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Originally posted by icu20
Our markets would have already collapsed multiple times over if not for massive, beyond massive, government intervention in the past few months buying up companies. If China, or other countries pull out of our investments and don't make tax payers bail us out, we're "on the verge of a meltdown" says Bush.
On a side note, msnbc, fox, and all other news agencies are showing people saying to restrict ceo salaries to that of president, etc... Isn't this communism? How can you run a 500 Billion Dollar company and make $200,000? Who would want that responsibility? Then have everyone after their head if it fails?
Has Communism slowly taken over America, who is dictating polcy when we're bailing out foreigners? We are making our workers pay?
There is a very old argument about who controlled whom in Fascist Italy and Nazi Germany at various points in the timeline of power. It is agreed that the army, the wealthy, and the big corporations ended up with much more say in decision making than other elements of the corporative state. There was a power struggle between the fascist parties/leaders and the army, wealthy, and big corporations. It waxed and waned as to who had more power at any given time. Scholars have used the term "Mussolini's corporate state" in many different ways.
Franklin D. Roosevelt in an April 29, 1938 message to Congress warned that the growth of private power could lead to fascism:[b/]
The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by any other controlling private power.
Originally posted by mental modulator
Originally posted by icu20
How can you run a 500 Billion Dollar company and make $200,000? Who would want that responsibility? Then have everyone after their head if it fails?
They can kiss my ball. if they cant function at 200,000 in their accounts then they REALLY dont need to be incharge of 500,000,000 worth of financials. i exists perfectly happy at 1% of their yearly salary and have no problems paying my bills. of course i did graduate high school, so its doubtful others can follow my lead.
the thing that makes me SO MAD is the fact that execs get golden parachute packages ALL THE TIME. Sometimes, this money is taken from MONIES COLLECTED FROM U.S CITIZENS. if an exec does a good job, like any worker, then they should get a reward as voted on by shareholders.
well as a defacto shareholder of these worthless companies as payed for by my EXPENSIVE taxes, i vote they dont get a cent, because they were to busy playing tetris and posting on ATS to see their companies dissolving like sand escaping their greedy talons.