There was recently a big fuss about how the Hostess company was going out of business, because many people seemed to have a sentimental childhood attachment to its products though I personally had never eaten any, perhaps because I had not grown up in the US. Much of the media spread the message that the cause was that the workers were not willing to grant huge concessions in salary and benefits for the company to stay in business.
It now turns out that the company had been using its workers’ pension funds to cover operations while it increased the salaries and bonuses paid to their executives, despite their poor management of the company.
There seems to be no end to these stories of how wealthy company executive and board members have enriched themselves while running their businesses into the ground. These are the supposed ‘job creators’ whose interests, we are told, must be carefully protected and even enhanced. But what they really are are the classic Randian ‘moochers’ and ‘looters’, living off the hard work of others.