Greenspan preaches Objective Ethics and defends gold standard while cities burn
December 26th 2007 03:10
Bizarre Politics Reports:
Greenspan - Cities burn
A view of Greenspan from the trenches continues ....
From 1964 to 1971, there were 750 riots in inner cities across the USA. 228 lost their lives with more than 12,000 people injured. There were 15,000 arsons nationally.
Cities Burn while Greenspan Preaches Rand's Objective Ethics
I was in the middle of the Hough riot in Cleveland Ohio in 1966. After realizing it would be futile effort to save my business jobbing to family and locally owned supermarkets I quit operations and looked for another pursuit. I was offered a job by a competitor and it was my first taste of Free Trade. It was not a good one. I was offered a high paying management job to market houseware racks of merchandise to larger super markets. The merchandise was sold as being made by the blind and other handicap workers but most of the products were imported from Japan which actually ended up taking jobs away from local companies including the handicap. I could not take it for moral reasons even though the pay was very good. History repeated itself several years later when I was offered a high paying job to represent a systems house that used green card high tech workers from India.
They would work around the clock at a fraction of the wages of an American worker and then take the money back to India. I could not take this job either for moral reasons. I wonder what Greenspan's Objective Ethics conclusions would be in situations like this.
I went with a small manufacturer of data process tab cards. We sold them by the millions. By 1966, I was a national accounts manager for major corporations and involved in the business in several ways including union negotiations. In a union strike, I had a burning 2x4 piece of lumber waved at my head by workers whose jobs I was trying to save. I had experienced both sides of the strike line during my life. The company made it through the crisis. No matter what you say about unions, things were much better for all workers including non-union workers when the unions were strong. Today, the private sector production union workers are virtually gone. Keep this in mind if you still blame the unions for the demise of our economy. The AFL/CIO is primarily made up of public workers in government and education jobs - the private sector production workers are gone.
The company had restored a factory in the inner city and it was a delight to see our efforts being rewarded. Several of the super markets I once served were still nearby.
During this time, Greenspan was writing in defense of the gold standard. ( He changed his view years later when he said paper money can imitate the gold standard.)
The blacks were tired of all the promises made and riots arose nationwide. Unfortunately they picked their own neighborhoods to burn down. To this day, I can not understand why anyone would burn down their own neighborhoods. They burned the super markets who were once customers of mine. The area never did make a come back. The stores never reopened.
The neighborhoods crumbled away and depopulation followed. Empty homes and lots took over the landscape. Miles of empty storefronts and empty factories were now part of the landscape too. Who would have thought things could get worst. Things have grown worst. Hurrican Katrina in New Orleans exposed a vast underclass living in a silent depression. Today, our prison population breaking all records. There are more than two million people in prison with a total of about six million in prison or on probation.
A company vice president was in town during these days and he rented a convertible and we drove through the riots standing up in the car trying to stop the riots. The National Guard was there and gunshots were heard around us. We were not successful but we were glad that we tried. It was a terrible to see the stores I once services burnt to the ground. It was an end of era and people still debate today if it was worth it. I say no. Human Dignity and Social Justice are yet to be found.
It was sad because I knew that a second defeat was coming my way trying to do something about poverty in the inner city. At that time there were many top corporate headquarters flourishing just a couple miles away in Downtown Cleveland. Nothing got better for the Blacks. It only got worst as the years went by. In fact, it got worst for everyone. Our small factory closed down like many others in the city. The owner of the restaurant bar at the corner of the street where we ate lunch was killed in a robbery. This business closed down too.
Today there are small pockets of improvements but compared to the whole, the city died that day in 1966 and has struggled ever since to make some kind of comeback. A year ago, Cleveland was ranked as the number one in the nation in terms of poverty. Detroit has taken the title this year.
Greenspan does not talk about this in his book. Back then he was preaching Objective Ethics. Objective Ethics has man existing for his own sake. The pursuit of his own happiness is the highest moral purpose. No one must sacrifice himself for others , nor sacrifice others for himself. This is most likely why he can not relate to workers having a voice in their destinies. During the Greenspan years labor is only something made up of units of work. Human beings are just commodities to be traded for the sake of just a powerful few. Ownership and workers are separated from each other. The links are destroyed. He evangelize these things while cities were burning. Today we have owners in one place and the workers in distant lands with their rights blocked in these faraway places where anything goes including child labor.
Today, I would not have to worry about a worker waving a burning 2x4 at my head on a strike line. Workers today are thousands of miles away from the owners where there are no strikes. Workers who try to form a union outside the USA risk not only losing their jobs but their lives too. I wonder too, how Greenspan's Objective Ethics fits into this situation .
