Conor Rogers & Kathleen McCaffrey
In the wake of the financial crisis, corporations have gotten an even worse reputation than previously held. Pundits and politicians from both parties slam ambiguous “corporations” and “CEOs” for ruining America. Let me point out what none of these spectators have – it is thanks to the same CEOs and businesses that America became so successful in the first place. Any critic has committed one of two fallacies when they express this opinion:
One option is that this person actually believes that all corporations are bad and that CEOs are a bad influence – which would be a ridiculous and uneducated opinion. The other, and the more likely of the options, is that they realize that a large number of Americans are currently unfoundedly directing their anger at corporate America and are merely pandering to their collective rage. It is only a handful of corporate policies and legislative mistakes that have led to this crisis, yet the fair-weather politician begins to talk about what the voter thinks is true, rather than what actually is.
So what is the truth that many politicians are ignoring? Corporations create jobs, employ millions of Americans, give them opportunity to move up through promotion and merit-based qualification, and in the end, provide nearly every American with opportunity. Read the rest of this entry »