Comments about ‘Hard times: Despite record corporate profits, wages are being frozen’

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Published: Friday, March 21 2014 12:00 a.m. MDT

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Kent C. DeForrest
Provo, UT


I agree with pretty much everything you said, except for the reason businesses are hoarding money. They do so not because they are afraid of government. They do so because there is insufficient demand for them to invest in increased production. This is a result of falling wages for the lower and middle classes. The upper crust doesn't consume proporationately to their income. This is made clear in "Inequality for All" by business tycoon Nick Hanauer.


Reich's ideas have not been tried in Europe. And if you think Europe is such a failure, you've never lived in Germany, as I have. They'd never trade their economic system for ours.

Those of you who seem to think we have too much government need to read David Korten's "When Corporations Rule the World." This is why we're in the predicament we are. And what other entity has the clout to break corporations' stranglehold on our future, except government? If government would do its job, we might someday be free again. I'm afraid, though, that the corporate system will probably have to collapse under the weight of its own excesses and self-centeredness.

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