Pages

10 comments

Jump to bottom
1 WINDUPBIRD DISEASE [S.K.U.M.M.]  Sat, Feb 18, 2012 9:41:56pm

they're so evil! I have to laugh at how evil these shits are

2 RoadWarrior  Sat, Feb 18, 2012 10:54:51pm

Nobody should have the right to limit the reward to anyone else's labor. If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors. Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me. I wasn't going to get any piece of that money if he didn't earn it. I'm certainly not entitled to his shares. I really do not care. I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

3 Timmeh  Sat, Feb 18, 2012 11:14:41pm

re: #2 RoadWarrior

Nobody should have the right to limit the reward to anyone else's labor. If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors. Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me. I wasn't going to get any piece of that money if he didn't earn it. I'm certainly not entitled to his shares. I really do not care. I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

The problem as I see it though is that the rewards are not always distributed according to actual contributions but usually according to bargaining power. Rank-and-file workers today have very little bargaining power, whereas CEOs and boards of directors have immense bargaining power, and can basically set their own salaries.

Bargaining power is not the necessarily the same as "earning." For example, if you are dying of thirst in a desert, I could sell you a bottle of water for $1000. It might be worth it to you but the premium I receive is due to bargaining power, not because I "earned" it.

4 celticdragon  Sun, Feb 19, 2012 5:17:30am

re: #3 Timmeh

The problem as I see it though is that the rewards are not always distributed according to actual contributions but usually according to bargaining power. Rank-and-file workers today have very little bargaining power, whereas CEOs and boards of directors have immense bargaining power, and can basically set their own salaries.

Bargaining power is not the necessarily the same as "earning." For example, if you are dying of thirst in a desert, I could sell you a bottle of water for $1000. It might be worth it to you but the premium I receive is due to bargaining power, not because I "earned" it.

This.

Something else to consider is that American worker productivity has increased by about thirty percent in the last thirty five years. Pay has stagnated and even gone down in that time (especially in the last ten years) while executive compensation has roughly quintupled.

Things that make you "hmmm".

5 Obdicut  Sun, Feb 19, 2012 5:21:33am

re: #2 RoadWarrior

Nobody should have the right to limit the reward to anyone else's labor.

The subject, in general, is not labor, but the use of capital to produce revenue.

If someone doesn't like how much a CEO earns, they are free to build an organization to acquire shares in that company and change the board of directors.

They're also free to point out that the compensation is not actually based on the contribution to society, but just what the market will bear.

Why should I care if Mark Zuckerberg has $20 billion? It doesn't hurt me.

To have money aggregate among a small percentage of the population slows the velocity of money, dampens R&D, inhibits education, and impoverishes the nation. Traditionally, capitalism has been defended as the best system to guard aggainst the accretion of money into claves; to have it defended now because it accretes money into claves is fucking weird.

I need to focus on what I can do for the world. Maybe, one day, I can figure out how to contribute something that people appreciate, as well.

Who do you think contributes more to the world-- Jimmy Wales, or Zuckerberg? Atul Gawande, or Rush Limbaugh?

We used to care how people made their money. Now we just fetishize big incomes regardless of their source.

6 Achilles Tang  Sun, Feb 19, 2012 7:44:52am

re: #1 windupbird is in the gravity well

they're so evil! I have to laugh at how evil these shits are

Evil would be nice, but I'm afraid it is simply stupidity with a very close horizon (as comes from reading certain books too literally).

7 Achilles Tang  Sun, Feb 19, 2012 7:46:34am

re: #2 RoadWarrior

You really haven't thought much about this, have you? Can you spell oligarchy, for example? Do you know what it means?

8 Romantic Heretic  Sun, Feb 19, 2012 8:17:42am

I giggle every time somebody defends ludicrously large management salaries. It's not surprising though.

Our society suffers from two major delusions in this regard. The first is that people in management positions are capitalists, and that the higher they sit on the hierarchy the more capitalistic they are. This isn't true. These people are employees, nothing more. They don't own the company. They run little or no risk managing it. Even things like stock options are merely an illusion of ownership as such options are designed to make sure the manager they are assigned to never actually loses money.

The other delusion is that capitalist are wealthy. Which is another untruth. Most capitalists lose their shirts. At best they make a decent living. Saying being a capitalist is a path to wealth is like saying playing football is a path to the NFL. In real life, most of us end up sitting in the stands watching the truly skilled play.

Finally, many of those alleged CEOs are removed from reality by yet another layer. They are in finance rather than industry. We like to think that the stock market and all the other investment tools are capitalism, but in actuality it is speculation, gambling. A person who owns stocks doesn't really buy a piece of a company. They buy betting chits where they get a return on whether they bet intelligently or luckily.

