Do you understand what that means? The company had a pension plan. They put some of their stock into an “account” for each employee but the employee couldn’t touch that stock until they were 50 years old and then were allowed to divest only 25% each year. Those stocks were part of the employee’s remuneration just like salary and other benefits a company offers. Those stocks were part of each employee’s retirement plan and employees were not allowed to touch it. Do you understand?
That doesn't sound like coercion to me. You said people were coerced into investing in Enron, now you say it was part of their benefit package. Which, incidentally, is what I said too.
Of course they didn’t want to part with the funds but, at least, she had the opportunity to get them. Enron employees did not have that opportunity.
The funds didn't exist because the books had been cooked, therefore, there was nothing for the Enron employees to withdraw. This was a fairly public incident, and most people are aware that what Enron did was illegal and unethical, and the perpetrators were tried and sent off to prison for the crimes they committed. Enron is a poor example of capitalist free markets at work, because it is the exceptional rare instance where greedy people exploit the system and break the law for personal gain. While things like this are unfortunate, the system we have still works, the people who did the wrongdoing were sent to jail.
Let's ask ourselves a poignant question here.... What if Enron were a government-owned entity? What if the same scandal took place, the same people lost their retirements, and the same people were responsible for breaking the law, but the company was owned by the government? Would the government have benevolently tried their own entity in court? Would they have sent their own cronies off to prison? DOUBTFUL! In fact, you would have never even heard of Enron, had that been the case, because there would have been no one to go to, and no one to prosecute the case.
Your Enron example is an embarrassingly great example of how stupid you are. You are deriding a system that held people accountable and sent them to prison for breaking the law --- In favor of a system that would have never acknowledged your complaint in the first place, or held their own accountable in any way.
We’ve discussed this before regarding medical care in Canada. While currently run by government there are vultures who actually sued the government to be allowed to open private clinics.
They are called CAPITALISTS.
The system can easily revert to the so-called “freedom” to which you refer. There are plenty of vultures out there just waiting to open clinics and grab the money. The problem is the one payer/government system will eventually be destroyed and we end up back where we started.
GOOD! It's where we need to be! Where capitalism does a better job than government... as is the case with virtually everything.
We’ve seen the result of unbridled capitalism. The rich get richer and the poor get poorer.
The rich always get richer because they are motivated to make money, that's why they are rich in the first place. And the poor are less motivated to earn money, that is why they are poor. This dynamic will ALWAYS exist, because it's completely natural. The only way to not have this dynamic, is if we take the wealth of everyone and give it all to the government, so that everyone has nothing and the government has everything. Then the government can disperse the wealth evenly among all... but the problem is, once that accumulative wealth is gone, there is no more to be gained, the capitalists are gone. You did away with them because you didn't like rich people getting richer, so now they don't. Ultimately, everyone will have the same bowl of rice, no one can have more and no one can have less.... and it will remain this way until the people rise up and overthrow the government and re-install capitalist free markets.
We’ve seen the result of unbridled capitalism.
Yes we have... From 1776, the youngest nation in the world-- to 1946, the most powerful nation ever known in human history. Less than 200 years, and we literally schooled empires that had been around for thousands of years. THAT is the power of unbridled capitalism.
Government is the only way to solve the problem.
If this were true, it would be apparent after spending trillions of dollars over the years, and we would see some results. For 70+ years, this nation has doled out government assistance to the poor and needy, we've taken care of the sick and elderly with Medicaid and Medicare, we've instituted programs to help people in need, left and right, both republicans and democrats. TRILLIONS AND TRILLIONS of dollars have been spent, to "solve the problem" here... and what have we to show for it? The poverty level remains the same, the poor still exist, people still get sick. It appears to me, government hasn't solved a problem, and it doesn't look as if they've even helped that much. We've now developed a generational culture where people honestly think the government is supposed to provide everything they need from cradle to grave. Meanwhile, you continue to try and destroy capitalism, to make it virtually impossible for people to gain wealth, which in turn, makes it impossible for the poor to escape poverty.