@bluesbaby maybe a CEO pay & benefits cap? based on the lowest paid employee's pay?
Oh, like taxes? [sarcasm font]
@bluesbaby no one is "worth" multi million salaries, especially not in corporations that exploit workers for less than poverty wages. the president of the US makes $400k/year. why should a CEO make more?
Well, the capitalist model suggests there is no earning limit, which is why the government needs to put up barriers to exploitation in the form of fair taxes, minimum wages, collective bargaining, etc.
I agree that unfettered capitalism fails regular people, but I argue that a social democracy based on a capitalist economy can work. The fetters have been removed and one party is trying to put them back.
I also agree that propaganda has been very effective in getting people to vote against their own interests.
@bluesbaby centering the well being of the general population over the desires of a few greedy men makes for a much better, safer and saner society
IMO, Citizens United is what allows this to happen.
@bluesbaby Citizens United, allowing lobbying , "think tanks" and opinion to be disseminated as fact, without disclaimer that is IS opinion
Allowing corporations and unions to spend unlimited amounts of money to support their chosen political candidates, which resulted in that lobbying, think tanks, etc.
@bluesbaby and, of course, allowing former congresscritters to move to employment with lobby groups & think tanks after they leave office...
Yup. All those fetters gone.
Exactly. It comes down to electing officials that bow to greed.
The system works pretty well in Canada too. Given our economy is so closely linked to the US., we have had to learn how to balance socialism with capitalism in a way few other nations have.
@bluesbaby oh, obviously it can work. look at Norway, Denmark and Sweden. they're democratic AND capitalist. it's just that the people, and therefore the government, have demanded guardrails against unfettered greed.