reply to post by KonigKaos
"CEO's of companies are over payed and underworked, while the works (slaves) create that CEO's vast wealth by working themselves to death for low
Why should severity of labor merit pay? Surely one does not deserve greater reward because of the experience of physical burden. Pain is subjective.
Whoever is in control of the factors of production deserves greater reward. While some people in some populations have an advantage, the thing that
makes America so great is that at birth most people are given the choice and chance to excel if they really want it. There is a massive chain in this
capitalist society. Manual labor is but a single linkage, with management, accounting, executive decision making, investment, research,
transportation, planning, marketing and advertising providing the bonds for each successive coil. You have to use the system to your best advantage to
make sure you don't get stuck at the bottom. That means not breaking any laws, being ruthless in your studies and aggressive in forming your social
networks, jumping at every single opportunity, enduring thousands of sleepless nights and seemingly interminable amounts of stress, fatigue, and
exhaustion. It's just absolutely naive to assume that one single faction within the division of labor should, based on the severely limited and
experiential notion of physical burden alone, be allowed to usurp power from wherever they please, or express their opinion that they, as the basis of
all production, represent society in its totality as if they were some great natural force.
Regardless of what you might think, at this present time we should not consider squandering excesses of payment to corporate executives on increasing
worker salary or employing more workers. That is, and never will be the solution. With the economy in wastes, with so many millions of people having
lost their jobs in the last year alone, such a crusade, through popular sentiment, might actually become the accepted norm. Nevertheless, it will
always be wrong and entirely contingent on mob politics. As soon as those workers get their jobs back, all the complaining will have stopped. Such a
situation only proves the irrelevance of worker dissent during the period when they are not employed. When they are once again employed, complaints
over executive compensation, while visible, will tend to diminish proportionally, and with extreme speed.
Anyway, the SEC has recently issued regulations, stipulating that public companies divulge a more complete set of information on how exactly they
decide pay for their top executives, including the tools, methods and procedures they use and go about to determine pay. If they are seen to be
unethical, we will know about. In the next few years we will finally have a complete set of relatively reliable data. Everything so far is inferred.
All you can trust are the mob voices of millions of dissenting working class people. Just because they're hungry, doesn't mean they're right.
Excesses in executive pay didn't cause the economic turmoil we are in now. You did. Consumer society did. A generation of people that produced very
little in terms of wealth that citizens other than those born in this country will ever share in or experience. We manufacture nothing important.
Microsoft is probably the only example of truly innovative American enterprise in this last half century. Our students go to technical schools to
learn how to advertise and effectively market products. Our budding scientists and most prospective outlooks squander their intellect on producing
video games, and synthetic materials, which might improve the quality of cosmetic goods, or on billions of wasted dollars worth of phoney
pharmacological products. Worst of all the offenses the general public perpetrated on this, our very own economy, is electing the Bush administration
for two consecutive terms. We failed as a Republic as we let the neocons legislate year after year, supply-side economic policy, tax cuts for high
income families and large corporations, and the most despicable bill ever to be introduced in any capitalist society: the Community Reinvestment Act,
effectively producing a gigantic whirlpool of fake promises and fake credit, in which mortgage repayments were extended to every single person you
could imagine, as well as their dogs, dooming the industry to complete failure by ruining the structural integrity of the credit system.
"Because every irresponsible bloke deserves a nice house and big fat plasma TV" as the general sentiment went.
[edit on 27-1-2009 by cognoscente]