View Single Post
Old 02-09-2009, 07:18 PM   #54 (permalink)
Seaver
Junkie
 
Seaver's Avatar
 
Location: Fort Worth, TX
Quote:
personally, i look at this as an insane skewing in the distribution of resources and cannot for the life of me figure out how it is exactly that the populist right was persuaded that defending this sort of nonsense was in any way in their economic interest. but there are greater mysteries in the world, ones that do not lead toward total cynicism in thinking about the way this one does.
Maybe because a lot of us in the populist movement realize historical fact when we see it. That in no society in history has everyone held an equal share, and they never will so long as we're human?

My reasoning has nothing to do with CEO's being paid well, it has to do with CEO's that failed miserably being paid well. People are paid by how difficult they are to replace. If a manager is integral to a company's success, he should be compensated as such. If a manager is worthless he should be paid as such. The CEO's who need bailouts failed in their duty, so if they need a bailout they should not get a windfall.

This is not a failure of the capitalist system no matter how you try to force that square into the circle. This is a failure of the people in charge keeping a lid on lending to those who can repay, and a failure of those keeping a lid on corporate expenses vs. international competition.
__________________
"Smite the rocks with the rod of knowledge, and fountains of unstinted wealth will gush forth." - Ashbel Smith as he laid the first cornerstone of the University of Texas
Seaver is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360