

To the Editor: Herewith, I propose a way for the people in every community to create jobs for themselves instead of waiting and relying on Big Biz to create jobs for the jobless. Their demand is …

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A proposal to create jobs without Big Biz

Posted

To the Editor:

Herewith, I propose a way for the people in every community to create jobs for themselves instead of waiting and relying on Big Biz to create jobs for the jobless.

Their demand is clear: Give us huge tax breaks or else we’ll sit on our huge sums of money instead of investing in jobs.

• The communities across the country have had the tradition of providing jobs and services such as hospitals and schools.

• Many of the products made in China and elsewhere are of poor quality and not trustworthy. These include most of what we buy in stores like Walmart, including the unreliable generic drugs, generic towels and generic stuff of all kinds.

• I propose each community raise capital or borrow low-interest money from banks or directly from the treasury, set up local factories to create jobs and produce such generic but trustworthy stuff to be sold at reasonable prices.

• Like schools and hospitals, these businesses will be non-profit, therefore open-book and subject to watchdog scrutiny, unlike the Chinese producers. They are also much cheaper to produce because they are royalty-free (public domain) and Wall Street-free!

• The realization of this undertaking requires no new laws.

• Profit maximization has made Big Money addicted to Big Profits, allowing the dragon CEOs to have income in the billions.

• These CEOs take our technology to the Third World countries, produce unreliable products and sell them here at huge profits. What they do contradicts capitalism defined by Adam Smith.

• These CEOs are pathologically obsessed with wealth and are addicted to money. They lust to gobble increasing doses of it to feel good. We shall provide them the cure that comes with the bitter pill of reality.

Behrooz Bassim, MD, Potsdam