Money, money: (Sung to the tune of "Where Have All the Flowers Gone?") where has all the money gone, gone to bankers and corporations everyone. Oh, when will we ever learn, oh, when will we ever learn.
Remember when Adam Smith was explaining his theory of value, he wrote:
...in a more advanced society the market price is no longer proportional to labor cost since the value of the good now includes compensation for the owner of the means of production....Maybe he forgot to mention that the compensation that the "owner" receives is solely decided by him, and what we get is decided by him, as well as what work is done, who decides how the work is done, and if work is done at all. Nowadays they have decided that little work should be done because they expect little profit from it. In other words, the economy exists only for the benefit of "owners" that their ancestors established in law by their lawyers, enforced by police and military forces under their control.
The cash buildup shows the deep caution many companies feel about investing in expansion while the economic recovery remains painfully slow and high unemployment and battered household finances continue to limit consumers' ability to spend.With few prospects of making profits in the short term, they've decided to give the money to their investors many of whom are the people who drove the economy into collapse with all their hedge fund gambling with packaged mortgages.
