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Against Monopoly

defending the right to innovate

Monopoly corrupts. Absolute monopoly corrupts absolutely.





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Comments

A couple of days ago, I was home at lunch and saw CNBC. It was quite distressing, one person calling executive pay a disgrace being dumped on by five(???) people saying how pay controls would be destructive to the economy. What a joke, my heart goes out to that lone voice.

What was also very nauseating about the CNBC "discussion" was overlooking the issue of responsibility. That is the responsibility of these executives to reduce their own compensation. All you here is "regulation bad" over and over again, but what the freedom to accept responsibility for your screw-ups and cut your pay?

This gets to the point that maximizing self-interest (even if it destroys the economy) is even more important in our society than being a responsible citizen.

Ah. But since when is destroying the economy maximizing self-interest?
" my goal in life is to survive everything else is just bonus"...lol

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