It is time, as a nation, that we stop worshipping corporate greed and businessmen like Jack Welch, the former head of General Electric. While in corporate circles, and in the corporate media, Jack Welch is regarded as a brilliant and successful businessman, the truth is that he represents almost everything that is wrong with contemporary capitalism. As the CEO of General Electric, Welch moved dozens of GE factories abroad, outsourced hundreds of thousands of jobs, and slashed benefits for many of his employees. To add insult to injury, after destroying the retirement dreams of so many of his workers, he received a $400 million golden parachute for himself. This type of greed and ruthless capitalism is not an economic model we should be embracing. We can do better; we must do better.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "It is time, as a nation, that we stop worshipping corporate greed and businessmen like Jack Welch, the former head of General Electric. While in corporate circles, and in the corporate media, Jack Welch is regarded as a brilliant and successful businessman, the truth is that he represents almost everything that is wrong with contemporary capitalism. As the CEO of General Electric, Welch moved dozens of GE factories abroad, outsourced hundreds of thousands of jobs, and slashed benefits for many of his employees. To add insult to injury, after destroying the retirement dreams of so many of his workers, he received a $400 million golden parachute for himself. This type of greed and ruthless capitalism is not an economic model we should be embracing. We can do better; we must do better." in the context of "Bernie Sanders Our Revolution (2016)" to mean that wisdom is timeless.