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Scott_Lafrance
Guest
Ummm, this thread is about CEO pay, which, if I am not not wrong, is an economic indicator. Socialism and capitalism are economic theories. WHere does the whole “governing people” come into this?
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Rascalking
Guest
It was my comment, and I stand by it. Socialism/Capitalism are both ways of governing people, running a monetary system, or however you want to comment on it. Is it a perfect explanation? Probably not, but I don’t care. It is a way of governing a country.
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Scott_Lafrance
Guest
True enough. He who has the gold makes the rules.
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bbarrick8383
Guest
Heck, hat would be a good name for it right there.
Get your own piece of the pie!
Anywho, I know a CEO who recently stopped drawing a paycheck to keep his employees on. Good man.
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Scott_Lafrance
Guest
I am not casting a broad net on all CEOs. But the ones who are making hundreds of millions while their companies get taxpayer bailouts is, to me, criminal. Its that whole “let them eat cake” mentality that cost Marie Antoinette her head.
Suudy
Active member
And that discontent is rooted in envy. That pesky 10th commandment…
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PatrickSebast
Guest
Capitalism and Socialism are becoming nothing more than buzz words used to discourage real discussion of economic theory/policy. No one wants Laissez-faire capitalism, nor does anyone want full blown socialism. Increases, decreases, and changes in market regulations should be argued on their own merits not based on whether they sound like they have capitalist or socialist leanings.
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Raskolnikov
Guest
My brother works at a consulting company that searches for qualified executives for client companies. Good CEOs are in high demand, and evidently these major companies have evidence that a good CEO makes a difference in the bottom line, and so are competing with each other and paying more than ever to get them. That some CEOs get hundreds of millions of dollars is entirely the result of the free market. Companies come into money without stipulations attached, they have no obligation to create jobs, or to serve the welfare of the public; they only do what will maximize profit, and if paying a CEO $100 million to keep him there will help them make or save $101 million, they’ll do it.
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Scott_Lafrance
Guest
Bite your tongue. I want laissez-faire capitalism and nothing to do with socialism.
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Scott_Lafrance
Guest
Right, its when they get paid hundreds of millions of dollars when the company that they are supposed to be steering to profitability accept billions of dollars in taxpayer bailout money is what I have a problem with. Particularly when the government sides with the corporations that these CEOs represent and persecute taxpayers.
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PatrickSebast
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Laissez faire capitalism simply does not work. History has shown on more than one occasion that without government oversight corporations will forgo the well being of others for profit. Even if you do want Laissez faire I can at least remain comfortable in knowing that the majority of people would rather have some oversight and regulations in things like food, drugs and labor.
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Raskolnikov
Guest
Yes. Not to mention the economic fact that markets do occasionally fail, though laissez faire capitalists would prefer to ignore that fact.
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oldcelt
Guest
Well said,
John
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Nec5
Guest
Capitalism is the best we have, but it can’t forever stifle man’s fallen nature. It is, after all, based on having greed compete with itself (economists call it self interest). I think we’re quickly approaching the point the Founders talked about regarding the inability of the country to succeed without a virtuous and religious people.
Regarding this thread, the middle class is quickly shrinking. Both parties are plagued by major weaknesses in their policies regarding jobs.
Regarding this thread, the middle class is quickly shrinking. Both parties are plagued by major weaknesses in their policies regarding jobs.
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Scott_Lafrance
Guest
Well, there you go equating syndacalism with capitalism. Read “The Wealth of Nations”. They are not the same thing. Our country’s economic system has morphed from capitalism to corporativism to syndicalism. History has shown that syndicalism pillages the land, and often government is not only approving, but in many cases complicit in it (see the FDA and Fanny Mae/Freddie Mac). Safety regulation is a legitimate role for the government. In its proper role, the government acts as “referee”, making sure that all parties play by the rules. But lately, the government gets itself involved in being both a player AND the referee (see the GM and Chrystler bailouts). How are private sector companies supposed to legitimately compete when they know that the referee is playing for the other side?
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Scott_Lafrance
Guest
Failure is a natural part of the life cycle. Constant government intervention, stopping this natural death and rebirth process, creates economic zombies. Just look at Detroit and most of the other heavy manufacturing in America.
