eyeball Posted January 30, 2009 Report Posted January 30, 2009 (edited) When the economy gets to the point that people start seriously thinking about tucking into the rich they should start with the C-suite and barbecue the bastards with the politicians that fed them. Though the bailout passed last fall imposes some limits on executive compensation, for example prohibiting incentives for taking excessive risks as well as excessive severance packages, it doesn't ban bonuses for simply being too generous.Story Handing out bailout bonuses while people are being thrown into the street really brings it all home doesn't it? Edited January 31, 2009 by Charles Anthony edited title; former title: "This takes the cake. Its enough to make Marie Antoinette blush." Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
Huston Posted January 30, 2009 Report Posted January 30, 2009 When the economy gets to the point that people start seriously thinking about tucking into the rich they should start with the C-suite and barbecue the bastards with the politicians that fed them.Handing out bailout bonuses while people are being thrown into the street really brings it all home doesn't it? Well, the bankers are the aristocrats of today. Another French Revolution coming? Certainly some Americans are calling for an American Revolution. Quote
eyeball Posted January 30, 2009 Author Report Posted January 30, 2009 Another French Revolution coming? I suspect a little civil conflict might be likely over there too alright. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
Huston Posted January 30, 2009 Report Posted January 30, 2009 (edited) I suspect a little civil conflict might be likely over there too alright. Well, in Iceland, Greece, Latvia and Bulgaria have or are rioting/protesting. One of them (Latvia or Bulgaria.. or maybe another one in Eastern Europe) burned down the treasury.. or attempted to. I'll try to find that.= Can't find anything on it. But Bulgaria did have agent provocateurs. Man, people must alway be ready to stop these agent provocateurs. A SPP protest in Quebec had some, but peacefully they were stopped. Edited January 30, 2009 by Huston Quote
ToadBrother Posted January 30, 2009 Report Posted January 30, 2009 Well, the bankers are the aristocrats of today. Another French Revolution coming? Certainly some Americans are calling for an American Revolution. Whenever I hear this sort of thing, I think of Won't Get Fooled Again... "Meet the new boss, same as the old boss." Quote
Huston Posted January 30, 2009 Report Posted January 30, 2009 Whenever I hear this sort of thing, I think of Won't Get Fooled Again..."Meet the new boss, same as the old boss." Yes, because the problem is statism. Then it was nationalism.. what would it be today. Quote
August1991 Posted January 31, 2009 Report Posted January 31, 2009 Handing out bailout bonuses while people are being thrown into the street really brings it all home doesn't it?Eyeball, you seem to have the mentality of someone who would provoke a world war because some event offended one of your principles.I'm not defending these Wall Street Masters of the Universe or their DABA but as Bush Jnr said in his final press conference, what do you do when serious people are sitting in the Oval Office and explaining that if nothing is done, teh US faces a depression as severe as the 1930s. (BTW, I think DABA is a good prank. The Bush Jnr comment is accurate.) Quote
eyeball Posted January 31, 2009 Author Report Posted January 31, 2009 what do you do when serious people are sitting in the Oval Office and explaining that if nothing is done, teh US faces a depression as severe as the 1930s. Oh I don't know, I'd probably do something silly like stop banks from throwing people into the street at the same time you're bailing them out with those same people's money. Seriously though the cure for their depression sounds more like extortion coming from the gang that usually sits around the Oval Orfice. Speaking of corruption, this economic meltdown seems less like a meltdown and more like a limnic eruption - an event where a huge bubble of noxious deadly gas suddenly erupts from the bottom of a lake and settles over the land and kills anything that can't escape it. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
cybercoma Posted January 31, 2009 Report Posted January 31, 2009 (edited) Home Depot recently released 7000 employees because of the economic woes in the US. The company stands to make $1.73 Billion in profits this year, after a 23.8% drop. If those profits--not revenue mind you--were to be divided among the 331,000 employees that Home Depot has, each employee would take home a cheque for approximately $5225. What would someone making retail wages do with an additional $5000 this year? The average Home Depot employee makes $10/hr. The compensation of Frank Blake, CEO, for 2007, was $8.3 million dollars. There is only a limited amount of wealth. Is it ethical for corporations to make it their goal to accumulate as much of it as possible, while others are suffering to make ends-meet? Colonialism accumulated wealth for the colonizers by enslaving populations and draining them of their resources and labour. How can we say we have moved passed that when colonialism still exists? Instead of populations being colonized by nation-states, they are being colonized by corporations bent on nothing more than amassing wealth. How is it at all ethical for these CEOs to be making millions of dollars--well more than any individual requires to live a comfortable life--while their employees are struggling and living in squalor? Something needs to happen sooner rather than later and it may be this economic crisis that shakes us out of our sleep. Edited January 31, 2009 by cybercoma Quote
bush_cheney2004 Posted January 31, 2009 Report Posted January 31, 2009 There is only a limited amount of wealth. Really? Then why is there more today than 100 years ago? Is it ethical for corporations to make it their goal to accumulate as much of it as possible, while others are suffering to make ends-meet? Yes...because the alternative is no "Wal-Marts" at all. Stockholders do noy invest their money for charity. Colonialism accumulated wealth for the colonizers by enslaving populations and draining them of their resources and labour. How can we say we have moved passed that when colonialism still exists? Because "colonialism" is not defined that way. Instead of populations being colonized by nation-states, they are being colonized by corporations bent on nothing more than amassing wealth. See...you knew that already. How is it at all ethical for these CEOs to be making millions of dollars--well more than any individual requires to live a comfortable life--while their employees are struggling and living in squalor? They are not living in "squalor", lest they be accused of the very same sins when compared to non "Wal-Mart" employees in SubSaharan Africa. Compensation is a relative thing...just ask media or sports celebrities. Something needs to happen sooner rather than later and it may be this economic crisis that shakes us out of our sleep. It already has changed....the lavish executive perks of the past are largely gone...including sexual harrassment. Quote Economics trumps Virtue.
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