aquascoot wrote on Jul 15
th, 2022 at 5:25am:
thegreatdivide wrote on Jul 14
th, 2022 at 11:49pm:
aquascoot wrote on Jul 14
th, 2022 at 8:06pm:
CEO salaries took off under raegan and thatcher.
this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance.
the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value.
look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been.
the value of these things in your life is truly under appreciated.
look at sectors of our society which still have managers who earn only a bit more then their staff.
the heads of education and health .
schools are probably worse now then 20 years ago
teachers are dumber, they have low morale
hospitals are more dysfunctional
it takes longer to get treatment , hospital staff have low morale
when you put champions in charge, we all benefit.
i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns, they provide more value
https://theworldincrisis.com/inequality-as-a-factor-in-social-unrest/The World In Crisis "Income and wealth inequality is higher in the United States than in almost any other developed country, and it is rising. There are large wealth and income gaps across racial groups, which many experts attribute to the country's legacy of slavery and racist economic policies.20 Apr 2022".and
"The extremes of wealth and income inequality that have developed within the OECD countries, and particularly in the United States, since the early 1980s, have created unbalanced societies, which are by their nature more unstable than was the situation in the 1950s and 1960s. Arguably the mass of the OECD populations have little idea just how extreme the levels of inequality are, but the increasing pressures on the bottom 40% of the population will result in higher levels of social volatility "
Beware the disadvantaged, they are already on the rampage in many countries...you are not necessarily immune to such social unrest. .
i agree with you.
No you don't, you said: "
when you put champions in charge, we all benefit. which is obviously incorrect, because as the 'World in Crisis' guotes revealed, inequality has been soaring since the 80' s while these "champions have been in charge".
In fact you were on the right track mentioning Thatcher and Reagan, who initiated the neoliberal era in which inequality has soared.
The problem was caused by the abandonment of the Keynesian 'welfare state' politics of the 50's and 60's ...for various reasons including the Arab oil embargo and increasing competition from low wage Asia (eg Corollas supplanted Fords and Chevs as the world's highest selling vehicles) which created 'stagflation' and the "1st world rust belt" in the West, as companies chasing lower wages shifted manufacturing to Asia during an era of increasing globalization, and lowering tariffs.
Quote:whats interesting is that the guys at the top of amazon, google, facebook (meta) , are virtue signalling their wokeness like crazy.
That's not "interesting"; they are just aware of the damage to social cohesion they have caused, as secure, well-paid manufacturing jobs have left the US, in favor of these behemoths monopolizing service "industries" (eg I hardly ever need or use facebook, how on earth it's worth $billions is beyond me...)
Quote:this is clearly to try to convince the people at the bottom they are on the side of the "oppressed".
"Oppression" is a mis-characterization of disadvantage, which IS very real in our current dysfunctional neoliberal economy.
Quote:so far, people havent woken up to the fact that corporate 'wokeness" is just a very very cheap scam to try to throw the masses off the scent.
Well, Gates and Zuckerberg have said billionaires SHOULD pay more tax; "wokeness" is more a RW concept designed to hide the reality of the current dysfunctional neoliberal economic system.
Quote:it costs nothing for google to make every employee do a course in critical race theory and change their browser to rainbow and their home page to a black rectangle in support of george flloyd.
And it doesn't change the dysfunctional neoliberal economic system.
Quote:as if the guys at google , living on their mega yachts know anything about george
Like I said "wokeness" comes in handy to assuage one's guilt if you are the biggest beneficiary of the dysfunctional system.
Forum
Pages: 