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Bob_Crowley
Guest
It is nothing more than unfettered greed and selfishness.
James 5:1-8
“Come now, you rich, weep and howl for the miseries that are coming upon you. Your riches have rotted and your garments are moth-eaten. Your gold and silver have corroded, and their corrosion will be evidence against you and will eat your flesh like fire. You have laid up treasure in the last days. Behold, the wages of the laborers who mowed your fields, which you kept back by fraud, are crying out against you, and the cries of the harvesters have reached the ears of the Lord of hosts. You have lived on the earth in luxury and in self-indulgence. You have fattened your hearts in a day of slaughter. You have condemned and murdered the righteous person. He does not resist you.”
There are those who will try to explain away the statement, by saying it applies only to those who do not pay their workers. Funny how Christ stated we cannot worship two masters, God and Mammon. But for some reason we always seem to be able to ignore this.
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Scott_Lafrance
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And unfortunately, these character defects persist in every economic system.
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Bohm_Bawerk
Guest
Exactly. Finally I’ve met a person with common sense.
Thank you,
Eugen von Böhm-Bawerk
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irishpatrick
Guest
Equality of result for all!
That will be sooo great!
Has anyone read and understood the *Parable of the Laborers *anymore? Seriously.
*1 “For the kingdom of heaven is like a householder who went out early in the morning to hire laborers for his vineyard. 2 After agreeing with the laborers for a denarius a day, he sent them into his vineyard. 3 And going out about the third hour he saw others standing idle in the market place; 4 and to them he said, ‘You go into the vineyard too, and whatever is right I will give you.’ So they went. 5 Going out again about the sixth hour and the ninth hour, he did the same. 6 And about the eleventh hour he went out and found others standing; and he said to them, ‘Why do you stand here idle all day?’ 7 They said to him, ‘Because no one has hired us.’ He said to them, ‘You go into the vineyard too.’ 8 And when evening came, the owner of the vineyard said to his steward, ‘Call the laborers and pay them their wages, beginning with the last, up to the first.’ 9 And when those hired about the eleventh hour came, each of them received a denarius. 10 Now when the first came, they thought they would receive more; but each of them also received a denarius. 11 And on receiving it they grumbled at the householder, 12 saying, ‘These last worked only one hour, and you have made them equal to us who have borne the burden of the day and the scorching heat.’ 13 But he replied to one of them, ‘Friend, I am doing you no wrong; did you not agree with me for a denarius? 14 Take what belongs to you, and go; I choose to give to this last as I give to you. 15 Am I not allowed to do what I choose with what belongs to me? Or do you begrudge my generosity?’ 16 So the last will be first, and the first last.” *
That will be sooo great!
Has anyone read and understood the *Parable of the Laborers *anymore? Seriously.
*1 “For the kingdom of heaven is like a householder who went out early in the morning to hire laborers for his vineyard. 2 After agreeing with the laborers for a denarius a day, he sent them into his vineyard. 3 And going out about the third hour he saw others standing idle in the market place; 4 and to them he said, ‘You go into the vineyard too, and whatever is right I will give you.’ So they went. 5 Going out again about the sixth hour and the ninth hour, he did the same. 6 And about the eleventh hour he went out and found others standing; and he said to them, ‘Why do you stand here idle all day?’ 7 They said to him, ‘Because no one has hired us.’ He said to them, ‘You go into the vineyard too.’ 8 And when evening came, the owner of the vineyard said to his steward, ‘Call the laborers and pay them their wages, beginning with the last, up to the first.’ 9 And when those hired about the eleventh hour came, each of them received a denarius. 10 Now when the first came, they thought they would receive more; but each of them also received a denarius. 11 And on receiving it they grumbled at the householder, 12 saying, ‘These last worked only one hour, and you have made them equal to us who have borne the burden of the day and the scorching heat.’ 13 But he replied to one of them, ‘Friend, I am doing you no wrong; did you not agree with me for a denarius? 14 Take what belongs to you, and go; I choose to give to this last as I give to you. 15 Am I not allowed to do what I choose with what belongs to me? Or do you begrudge my generosity?’ 16 So the last will be first, and the first last.” *
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