Communism does not work because it is against human nature. Pure and simple. Capitalism is the most successful type of economic system in history for a reason, it is a returns / reward based system. Fits right into basic human nature, I want, I work towards and I recevie. Goes back to basic hunters and gatherers I would think.....
"Normal" employees make mistakes all the time and do not get fired nor reprimanded, not sure where that statement from you is based. CEOs are let go just as "normal" people are, and yes they often get large amounts of cash on the way out. All part of the package they accept when they take the position, nothing wrong with it all. If the market demanded that same type of compensation pacakge would be built into all types of "normal" jobs but it does not.
Of course "normal" people do not make $10 million a year, that is not a negative reflection upon those that do. So many people ready to attack and berate those who make these type of paydays, and none among those critics would turn down a dime of it IMO. Hypocritical to a fault I guess...petty jealousy and envy are basic human natures as well. CEOs are not "normal" employees, they have skill sets that are well above the "normal" employee and thus they are composted for it. I make a pretty darn good living, but my CEO makes many many many times what I do, and deserves every penny of it.
except some types of capitalism always incentives the "me only, forget everyone else".. which destroys another part of humanity's basic parts.. RELATIONSHIPS AND SUPPORT... humans by nature are based on friendship, relations, contacts and family.
please note that I'm talking about Neoliberal capitalism.. (aka no string attached capitalism, which no regulations.. nothing)
This type of capitalism as destroyed nations and given the control to big business..
Big business who act like old feudal lords and dont give a damn about the needs of the population.. and they do not understand that once the anger and desperation of the people is high enough.. revolution will come...
Current neoliberal capitalism for example; does not fit the "give and receive", specially in the cases of the big corporations.. most of the "give" is absorbed by the superiors.. so the "work as hard as you can" is useless for most people now.. as they expect you to work as hard for the same (aka no salary upgrade, no rank upgrade..etc..) and the guy above you claims the efficiency boost was his work.
This chain goes high and high and high.
So you get 300 guys working overtime busting their .. they get no upgrade.. nothing.. but the CEO is given the opportunity to cull 600 jobs because the 300 guys are working as much as those 600...
Who wins? only the CEO and the investors. (hence why trickle down economics doesn't work in this model of neoliberal capitalism, as the glass is full, they move it overseas and continue filling the glass.. worse when they invest it elsewhere in the world, sinking the local economy).
Irony of these days are babyboomers.. who got most of their benefits and easiness of life thanks to Unions.. now demonize them. Also claim the classic "Stop wasting My Tax dollars" all while they use and love love these tax stimulus(or their retirement checks).
I was more referring to your implied notion that poor people are poor because they don't work hard enough.
agree, this therm is bull. (like I explained above)
Many people work their .. 3 jobs..etc.. but they are still trapped.
Work harder is not always the solution.. even less now..
work smarter is the way to go.. but since school and others are now in ridiculous inflated prices.. kinda hard to get again from that poverty trap.
I'm sorry, IMO as CEO's go, Iger deserves it. That doesn't mean I agree with his methods, but the company has had incredible earnings under his watch. Acquiring Pixar, LucasFilm and Marvel were brilliant, brilliant moves.
It's scary to think they could have done much, much better if some of the franchise flicks (John Carter, Tron, Prince of Persia, etc.) had done what they were supposed to do (and spawned sequels, etc.) or if he had invested in the parks like he needs to.
The really nauseating thing is that Jay Rasulo made $10 million. What a complete joke.
I agree as he did what he was hired for.. bought very valued companies (specially Marvel) and gave really well values to the investors despite very slow economy.
will it benefit us? not so much, will it benefit those investors? A LOT for sure. (and himself of course)
So you think 10 to 1 should be the maximum difference in pay for U.S. companies? If not then how much? Who should set the limits the good ole government or the companies themselves? I mean if you think it's out of control as it stands now then I would guess you are in favor of one of the two controlling it. Just curious to as to what you think is "fair" pay.
Imho, people should NOT pay themselves.... They should be paid according to their performance.. not only for the investors but for their workers too.
Here in Mexico it is a huge problem that our congress fights over anything, blocks their proposals each other every day, and only get in line when someone pays them a huge sum (corruption).
The only thing they agree always is.. raising their salaries!.
Id say they get paid between 2x to 10x what a 1st world country member does.
And they have everything paid (flights, vacations.. bonuses..etc..)
To resume.. parasites.
Things don't "break even" unless folks work to make it so for themselves. Just the way it should be IMO. Want what the other guy has? Go earn it, simple enough. Can't earn it because you lack the skills they do? How is that their fault? To belittle his right to have it because you don't or can't is simply envy and jealousy, nothing more.
If everybody had the ability to be a CEO of a multi billion dollar company, throw a football 50 yards or act in a 150 million dollar movie then the pay scale would be much much lower. But they do not so it is not. Simple market values at work.
Except it not always works that way.
a lot of big powerful ceos got there just because of relationships (be friends or family..etc..) than actual skill.
There are ceos who sunk entire companies again and again, yet they were given tons of opportunity due of their family name, reputation... links..etc.. (no different from the old medieval times when marrying was all political and for power). Kinda reminds me of the stories I read about George Bush Jr. (where he sunk many companies due of his inept management) yet got more jobs and then even got elected.
Imho...To resume.. to really win in this world you have:
a) Relationships or Family ties. (includes be born in wealth)
b) Incredible Skill (singing..etc.. but without relationship links you are nothing or will find nothing)
c) Work Smart
d) Education
e) Work Hard
(education isn't as important.. why? when you're smart and you learn something really well.. they will hire you than hiring a recent graduate guy who knows nothing.. aka experience is more valued)
but then, that's my opinion. To prevent disrupting the forum or getting anyone angry I wont post here anymore.
for those who contributed thx for the opinions! It was a good discussion. (also.. miracle.. this thread hardly had insults or remarks).
I couldn't have a conversation with you about this if I tried, my knowledge of economics is equal to that of a monkey's. I'm sure there are some issues when it comes to the different wealth tiers around the world. The way I see it money isn't everything, but it's nice to have. If you want to make a lot of money there are thousands of ways to do it, many of which just require a bit more work than your average middle class career.
