EcoOptimism doesn’t have to be predicated on being anti-corporation — after all, there are some good eggs out there, just as there are more than a few positive aspects to a market economy — but it’s hard to get around the problems resulting from the current “reign of the corporation.”
Dave Johnson at the Campaign for America’s Future has saved me from penning (and you from reading) a much longer and less succinct post:
Our Current Economic Mess, Explained With Headlines
He writes: “I was doing research, gathering headlines for a post. But the headlines told a story of their own. So here they are:”
2010
November 2010, Corporate Profits Hit New Record, U.S. Workers Still Struggling
2011
January 2011, Profits Are Booming. Why Aren’t Jobs?
May 2011, Corporate Profits At All-Time High As Recovery Stumbles
June 2011, Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages
July 2011, Corporate profits’ share of pie most in 60 years
July 2011, A Boom in Corporate Profits, a Bust in Jobs, Wages
August 2011, Companies near record profits amid high unemployment
October 2011, While Corporate Profits Are At 60-Year High, Main Street Businesses Continue To Struggle
November 2011, GDP revised downward; corporate profits up
2012
February 2012, Corporate Margins And Profits Are Increasing, But Workers’ Wages Aren’t
May 2012, Corporate Profits Return To Prerecession Levels, But Job Growth And Investment Remain Weak
June 2012, Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low
July 2012, The Economy Stinks, but at Least Corporate Profits Are at 60-Year Highs!
December 2012, Corporate profits hit all-time high as wages drop to record low
2013
Today, March 4, 2013, Corporate Profits Have Risen Almost 20 Times Faster Than Workers’ Incomes Since 2008