Author: SMITHI

Has America Become an Oligarchy? [Copy link] 中文

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Post time 2011-10-31 09:31:24 |Display all floors
Wow, nice post.

It is a good question. I'd say the US is not a true Oligarchy, but my cynical side is telling me that the US has always been an Oligarchy...

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Post time 2011-10-31 11:39:33 |Display all floors
Thanks again for the article and here is my two cents....

The trickle down effect was doomed to be a disaster in my opinion

When it rains any good farmer catches as much water as he can. He does not allow it to trickle down.
Then, once he has all the water he can possibly use, he buys others excess at cost and stockpiles it "just incase"

Then he produces his crops, looks around and sees that most of his less aggressive neighbors have dead fields due to their lack of water.
He has monopoly.

The enterprising farmer then sells his crops to consumers at a pumped up price, citing either "lack of water" or blatantly laughing since consumers have no other option.
Seed left over is sold to competitors who vainly hope that next year will be better.
The farmer installs a dam upriver, uses his leverage with the local community to lobby for increased water rights and repeats the process.
He might "help" his fellow farmers by offering to buy a share of their property in exchange for "creative control"
Repeat cycle.

That is the trickle down effect from the point of view of a reasonably well educated peasant.

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Post time 2011-10-31 11:57:43 |Display all floors
Originally posted by vorgal78 at 2011-10-31 11:39
Thanks again for the article and here is my two cents....
The trickle down effect was doomed to be a disaster in my opinion
When it rains any good farmer catches as much water as he can. He d ...
...........................................................


Yes .................

Pure and unadulterated greed ..................   


Which is where a government should step in to level the playing field ........

Not become part of it  ..............        

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Post time 2011-10-31 12:51:54 |Display all floors
hedge fund managers


Groupon is having an IPO this week, by offering 5 % of its shares to the public.


why 5 %?


because by restricting the size, the hedge fund managers can make sure Groupon shares will start the next big internet bubble.  hahahahahahahahah

5 % is a historical low.
more than that, Groupon shares have two classes.
Founder shares that have 150 votes per ordinary share.

There have been no reform on Wall Street because the masters of the universe do not want any reform. hahahahahahahahahahahaha


is this what you call oiligarchy?


no, but Wall Street is certainly the best career for a young man.

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Post time 2011-10-31 14:51:52 |Display all floors
.

Chief executive officers (CEOs) have seen their total pay increase by 43.5% to £3.8 million a year; finance directors on average earn just over £2 million a year – after a 34.1% increase to pay, while more junior directors have seen their total pay increase by 66.5% to £2,260,033.

Boardroom fortunes

Steve Tatton, author of Income Data Services' report, says these figures indicate "a marked improvement in boardroom fortunes" but warns employees will find them hard to take.

"At a time when employees are experiencing real wage cuts and risk losing their livelihoods, without further explanation it may be difficult for FTSE 100 companies to justify the significant increase in earnings awarded to their directors."
In comparison to the large percentage changes for boardroom bosses, average UK total pay has increased by just 2.8% over the last year, according to the Office for National Statistics. And the average working wage in the UK is £25,900.


How to negotiate redundancy
TUC General Secretary Brendan Barber says the difference in pay rises highlights the need for reform: "Boardroom pay rewards are a brazen stitch-up. Reform should start with employee representation on remuneration committees, which would give directors a much-needed sense of reality.

"With the FTSE 100 down on last year and most staff getting pay rises of less than 2% these bumper settlements prove that CEO pay bears no resemblance to performance or economic reality.

"Top directors have used tough business conditions to impose real wage cuts, which have hit people's living standards and the wider economy, but have shown no such restraint with their own pay," Barber adds.
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2011-10-31 15:20:01 |Display all floors
Its a perverted form of Capitalism where a small, elite club can be rewarded handsomely for failure.
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2011-10-31 15:40:17 |Display all floors
Board room pay rises at a time of economic uncertainties.


why not?


the Board room pay rise is to compensate them for a higher risk of being jailed and having their heads on the board.



tough times, more stress.

the Board room needs more pay to compensate them for the higher stress.

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