Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts

Sunday, 3 February 2013

CLASS WAR.

      Class war is something that is usually associated with politically active ordinary people and dismissed as unnecessary by the rich parasite class, who preach, it is a democracy and we are all in it together. However their can be exceptions, the statement, "There has been class warfare going on for the last 20 years, and my class won." was made by Warren Buffett, a man with an estimated personal fortune of $47 billion, and chairman and CEO of Berkshire Hathaway.   
      To amass a fortune of that magnitude he must have been involved in some real brutal class war enterprises. You don't make that kind of money by your own efforts and the sweat off your brow. You have to be nicking the produce of somebody else's efforts and sweat off their brow. How many hours a week and at what hourly rate would you have to perform to end up with  $47 billion during your working life? How many jobs can you do in a working week? As chairman and CEO of Berkshire Hathaway, Mr Buffett has his plate full. This is a conglomerate that owns a long list of companies in a wide variety of fields including, confectionery, retail, rail-road, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewellery sales; newspaper publishing; manufacture and distribution of uniforms; as well as several regional electric and gas utilities. 
     Think of all those people beavering away and taking home a wage that can just about keep their head above water, with perhaps a wee nest egg for your pension, if they are lucky, while their boss, who may or may not do as many hours as them, sorts his pension out to the tune of $47 billion.
      So it is obvious that class warfare has been going on, though Mr Buffett is wrong on two counts. One, it has been going on for more than 20 years, and two, his class hasn't won. It may have been winning, but the war is far from over and the tide is turning. More and more people are beginning to accept that it is a class war, and they know which side they are on by the conditions of their lives. 

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