Tag Archives: faults of capitalism

Corporate Oppression

It is not often that I have agreed with the Australian opposition leader Bill Shorten, but I was pleased to see him move to change his plan to target pensioners who have some small investments in shares, as he had lumped them in with the rich who benefit too much under some current tax rules. Indeed labour makes a strong point when they claim that the rich are getting richer and the poor poorer, which adds up to oppression.

Not that this is just an Australian problem. It is a problem of human nature found worldwide from communist China to capitalist America, best exemplified in the corporate greed of chief executive officers (CEO’s) who organise obscene salaries for themselves, far beyond what they can ever need or use, just because they can.

The Australian Broadcasting Corporation reported on the 6/12/17, that Australia’s CEO’s earn an average of $4.75 million – or 78 times more than that of the average Australian worker! The Commonwealth Bank CEO Ian Narev pays himself more than 100 times that average salary!

This disgustingly shameful situation is one of the biggest faults of capitalism and something which our conservative political parties in the West would be wise to quickly amend, for it is a self inflicted wound which allows the left an indefensible opening which can lead to the affliction of atheistic socialism or communism.

The truth is that no one is worth more than 5 times the wage of the average worker, for if the average worker is fairly paid, then 5 times that amount will make the recipient rich and beyond that God’s word indicates that wealth does not bring any more happiness, only harm.

Proverbs 1:9, ‘Such are the ways of everyone who is greedy for unjust gain; it takes away the life of its possessors.’ Why ? Matthew 19:23, ‘… Jesus said to his disciples, “Truly, I say to you, only with difficulty will a rich person enter the kingdom of heaven, ’ for, Mark 4:19, ‘ the cares of the world and the deceitfulness of riches and the desires for other things enter in and choke the word, and it proves unfruitful.’ 1 Tim 6:9, ‘But people who long to be rich fall into temptation and are trapped by many foolish and harmful desires that plunge them into ruin and destruction.  NLT.  Habakuk 2:10, ‘You have plotted the ruin of many peoples, shaming your own house and forfeiting your life.’