The Real Cost of Marginalizing the ‘Elderly’

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EDUCATION POLITICS-The recent victory of Donald Trump and his now almost across the board appointment of ultra-conservatives to fill key positions in his administration is no surprise. Rather, it's just the latest expression and expansion of longstanding laissez-faire corporate theories touted by the late economist Milton Friedman of the University of Chicago. 

These ideas are expounded and implemented through what author Naomi Klein called “The Shock Doctrine," in her 2007 book of the same name. She shows in alarming detail how Friedman and his followers, with the active support of the U.S. government, have over the last half century created a multinational corporate oligarchy throughout Latin America (Chile, Argentina, Brazil, and Bolivia) and elsewhere in the world, pledging alliance to only the country it can control. Simply stated, sovereignty and the majority’s well-being now take a back seat to ever increasing corporate profits at any cost. 

What is rapidly being sought now is the phasing out of any government role in the independent performance or regulation of American and world economies in many diverse areas, including public education and the waging of endless wars motivated by perceived corporate profit in the future. More simply said, having the third largest oil reserves in the world had more to do with going to war in Iraq in 2003 than did weapons of mass destruction. 

However, it has only dawned on me recently that there is something much worse than entities like multinational corporations that determine their well-being exclusively by whether they attain ever increasing profits. If you think about it, such uncontrolled growth without reinvestment is actually much more akin to the definition of a cancer than a viable social entity. 

What is worse, for example, than targeting your most senior workers for the sole reason of replacing them for a fraction of the cost -- adding the savings" to more corporate profits -- is not realizing that the loss of your more senior workforce destroys the institutional memory that might have allowed you to know what happened the last time the economy was pushed over the edge by corporate greed. I think it was called the Great Depression.

 

(Leonard Isenberg is a Los Angeles observer and a contributor to CityWatch. He was a second generation teacher at LAUSD and blogs at perdaily.com. Leonard can be reached at Lenny@perdaily.com) Edited for CityWatch by Linda Abrams.

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