Taking on the risk without sharing the benefit / by kevin murray

There are all sorts of  unfair and unequal things that happen within societies, of which, the proper governance of that society, should be to see that unfairness and inequality is reduced by that governance, for the benefit of all.  Indeed, those that put forth wise words into Constitutions and the like, but do little or nothing to see that those meaningful words actual have effective application in the real world, have not lived up to the very Constitution that they were duly sworn to uphold.  In society, we often find that many a person and institution knows very well what is the right thing to do, but have not the integrity to do what so needs to be done in order to put substance behind that principle.

 

In a capitalistic society, those that are true capitalists, understand that for those that wish to pursue profit, that this therefore necessitates some degree of risk, of their person as well as of their capital.  That is to say, what makes capitalism such an interesting economic system, is the very fact that people and institutions are risking something of substance, in order to have the opportunity to make something of substance, in return.  Obviously, this clearly means that some businesses and enterprises are not going to be successful; whereas, others will be quite successful.  That is what makes capitalism, so intriguing, because it is an economic system, that has attendant risks associated to it, and at its best, can indeed bring out the best in people.

 

Not too surprisingly, there are plenty of people and institutions that aren’t really interested in putting their personhood or their capital at true risk, but rather desire wholeheartedly to “game” the system in their favor, which is why we see that some of the dirtiest and most dangerous jobs are never going to be performed by those that are the executives of such companies, but have instead been outsourced to others of that company, for them then to take on that personal risk, and not then the executives.  Further to the point, there are plenty of companies, that aren’t interested in conducting a business, in which they have to compete against other companies, so then deals are made between companies that would normally compete, in which there is an implicit understanding between them, of what has to therefore be considered collusion.  And then, even worse, there are governmental set asides, which are sole sourced, thereby generating a certain profit, to a company, without entailing any real risk for them.

 

It is a very unfair thing for companies and powerful people to not take on any of the risk, or very little of it, and then receive in return, the lion’s share of the profits – which is made even worse by the fact that those that take on all or most of the risk, are often poorly paid, exploited, and are considered to be expendable; who having put forth the risk, day in and day out, share not anywhere close to a benefit equal to the effort and the risk that they have duly put forth.  In other words, unequal societies, are fundamentally built upon all those individuals that take on risks and work, without receiving commensurate benefits in return -- for what they so richly deserve has gone instead to those that are in the pole position to exploit them, which they proceed to do, without much hesitation.