Thank you GMB, Just looked up the definition of socialism.
1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
2. (in Marxist theory) a transitional social state between the overthrow of capitalism a…
Thank you GMB, Just looked up the definition of socialism.
1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
2. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.
Senator Bernie Sanders said if you had a Social Security Card you were a card carrying socialist. Enjoyed that line.
I do think one of the things wrong with our economic system is the employees are not stakeholders and do not get the benefits of stakeholders for their contribution to the profit of the enterprise. That's why wages have not increased with the economy in general. We have an oligarchic kleptocracy now.
The pay inequality between CEOs and workers in the United States is probably the highest in the world. It needs to be regulated by the government which even to me sounds extreme, but given the trend line for more than 40 years there doesn't seem to be any other option. It still wouldn't be socialism, just a way to prevent our current slide to oligarchy. And yes Bernie Sanders is funny but just reinforces the misperception.
Yes, when I was sitting in meetings with the senior managers I would calculate how much the meeting was costing based on their salaries. Of course, if they are making million/billion dollar decisions perhaps the salaries were worth it. I remember a story (not at my company) about senior executives hiring the prettiest secretaries not always competent. The company made a rule that the executive assistants had to have a salary no less than 50% of the executives. Sure worked. the executive assistants were highly competent! It is also good if the decisions are being made on human terms. I remember this hitting home when having to come up with how many of the product we were developing would be manufactured over its life. For me, I realized i was making a decision that could close a manufacturing plant or open a new one and the impact it would have on 800 or more families. I had some sleepless nights over that.
What is the difference between stakeholder and stockholder? Seems my dad was a stockholder at Dow from the get go, employees encouraged to buy stock with a good discount.
Thank you GMB, Just looked up the definition of socialism.
1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
2. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.
Senator Bernie Sanders said if you had a Social Security Card you were a card carrying socialist. Enjoyed that line.
I do think one of the things wrong with our economic system is the employees are not stakeholders and do not get the benefits of stakeholders for their contribution to the profit of the enterprise. That's why wages have not increased with the economy in general. We have an oligarchic kleptocracy now.
I believe the Nordic model is what contributes to the very high ranking of well being in the Scandinavian countries.
The pay inequality between CEOs and workers in the United States is probably the highest in the world. It needs to be regulated by the government which even to me sounds extreme, but given the trend line for more than 40 years there doesn't seem to be any other option. It still wouldn't be socialism, just a way to prevent our current slide to oligarchy. And yes Bernie Sanders is funny but just reinforces the misperception.
Yes, when I was sitting in meetings with the senior managers I would calculate how much the meeting was costing based on their salaries. Of course, if they are making million/billion dollar decisions perhaps the salaries were worth it. I remember a story (not at my company) about senior executives hiring the prettiest secretaries not always competent. The company made a rule that the executive assistants had to have a salary no less than 50% of the executives. Sure worked. the executive assistants were highly competent! It is also good if the decisions are being made on human terms. I remember this hitting home when having to come up with how many of the product we were developing would be manufactured over its life. For me, I realized i was making a decision that could close a manufacturing plant or open a new one and the impact it would have on 800 or more families. I had some sleepless nights over that.
What is the difference between stakeholder and stockholder? Seems my dad was a stockholder at Dow from the get go, employees encouraged to buy stock with a good discount.