Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (583906)	9/1/2010 6:15:44 PM
From: longnshort	2 Recommendations Read Replies (1) \| Respond to of 1572561

Discovery gun man said Gore's inconvenient truth inspired him. should gore be jailed for spreading hate

To: bentway who wrote (583906)	9/5/2010 1:26:27 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1572561

An area where "market forces" cause corporations to act NOT in the public good. CEO's of such corporations SHOULD NOT be the highest compensated. 1 - False. They aren't being compensated by the public, but by their employer. They get compensated by their employer based on what benefit the employer thinks they will provide, and by the supply and demand for people who are believed to have the talents and experience to be solid or better CEOs. The benefit to the public has nothing to do with it and properly should have nothing to do with it. 2 - Many of the actions you complain about are likely to be beneficial to the public as a whole, at least past the short run. Higher efficiency, producing more with less, leads to higher private profits, but also to increasing the wealth of the nation and the world. Higher productivity is the only way to have continued long term improvement in per-capita income. Free market capitalism isn't the highest evolution of humanity. Resources are going to be controlled by someone. Either you leave people largely free to use their resources themselves (subject to rules about safety, and general protections against force or fraud), or you largely have them politically controlled which means that politicians and/or bureaucrats get to control the economy. The later has been and likely always will be generally suboptimal. Yes you can, and we do, balance the two, but there is no true third way, just varying amounts of each method of control. Expanding political control further is likely to be a bad idea for the foreseeable future.