What do Amazon’s $40M CEO payday and 175,000 layoffs have in common? They're both part of a masterclass in modern corporate grift. In this episode, Dr. Jim exposes how tech giants and Wall Street are running one of the biggest economic cons in plain sight using AI hype and balance sheet manipulation to line executive pockets while gutting the working class. Spoiler: the game isn’t just rigged; it’s rigged against you.
Chapters:
00:00 – The Illusion of AI Partnerships
01:05 – Record Layoffs vs. Record Profits
02:10 – CEO Greed and the Human Cost
03:15 – The Long Con: Exploitation as Business Strategy
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Music Credit: Good_B_Music
Mentioned in this episode:
Left in Exile Intro
Left in Exile Intro
Transcripts
Dr. Jim: [:
Play a game where all of these CEOs are shifting money from one pocket to another and claiming that it's a huge benefit and a huge gain in partnership for their respective companies.
And you've seen the stock market respond with record gains for these companie. While nothing has really materially changed in their books,
what you're seeing, it's the equivalent of you taking a dollar from your left pocket, putting it in your right pocket and claiming to everybody that you just made yourself a hundred percent richer.
How ridiculous does that sound if you're a big tech player? Doesn't sound ridiculous at all. And if you're a shareholder, it sounds like it's the best thing since sliced bread. This has all the signs of a giant bubble that is about to burst because none of it is real and it's all made up and it's all pr, but that's just the tip of the iceberg.
else have we seen going on? [:
All of this is happening while companies are claiming record profits, record growth. And CEO compensation packages have gone through the roof. At the same time that Amazon is announcing the biggest layoff in their history, their CEO is making $40 million a year at the same time that UPS is announcing almost a 50,000 person layoff.
diculous money for basically [:
But that's just one other piece of the entire puzzle. The same time all of these things are happening. You've seen these companies, several of them. Spend and invest millions and millions of dollars in propping up this regime. And in fact, they're funding several vanity projects, including a $330 million monstrosity of a ballroom that is looking more and more like a giant money laundering operation.
But wait, there's more. While all of these scams are happening, these companies are crying poor that they can't. Raise the minimum wage. They can't back any policies that increase the average wages of of the worker. It's been the same old song and dance, and it's been going like this for the LA better part of the last 50 years.
Where on the one hand, the executive suite can make ridiculous money and the rank and file falls far further and further behind to the point where the average worker is working two, three jobs to just make ends meet. And they still need public assistance to just bridge the gap. This whole thing is a giant scam.
And to top it all [:
That's why I say this whole thing is a scam, and the best way for us to respond to a scam like this. It's to opt out, it's to stop participating, and we have an opportunity coming up in the holiday season to hit them where it hurts most, and that's in their pocketbooks.
We should seriously be considering about who we are doing business with and remove our dollars from those companies that have made a decision that their CEOs are more important than their rank and file workers,.
We need to make sure that we make these people pay. And the best way to do that is to opt out. And the best time period to opt out is immediately through the Thanksgiving period and the holiday season. We need to be united in a decision to black out the system and that's the way forward. Make them pay
