The less it's regulated, the more it opens the road to planned economy or tightly managed socialism.
I'm glad I live in Europe. At least I can just retreat from this system with welfare and still eat and have a roof.
Every time alternatives to capitalism are brought up, every time people come and say Stalin was worst than Hitler. It's impossible to discuss change or alternatives.
You are saying like it's any different in Europe.
Dassault Systèmes CEO Bernard Charlès makes €20.6m with company revenue of $6.05 billion.
For reference, Google CEO made $226 million (~10x) with company revenue of $279.8 billions (~46x).
The problem is not capitalism. The problem is perverse incentives of Wall Street.
Why did these CEOs get huge pay bumps? They improved their primary product: shares of the company. So many of these publicly traded companies don't have the product or service they claim to sell as their highest-priority market. Instead it is the stock market that has become their primary concern which incentivizes short term "value" extraction over everything else, including viability of the company's goods sold in consumer markets.
I don't know how we put the genie back in the bottle. Perhaps taxing capital gains from securities as income?
Were these companies private, they wouldn't have hired to trend, and fired to trend. They would have ensured their focus on their actual product, and their ability to continue to compete and deliver it.
I don't know why Apple seems able to do this. Perhaps they've just hit escape velocity.
The problem is companies have become too large and command too much political influence. We need proactive laws that break up companies if they grow beyond a certain size criteria. Ideally, the criteria would be aggressive enough to kill the corporation leaving behind mostly small businesses with a low barrier of entry for new competitors.
Increased competition would mean lower prices, more product variety, more opportunities for employees to find quality employers or become small business owners themselves, and the elimination of Big Corp's big money political influence.
Companies are their "best" when small and nimble so why not force them to remain that way? If this came to pass there might be less need for socialism.
The less it's regulated, the more it opens the road to planned economy or tightly managed socialism.
I'm glad I live in Europe. At least I can just retreat from this system with welfare and still eat and have a roof.
Every time alternatives to capitalism are brought up, every time people come and say Stalin was worst than Hitler. It's impossible to discuss change or alternatives.