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The Responsibilities of the Successful and Wealthy
profess confusion about why so many people are engaged in the Occupy
Wall Street Movement. These prosperous Americans have become
complacent. They are not bad people. But they are people who have lost
their way.
We have lost our moral compass. Long ago there was a concept known as
?Noblese Oblige?. The dictionary defines this as ?Benevolent,
honorable behavior considered to be the responsibility of persons of
high birth or rank.? You see, in the old days it was a common precept
that those of us who has attained great success in life (whether by
birth or merit) had the responsibility to protect the interests of all
the less fortunate people around them. Thus historically, kings
protected their people, rich landowners cared for their peasants, and
tribal chiefs subordinated their interest to those under their care.
When this historical obligation of the elite was forgotten, chaos
resulted. An example is the French Revolution. Had the elite only
sacrificed a little and fed the starving masses, they would have
escaped the guillotine. But they did not, and in a certain sense the
later outcome was inevitable.
Now history repeats itself. Our elite have forgotten history. They
have become gluttonous monsters whose greed is insatiable. The barons
of Wall Street and the Federal Reserve Bank have made hundreds of
millions of dollars in profit. They and their children?s children
could not spend all that money. Yet they see no reason to reform. The
hundreds of thousands of families who have lost their homes, their
jobs and their hope are not their problem.
I own stock in the Dow Chemical Company. The president of Dow recently
made some bad decisions that devastated their company profit. He then
laid off 1500 employees. Within a month he then paid himself an eighty
million dollar bonus. His conduct is so typical of the excess of
American management that there is no widespread protest at this
abominable behavior. ?Just business as usual?, I am told. Poor
?noblese oblige? is no longer remembered by our wealthy and powerful.
But our politicians are too compromised to now protect us. The large
political donations from the banks and financial institutions that are
necessary for the politicians to stay in office have rendered them
incapable of disciplining the banking and finance industry.
So the people, with no other outlet for their frustration, have taken
to the streets. Interesting how history is repeating itself.
Some day we will remember that concepts of honesty, character and
integrity are what made this country the greatest country in the world.
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