From 1964 to 1971, there were 750 riots in inner cities across the USA. 228 lost their lives with more than 12,000 people injured. There were 15,000 arsons nationally.
Cities Burn while Greenspan Preaches Rand's Objective Ethics
I was in the middle of the Hough riot in Cleveland Ohio in 1966. After realizing it would be futile effort to save my business jobbing to family and locally owned supermarkets I quit operations and looked for another pursuit. I was offered a job by a competitor and it was my first taste of Free Trade. It was not a good one. I was offered a high paying management job to market houseware racks of merchandise to larger super markets. The merchandise was sold as being made by the blind and other handicap workers but most of the products were imported from Japan which actually ended up taking jobs away from local companies including the handicap. I could not take it for moral reasons even though the pay was very good. History repeated itself several years later when I was offered a high paying job to represent a systems house that used green card high tech workers from India.
They would work around the clock at a fraction of the wages of an American worker and then take the money back to India. I could not take this job either for moral reasons. I wonder what Greenspan's Objective Ethics conclusions would be in situations like this.
I went with a small manufacturer of data process tab cards. We sold them by the millions. By 1966, I was a national accounts manager for major corporations and involved in the business in several ways including union negotiations. In a union strike, I had a burning 2x4 piece of lumber waved at my head by workers whose jobs I was trying to save. I had experienced both sides of the strike line during my life. The company made it through the crisis. No matter what you say about unions, things were much better for all workers including non-union workers when the unions were strong. Today, the private sector production union workers are virtually gone. Keep this in mind if you still blame the unions for the demise of our economy. The AFL/CIO is primarily made up of public workers in government and education jobs - the private sector production workers are gone.
The company had restored a factory in the inner city and it was a delight to see our efforts being rewarded. Several of the super markets I once served were still nearby.
During this time, Greenspan was writing in defense of the gold standard. ( He changed his view years later when he said paper money can imitate the gold standard.)
The blacks were tired of all the promises made and riots arose nationwide. Unfortunately they picked their own neighborhoods to burn down. To this day, I can not understand why anyone would burn down their own neighborhoods. They burned the super markets who were once customers of mine. The area never did make a come back. The stores never reopened.
The neighborhoods crumbled away and depopulation followed. Empty homes and lots took over the landscape. Miles of empty storefronts and empty factories were now part of the landscape too. Who would have thought things could get worst. Things have grown worst. Hurrican Katrina in New Orleans exposed a vast underclass living in a silent depression. Today, our prison population breaking all records. There are more than two million people in prison with a total of about six million in prison or on probation.
A company vice president was in town during these days and he rented a convertible and we drove through the riots standing up in the car trying to stop the riots. The National Guard was there and gunshots were heard around us. We were not successful but we were glad that we tried. It was a terrible to see the stores I once services burnt to the ground. It was an end of era and people still debate today if it was worth it. I say no. Human Dignity and Social Justice are yet to be found.
It was sad because I knew that a second defeat was coming my way trying to do something about poverty in the inner city. At that time there were many top corporate headquarters flourishing just a couple miles away in Downtown Cleveland. Nothing got better for the Blacks. It only got worst as the years went by. In fact, it got worst for everyone. Our small factory closed down like many others in the city. The owner of the restaurant bar at the corner of the street where we ate lunch was killed in a robbery. This business closed down too.
Today there are small pockets of improvements but compared to the whole, the city died that day in 1966 and has struggled ever since to make some kind of comeback. A year ago, Cleveland was ranked as the number one in the nation in terms of poverty. Detroit has taken the title this year.
Greenspan does not talk about this in his book. Back then he was preaching Objective Ethics. Objective Ethics has man existing for his own sake. The pursuit of his own happiness is the highest moral purpose. No one must sacrifice himself for others , nor sacrifice others for himself. This is most likely why he can not relate to workers having a voice in their destinies. During the Greenspan years labor is only something made up of units of work. Human beings are just commodities to be traded for the sake of just a powerful few. Ownership and workers are separated from each other. The links are destroyed. He evangelize these things while cities were burning. Today we have owners in one place and the workers in distant lands with their rights blocked in these faraway places where anything goes including child labor.
Today, I would not have to worry about a worker waving a burning 2x4 at my head on a strike line. Workers today are thousands of miles away from the owners where there are no strikes. Workers who try to form a union outside the USA risk not only losing their jobs but their lives too. I wonder too, how Greenspan's Objective Ethics fits into this situation .
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