Sometimes it takes a simpleton to point out the truly grandiose by asking basic questions. Share more of your wisdom, don’t hide it under the bushel. 😉

Insulting the person asking you a question does not a good rejoinder make.

How is it that the question “Who is allowed to make how much, and how much it too much in the world of Bunge?” makes the questioner a “simpleton” in terms of his/her understanding of economics? I haven’t seen any brilliant and complex economic expositions by anyone on this thread.

But if you want to peruse the literature on the issue of what was meant by letting the market decide, I refer you to this, this, this, this, and this. There are plenty more.

It’s hard to know how to respond to someone with such a simpleton’s understanding of economics. The suggestion that the laws and regulations which exist today, such as the ones which govern and guide how CEOs are paid, are perfect and the only such laws and regulations that possibly can exist is flatly stupid.

Mike

Yeah, true. There was all kinds of whining when a newly appointed member of the University of Texas Board of Regents started publicizing whose kid was getting greased in, and who was getting big fat forgivable loans. They tried to cancel the guy, but he was so stubbornly honest they failed.

That’s why we usually let the market decide.”

In what way does “the market” decide the pay packages of CEOs? Here’s a link…

http://www.verisi.com/resources/us-ceo-compensation.htm

…which says the average U.S. CEO in 1980 made 44 times as much as the average worker. By 2005, the average U.S. CEO was making 411 times as much as the average worker. Was the average U.S. CEO in 2005 over nine times smarter than his 1980 counterpart? Over nine times more talented? Did he work over nine times harder? Were 2005 profits over 900% higher than in 1980?

In a free society, there is going to be plenty of inequality because ability and luck are never equally distributed. But that doesn’t mean we have to blind ourselves when “the market” is obviously being rigged to benefit some over others.

Mike

LOL. You didn’t understand Neo’s point? Do we have to draw you a picture with crayons? You will fit right in with the woke outrage police using your argument.

Who is allowed to make how much, and how much it too much in the world of Bunge?

I tip my hat to you Mr. Karen.

And om channels the obliviousness that empowers people like Bernie Sanders and AOC.

Mike

There also exist some very good Soviet-era films, such as by Andrei Tarkovsky, and fiction, such as by Yuri Trifonov. …”

I don’t know whether there were any good Soviet era movies or not. I suspect from a couple of clips I have seen, that there were some … those which somehow, as others have mentioned, dealt with more or less non-political topics.

The couple of Soviet era Sci-Fi’s I’ve seen were terrible. And the new Russian historical dramas look like they are made by the same Chinese directors who make all of their unwatchable acrobatic slo-mo-violence patriotic features.

But when it comes to this one film, Dragen’s Fang (1985) aka 10 other names I won’t list, I will give this Norse /late Soviet Russian production 100% credit for avoiding the ridiculous wigs, the obviously misfit casting of producer’s buddies, and overall histrionics of most “Viking” movies.

Frankly, it’s probably too non violent and too Idyllic; but I got a kick just out of watching the boats and the authentic looking locales. It all takes place in the Baltic region and in villages so that made it somewhat easier to film, I suppose. The plot as near as I can figure concerns a Russian speaking Novgorodian Scanno Slav, who is taken prisoner by a largely good natured Scandinavian raider.

The Norwegian language version is has gone missing from YouTube. So if you want to watch a few minutes you will have to grit your teeth and listen to some Russian guy repeating the Norse dialog in Russian.

The scenery is nice … https://ok.ru/video/245138655989?fromTime=1437

50,000 times? The math doesn’t seem correct there in terms of Garrells, who is certainly no billionaire.

But the larger picture is: who gets to decide what’s enough, and what’s too much? Dangerous stuff.

That’s why we usually let the market decide.