I dropped by Masterwordsmith's blog yesterday to find a rather interesting post on the subject of GREED. It was also about the global financial crisis.
Masterwordsmith's anonymous commenter is saying what I've been telling people for quite a while now. The rich are becoming richer and the poor have never been poorer. Heck, there is no middle class anymore.
What happened to the bell's curve of wealth distribution?
Some blame it on globalisation. Others on technology.
Technology has enabled us to travel faster, communicate through tele and video-conferences and email. It's ironic, really, because the more advanced our technology, the more we hurry and chase after time.
Globalisation, on the other hand, has opened up so many options and opportunities. But also many pitfalls.
After all, globalisation gave us China and India, the two most populated countries in the world, where human labour is vast and almost limitless. And of course, smaller Asian countries like Malaysia as well.
What Anonymous says about the situation is true. I just don't like the slant in which the rich are portrayed. You see, I'm a firm believer in capitalism. The harder you work, the more rewards you reap.
It sounds fair to me. Blaming them for all the ills of the world is not just unfair, it's naive and illogical.
Of course we do have the greedy businessmen whose life mantra is reduce cost, increase profit - under all circumstances.
This is why the Americans and Europeans move their factory and manufacturing operations to China - because labour is cheap.
This is why Americans and Europeans outsource their IT and customer service operations to India - because labour is cheap.
But this is at the expense of their own people. When they have no jobs, they rely on their government to provide for them. They get food stamps and dole. And to buy the necessities (and sometimes luxuries), so many rely on loans and credit cards.
In the last 5 years, even jobless and homeless people had their loans and credit limits approved in the USA, which of course led to the sub-prime mortgage crisis, and subsequently, the collapse of so many financial institutions today.
Most of the jobs went to the cheap labour. In other words, us Asians.
Zewt happened to blog about life in his multinational company and their salary scheme. He said, "If you think working in a big foreign multinational company means you will get a fat pay; well, think again. Those getting the fat pay cheques are those sitting in the headquarters."
So now you're bursting with righteous indignance against all those "rich people" who sit in their fancy offices, the ones so big you could get lost in them if you forget to bring your handheld GPS.
Not so fast.
We ARE part of the problem. We're willing to work for peanuts. We delude ourselves into thinking that if we work longer hours, we will get that promotion and a ticket to the paradise of careers.
We forget to take a breather and enjoy life before it's too late.
I took this picture on the way to Fraser's Hill last year. While driving up, I just had to stop and admire the breathtakingly spectacular view of that lake.
It's these simple moments that we miss in our pursuit of career, wealth and power.
By the time we realise what has passed us by, it is too late, and we're bitter - very much like Anonymous, who blames everything on rich people.
Life is fair though. If anyone has accumulated wealth through unethical means, it doesn't belong to him and he will lose it anyhow.
And in this coming economic downturn, I suspect there will be a reshuffle of wealth.