The falling(failing) capitalism? (Part 2)

In USA, there is an insurance policy legalized by the country, called the Corporate-Owned Life Insurance(COLI), or the other, more scandalous name, the 'dead peasant' insurance policy . A company has the right to buy life insurance policy over its workers. Which means, when an employee dies because of a certain complication, the employer will get a sum of money resulted from the insurance policy. Simple to say, companies make money, a LOT, by the death of their employees. There's a guy, I can't remember his real name, let just say Tom(myspace??) who worked with a bank. The bank name was Amegy bank, if I'm not mistaken. The bank bought the 'dead peasant' insurance on him. Because of cancer, Tom died at an early age leaving behind a wife and few children. The bank gained around 5 million bucks in total, and the family of the deceased earned zero cent. So much with the social commitment, eh?

Another person, this time a woman. Let us call her Diana(the dead princess Diana??) as I can't(again~~) remember her name. She worked with WalMart(sounds familiar??). WalMart too bought the 'dead peasant' policy on its workers. Diana died because of a very bad asthma(I think?). The death of her gave the super-giant company a neat USD80,000++. Diana's family didn't get a penny too. The husband was bound to pay a hundred thousand dollars worth of medical fees and USD6000 for the funeral. WalMart didn't lend a hand at all. There's a fact that, a young worker, and female, would earn a company way lot of money than an older female as well as the other opposite sex. This is because women is expected to live longer than a normal man. So when a young female worker dies, maximum profit can be gained.

What's with the name anyway? Dead peasant?? You must be kidding me. What have those workers done to deserve such name? USA is realllyy famous with their human rights activism, especially the government which never cease to meddle with other countries' matters. Corporates in USA clearly violated human rights on this matter. Why does the congress didn't lay a finger on those damn corporate people? Well, the reality is, most of the congressmen are actually involved in this kind of 'business'. Many who become congressmen have corporate background. Since the president Ronald Reagen and up until the reign of George W.Bush, politicians and board leaders in Capitol Hill had deep affiliations with a few mega finance companies such as the Golden Sachs company and the Meryl Lynch, the biggest retail brokerage company in the world, In fact, the one who controls the USA national treasury during Bush time was an ex-CEO of Golden Sachs. There's no wonder such act never been abolished at all, because the people higher ups were getting profits, a whole damn lot of greens.

So there you have it, one of the many reasons why rich people controls 3/4 of world resources.

There are still many other methods they used, but I'm not gonna go further into those. Honestly, who wants to know anyway? Capitalism is always right, right??

TAMMAT