Originally Posted by Malcolm
And how they're treated like rock stars and worshipped like gods. CEOs are basically deities in the pantheon of the capitalist religion.
So true, what is fascinating though is that they seem to think they can keep pushing buttons. Europe is a fascinating situation, and will have serious consequences in China, whose economy is already slowing down as their massive Keynesian intervention(which incidentally is driving a massive real estate bubble in the larger cities) are losing steam as world demand shrinks. Which is not good for China, those workers making those crappy wages are doing it on the promise that this is the road to them having a standard of living like us. If that illusion crumbles in a Chinese recession uh oh..
But as austerity hits Europe you are seeing the utter stupidity of Capitalists, and this system where they are literally setting the seeds for some massive social revolt. Greece is being forced to pay loans that are impossible to pay as government spending drops, wages are cut(up to 50%!) which slows the economy down even more, which means the loans being taken on impossible to pay back... It's a funny situation, one that is a direct result of this irrational system we call Capitalism. I have a funny feeling when people talk about Capitalism, they don't really understand what it actually means, they ave some warped "it's a free market" durr.. When in reality it is much more.
The Cult of the CEO really does feed into all that, because think with me, who gives all these loans to these countries? It's the 1% if you will, and other countries. How silly that this whole situation can lead to such strange outcomes. Surely the irrationality of it all will become more and more apparent to us all in the coming decades.