Worse, most of the gamblers are not individuals anymore. They are institutions, abstract entities. Any money made through these entities gambling stays inside these entities and is bet yet again. This system may grow, but little of the money in this system ends up in the economy at large.

Now this system of finance resembles a tumour. Like a tumour it is spreading out of control, sucking up the body's resources and poisoning it as well.

Okay, done ranting. Have a good day.

9 nines09  Sun, Feb 19, 2012 8:18:50am

You can only hope that the luster doesn't wear off of Rick and he gets the nomination.

10 philosophus invidius  Sun, Feb 19, 2012 9:53:13am
people rise to different levels of success based on what they contribute to society

So I guess the creators of "Jersey Shore" and the Megaupload guy must have really contributed a lot to society.


This page has been archived.
Comments are closed.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our yearly subscription, and save 50% off the normal subscription price! One-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2015-03-17 11:42 am PDT

LGF User's Guide
Recent Pages
FemNaziBitch
Should Women ‘Man Up’ at the Office, or Does Office Culture Need to ‘Man Down’?
About the Graphic How should a woman try to get ahead in a male-dominated workplace? Perhaps the answer lies less on women "manning up" and more in how businesses value their employees. Many women confront this tension as they ...

12 hours, 18 minutes ago
Views: 171 • Comments: 0
Tweets: 0 • Rating: 0
Thanos
Negotiators at Iran Talks Said to Aim for March 29 Agreement
Negotiators aim to conclude a framework agreement over Iran's nuclear program by March 29, diplomats said as talks in Switzerland resumed after a week-long break. Reaching an understanding by Sunday is a best-case scenario and the sides may be ...

14 hours, 11 minutes ago
Views: 150 • Comments: 0
Tweets: 1 • Rating: 0
William Barnett-Lewis
Orthopraxy Pt 2
If we accept the idea of Orthopraxy over Orthodoxy, then what does evangelism look like? What is the Witness of those who try to follow the Way of Christ Jesus? To evangelize is to spread the good news that we ...

1 day ago
Views: 200 • Comments: 0
Tweets: 0 • Rating: 3
thecommodore
Eric Alterman: A Wake-Up Call for US Liberals
A short column in The Nation that is a must read. The primary difference between liberalism and conservatism, at least in theory, is that the latter is an ideology and the former isn't. Conservatism, as Milton Friedman argued, posits that ...

1 day, 8 hours ago
Views: 393 • Comments: 0
Tweets: 1 • Rating: 4
Great White Snark
The NSA Has Taken Over the Internet Backbone. We’re Suing to Get It Back.
Blow off Snowden all you like, but what was revealed to be true is still true. The NSA lacks oversight with power. FISA is already too much and now they casually exceed even that generous provision. The world first learned ...

3 days, 7 hours ago
Views: 536 • Comments: 9
Tweets: 0 • Rating: 3
Lumberhead
Lead Prosecutor Apologizes, Admits Mistakes in Glenn Ford Case
This is a powerful admission of culpability and I applaud his courage in making it. It really should be read in its entirety. Glenn Ford should be completely compensated to every extent possible because of the flaws of a system ...

6 days, 7 hours ago
Views: 684 • Comments: 4
Tweets: 0 • Rating: 8
Dark_Falcon
Sarah Vine of the DM gets it wrong on teaching about rape.
Sarah Vine of the DM gets it wrong: SARAH VINE: Teaching 11-year-olds about rape is a form of child abuse The problem with this country, I've come to realise, is that it treats adults like children and children like adults. ...

2 weeks ago
Views: 1,117 • Comments: 6
Tweets: 0 • Rating: 9
Fred72
Obama, Reagan, treaties, and agreements
So sayeth Conservative Reason: This was a deal. Not an agreement. Not a treaty. A treaty lasts months, years, or decades. This was a short-term project to solve an immediate crisis. Were laws broken? Sure. But there was no violation ...

2 weeks, 4 days ago
Views: 1,226 • Comments: 2
Tweets: 0 • Rating: 1
Shiplord Kirel
Stonehenge Damaged With Chewing Gum and Graffiti During Winter Solstice
Friggin' barbarians...... Dare I say it? Well why not? More white people behaving badly. If that seems a stretch, just try to imagine the berserk meltdown if this had been a mob of black teenagers at a US national monument. ...

2 weeks, 5 days ago
Views: 1,315 • Comments: 1
Tweets: 10 • Rating: 9
 Frank says:

Did anybody dance? -- Said after performing the highly, shall we say, evolved "Black Page #2" on "Zappa In New York". (And as you probably already know, this was the song that alerted FZ to the existance of his stunt guitarist to be,Steve Vai, after recieving a sheet music transcription of the song, made by young master Vai.)