Sunday, March 15, 2009

Just a quick note on humanity...

Just this morning I read in Al Jazeera that the insurance company AIG is dolling out 'contractual' bonuses-with their 170 billion dollar bailout funds-to their executives, with promise of a scale down such bonuses in future. Given the company has suffered 61.7 billion dollars in losses in the fourth quarter alone last year, this speaks to me of many issues we must address as a functioning society.
First: where are the moral groundings of these men and women? Perhaps I am naive, but I am assuming that any individual absorbing a portion of such an immense, superfluous amount of money as a 'bonus' is not to be considered in dire straights financially at present, and given the nature of the job itself this is typically, and unfortunately, a given. How can one accept such irrationally-distributed amounts of TAXPAYERS money, when families have lost their houses, their possessions, their ability to feed their families without worry, ect? Do these people lack empathy? It's a sad, scary state of affairs, this.
Secondly, the company cites 'contractual agreements' as the necessity to pay up. Since when does a piece of paper, a contract signed in different social timeframes with different financial outlooks, trump a state of urgent reality? Unfortunately, contracts are stagnant and do not consider conflicting realities: they exist in history and are constrained as such. In the worst financial crisis seen in decades, should it not be taken into consideration that perhaps these so-called 'advisers' don't need another yacht? How can they justify the bonus when many who perhaps advised have done so failingly, as the economy as a whole has seen massive losses... this hypocrisy is just inexcusable. It's to bad if anything, that we can't monitor where, precisely, this bonus money goes after it has been distributed: after all, there are a lot of newly-foreclosed houses up for grabs.
It is disgusting to me how scared we are as a society of shifting the tides of 'rational democratic conduct' when life intervenes. It's a bit of a double-edged sword, I realise, as social contracts are typically valid and a means of ensuring some degree of security within certain frameworks. But shouldn't we have a social contract that deems human decency, human necessity, and dire circumstance could postpone such unnecessary acts? If such a contract could be presently modified so that society as a whole benefits from it, rather then a select few-hmm, sounds familiar-shouldn't it be our duty as human beings, one in the SAME human beings, to do so?
This is perhaps a mute point: we allow deeply disturbed leaders to commit mass genocide without so much as shaking a finger. We keep our allegiances with those who can financially benefit us, and ignore the problems of those who cannot. We leave our low-income and our homeless out to fend for themselves, whilst giving AIG Executives bonuses drawn from a 170 million dollar bailout.
It is sad how emotionally depraved some people are. I hope these executives fail to sleep at night, knowing a mere fraction of their bonus could have benefited entire families in their own country.

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