David D.
Banned
- Joined
- Aug 22, 2011
- Messages
- 397
- Reaction score
- 173
- Location
- Windy City
- Gender
- Male
- Political Leaning
- Slightly Conservative
Great post sam and right on target....when CEO pays became tied to stock value is when all the shenanigans began, whether or not the stock gain was sustainable or had any relation to the companies long term health didnt matter, CEOs got paid and recieved bonus'
If I said it once I’ll say it again that humans are much too short term in their thinking to ever make pure free-market capitalism completely sustainable.
Capitalism does have its (many) virtues, however it in its pure form isn’t a solid end-state solution for humans (in my opinion).
Whereas focus solely on the whole sometimes ends up diminishing the individual, focus solely on the individual sometimes ends up diminishing the whole. I think we need to find a middle ground.
We need to give some of these bankers a hard spanking (and not in a sexy way), too, for being so irresponsible with such large sums of money for the purpose of personal gain.
And the only way to 'spank' a banker is to force-ably take away his money, make it harder for him to make money, or make him incapable of making money for a period of time; each of these have its own set of consequences, too, for the broader society they bank in.
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