Dot Com
Nullius in verba
No flaming on this thread please. Its a serious discussion.
We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.
OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#
This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?
We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.
OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#
It's official: Germans buy NYSE in $10B deal
Execs take pains to describe controversial Deutsche Börse and New York Stock Exchange combo as “merger of equals.” But facts are facts: The Germans will own 60% of the new entity.
This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?
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