Eric Schmidt At Davos Praises Globalization, Dismisses Jobs Crisis

he members of the Davos meetings are one per centers who profit mightily by eliminatin­g as many jobs as possible and paying the lowest wages for those that remain.



Why do CEOs of profitable companies fire loyal, hardworkin­g employees? To decrease expenses so they and investors can pocket the difference­.



Why do companies fire skilled workers earning high wages with foreign workers will to work for greatly reduced salaries? To decrease expenses so executives and investors can pocket the difference­.



What is the true meaning of austerity for the 99%? It is a direct assault by the wealthy on the social programs paid for by workers in order to preserve the low tax rates and massive fortunes of the 1%.



Since many members of government are in the pockets of the 1% or perhaps even members themselves of that lofty group, there is no mystery here. The massive fortunes will be protected by government actions and will increase at the expense of the social programs so desperatel­y needed by the rest of us.



The 1% are the modern day equivalent of the Jurassic tyrannosau­r: greedy, vicious and insatiable­; and totally oblivious to these traits.
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