www.idiocy.com - Or How Industrial Leaders Eat Their Own Profits.

I wanted an illustration to show a fat person
 eating their own backside
 (with apologies to fat people).
  Because that is what I believe companies are doing

What is the world economy based on?  Expenditure by - well people

Is the majority of expenditure on "high price" items? - I don't know, but I am guessing that the majority of profit is made on items worth less than £500.00.

What proportion of the world is rich? (has an income of over £200,000 a year - yeah, my own dodgy definition). - almost certainly less than 10% of the world economy.

I am guessing that the majority of profits made by all companies throughout the world result from people spending on low value items or services.

What are all big companies trying to do?  Reduce the wages and salaries, hours and job security of the people working for them.

What is the results?  Less money in the economy to spend on - well anything.

To summarise.  In order to increase their own profit and bring more wealth into the hands of their owners/shareholders (e.g. Barclays reported that 231 of its key staff were paid a combined £554m in 2010 - an average of £2.4m each.  Their counter staff were paid an average of £16,000 annually), organisations are pushing down the incomes of the very people who create their wealth.

No wonder we have fallen into what seems to be an unending recession.

Like I said - world wide web of idiocy