If only that were true. If you were to do some research into the final
years of Marconi in the UK, you would find that the reality was far from
the picture that you paint. The senior managers made some absolutely
disastrous business decisions, buying up highly overvalued companies,
putting Marconi into debt which it could not service such that
eventually we went bankrupt. During this time the managers were paid
handsomely in bonuses etc, and we are just beginning to realise how much
such highly paid people were able to use clever accounting such that
they paid very little tax (so contributing little to funding the police
etc) , following Leona Helmsley's infamous maxim.
While what you say is true of some companies, it is not true of many.
That is why we do indeed need a new economic system. However, I have
yet to see someone come up with what I believe to be a workable answer.
That's why I am sticking to trying to sort out LENR, and also sorting
out the riddle of conciousness, two far more tractable problems.
Nigel
On 07/10/2012 23:08, Eric Walker wrote:
We must add some context to your account.
While you were working hard, the effects of which were to put in place a
new technology that ended up making thousands of people redundant, there
was a captain of industry who was working harder and more cleverly than
you, directing the show and making sure that you and others of your kind
were on the straight path. Because of the benefit that his brilliance
brought to society in the form of increased productivity, despite all of
the layoffs and the attendant economic stagnation in your area that
followed upon his decisions, he was no doubt compensated manyfold what you
were paid. In the UK, the government no doubt recouped some of the money
that were required for the police force and the fire department and so on,
which were essential to making this endeavor possible. In the US, this
additional dimension of the question is largely elided, and the executive
is understood to have achieved all that has been accomplished by the sweat
of his own brow, thereby richly earning the fruits of this remarkable
redistribution of wealth from the many thousands that were laid off to him
and the shareholders of the company.
Eric
