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Free Essay / Term Paper: Corporate capitalists - The superrich make their money from the labor of other people.
The Corporate Capitalist, “superrich” according to Dr. Parenti is the very rich owning class which make their money from the labor of other people. The secret to their wealth is having others work hard for them. Dr. Parenti describes the corporate capitalist as having the highest power of any other group in our society. Corporate Capitalist threaten democracy by purchasing political linkage and using it to their advantage. Dealing out their wants and demands at the cost of those that work for their living. Capitalists profit from the working class, holding down rages, cutting benefits, and reclassify jobs to lower wage categories. During recent recessions, corporate profits grew to record levels as companies squeezed more output from each employee while paying less in wages and benefits (Parenti).This comes to show that corporate capitalist are exploiting the American worker for personal profit. The power of profit is the element that joins the corporate capitalist to the political system. Wealth creates poverty and relies on it for its own continues existence (Parenti).The incr....
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