Quest for Economic Slavery Has Driven U.S. Corporate CEOs to Idiocy — or Has It?

Glen Hendrix
4 min readJan 18

CEOs may actually be an alien invasion

Courtesy NASA

Nearly forty percent of American workers are bound by noncompete agreements. They cannot leave their current jobs and go to a similar job elsewhere. Franchises impose yet another restriction. Their employees cannot even move to another location in the same franchise. These are called no-poaching agreements and are implemented by more than half of franchisors.

American industry complains about the lack of workers on one hand and takes them out of the picture on the other. These restrictions bind an employee to the job, allowing employers to minimize wages and raises.

Another example of corporate America gone crazy stupid is the clause in employment contracts that says any ideas or intellectual property you come up with belongs to the employer, not you. If you don’t know how to negotiate or protect some project of a personal nature, they’ll take that intellectual property as their own. Here is a website that talks about that and what you can do about it.

Think of all the brilliant ideas employees never acted upon or developed because of this. Why would an employee fork over a multi-million dollar idea for a theoretical raise or bonus? If they were smart enough to come up with the idea, they were smart enough to keep it to themselves. Never mind that the world missed out on anti-gravity or a cancer cure.

This is on top of screwing over unions, keeping minimum wage at $7.25 cents an hour, and driving people to the poor house or the grave with the cost of health care. Who do they think is going to buy their products if we, the average American citizens, are dead or penniless?

Corporations have a plan to circumvent having to sell to us low life scum. Sell to the rich. That is why Bernard Arnault, co-founder, chair, and CEO of LVMH is now the richest man in the world. What does LVMH sell? Louis Vuitton bags and Givenchy purses, perfumes, and shoes. Dom Pérignon champaign and Hennessy cognac. Sephora cosmetics, Christian Dior. And many more of the luxury brands I cannot find and do not look for at Walmart.

It is why Ford has decided to do away with sedans and concentrate on the upscale markets of pickup…

Glen Hendrix

Artist, writer, poet, inventor, entrepreneur