Wednesday, May 23, 2007
WHY THERE IS RUNAWAY CEO PAY.
Runaway CEO pay is actually proof of a non-free market economy. In a true free market economy no business with any kind of runaway pay can survive. What the US have is actually a government driven inflationary spiraling economy. What they call growth is actually inflation produced by government giving out free money on an individual basis and raising the cost of living itself each year.
Otherwise, who knows if we would have had any true growth in the last twenty years? In a true free market system the amount of labor and pay is directly connected and the currency is supposed to represent a fixed amount of gold backup. Sure, a civilization must have laws, but in the final analysis the real true disciplinarian is the economy itself. We have laws on the book now to control crime, illegal immigration, drugs, and anything you can think of, but everything is out of control and is only going get worse.
This welfare state economy is an enabler that promotes a lack of individual responsibility and accountability, whereas a true free market economy would demand individual responsibility and accountability. Enough human self-interest can and will overpower any law. I will guarantee you if we got rid of this doomsday welfare state economy it would bring back individual responsibility and accountability.
Now, you can’t get Americans to do farm work in the blazing sun, but, if one gets hungry enough he will work anywhere he can.Also, the public would bare some teeth and would never tolerate the amount of crime and illegal immigration that's taking place. That is what a true free market place would do. Remember, I'm not making the rules I’m just telling you what they are. No one really knows what kind of economical system we really have.
"We are in no man’s land. We have gone where no man has gone before. We are truly in uncharted territory or waters." We are just printing money as we see fit and using the interest lever to keep from going completely off the chart.Again, I’m going to walk through this, an economy is when you have a lot of people and each family must produce or create something of value to eat and live.
What one needs and doesn’t have he must barter to get it from someone else. But, if he wants a pig and only have potatoes to barter with, the other person may not want potatoes. So, a currency solves the problem where everyone can exchange with everyone else. The point I'm trying to make is a currency or a business is only a mean of exchange unless the currency itself is of value instead of just worthless paper.
The ability to eat, sleep, and stay warm is still when someone somewhere is producing something of physical value. Small farmers and gardeners is the backbone for any nation to survive under all conditions. You can have the biggest business and more cash than you can shake a stick at, but the guy with a garden and a shot gun has the advantage when it comes to raw survival.
I don't have a problem with mega-farms and huge animal factory farms, but for a nation to rely solely on them for their only survival is just plain dumb and stupid. Everything about them requires mass quantities of fuel plus long distance delivery. We are now left with no bartering capacity to exchange with each other to survive on in case of a national emergency. Food in a foreign country or miles away are not going to get to our mouths if we don't get our sixty percent overseas oil supplies.
Sure, we can flee Iraq and lick our wounds for a while before we start starving due to a lack of oil to keep the eighteen wheelers rolling. A nation can survive a worthless currency crisis only with backup bartering capacity. There is no doubt in my mind unless we privatize out of this welfare state at some point our currency is going to become worthless. What actually makes a democracy superior to all other forms of government is not its freedom but its built in discipline.
When it comes to discipline nothing beats the tandem of reward or punishment. That is why it is so hard to lose weight; the body uses reward or punishment to make sure you eat. The reward is the good taste of food and the punishment is hunger. A true free market place rewards human effort with profit and on the other hand punishes laziness with hunger and hardship. Wait! Not so fast, along comes the bleeding heart socialist and he wants to take away the profits of the productive and give it to the non-productive.
And in time he will kill or destroy any democracy. Don’t get me all-twisted; I care about the poor too. But, I believe the welfare of the poor is first the responsibility of the nuclear family, the church, social organizations, and lastly the government only on a temporary basis..----------HOME
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