Executive pay has gone from a measly 50 x the average to 200 x. And this is because everyone is 4 x better off. If pay were capped to the previously dangerously Maoist 50 x, then everyone wouldn't be such a 4 x better off like they weren't before, as there is no connection. If encouraged to 400 x then we would be twice 4 x better off, and this is how progress is made towards a continuous virtuous circle. The more money hoovered up and hoarded, the more there is left to make the more money of the future, as Keynes could have said quicker if he'd spent less time feasting with panthers.
Executiving is a very difficult job, and we have some of the best executiving decisionists in the world, many times better than Norwegian ones, but not quite as many times better yet as American ones. Who cannot think of an American executivonist of the moment we would not be even more times better off with like they are in Detroit.
The UK's Premier League of executivonist special ones has seen our collective world cupitude increase from 1 to 0, and shows no sign of this trend dimproving in the new global competition. Life is unfair, and there should be some compensation for having Gareth Bale's face, but what is often forgotten is that the wealth created by the relative positioning of spheres, trickles down to prostitutes who resemble Wayne Rooney's grandmother, and goes on to fund a whole further supply chain of sundry industries that has helped make Manchester what it is today.
In the modern world, globalisation has meant that the earth now goes all the way around, and if we don't want foreign investment such as Mr Green's minus £1/2 billion, he informs us that we only have to say so. But the danger is that such luminaries might leave, and take their geography with them, likewise the world's largest foreign investor, the Sun.
Nothing is for free, least of all the Sun, moon and earth. Work - movement - external and internal, must be paid for. The tide won't turn by itself. Those who would tax the very tide, in Swansea or Cardiff say, by fantasy miracles of rare device, forget their position in the league, and the many times better results achieved by Cnuts everywhere. Sometimes there just isn't enough sea to go around, and we are all left in the doldrums.
In the free world, water always finds its level. 10 x higher are found the 10 x higher humans, with their 1 second 100 metres, and 1000 IQ s, and so on, all the way up the pyramid of wealth. Those who took the trouble to evolve their ancestors, have an inalienable right to the product of their brains, especially after they are dead. Thus the abstract capitalism has solved both production and distribution, and removed countless millions from the idiocy of leisure, with only the minimum of ghastly waste and horror, just as reflected in it's real-world mirror, evolution.
In a classless meritocracy such as Britain, the distribution has been solved thus:-
- which is the most stable and productive distribution imaginable, and the only alternative to communist dictatorship. It is in fact inevitable, possibly even divine, and countries with different shapes and better outcomes, don't exist other than in reality, which can't be looked up on the internet. Any incremental shape-shifting towards better - the phoenix without the ashes - is impossible, since the current arrangement was supernaturally achieved without human interference. The puny laws of man are written on paper, thus permanent, and can't be rubbed out or written over in crayon without the express permission of fairies, thus the only choice is status quo or revolution, and certainly not any kind of macroeconomic guaranteed instant win fruit machine lever, such as a wealth tax, which could never be made permanent, at any angle of lever, or varied to regulate constant aggregate demand. Over any area of geography. Repeatedly post-hoc on the net without prescience. Apart from the whole world which must first pay off its many trillions of debt to invisible interplanetary lenders.
The area added to the inverted pyramid of piffle, globally, has quintrupled in the time population has doubled, making Malthus look a bit of a cock, like all such high priests recycling inherited scriptures of self-sacrifice. This is because everyone is now working 2 ½ days a day, scything away like a 150 minutes an hour Poldark, and nothing to do with the invention of combines. Indeed technology has never done any good at all, and no creation will ever out-perform its creator, as Fred Flintstone declared on the invention of the wheel. Such perversions are unnatural, and only encourage the unelected autocratic Strongman behind physics and war.
If geometric really were faster than arithmetic, then virtuous circles of green investment would yield a disastrous crash in the price of the fundamental economic fuel, making everything higher up the chain disastrously cheaper as well, and spoiling the race for nuclear, which the Sun already won without even the decency of trying. Endeavour would be reduced to competition between who could wear the silliest clothes, make up the silliest stories, and chant the most ridiculous things in the stupidest postures, and suchlike, just to pass the time, and this could never be popular with the religious, or other pantomime actors. This is clearly not what God wants us to do. Oh no it isn't -
The poor have always been with us, they're not something new like homosexuals, and you can't make them richer merely by giving them more money. In fact this is the worst thing to do - like feeding a horse - it only makes them less effective. A stable of fed and trained horses is something too horrific for any ethical vet to contemplate, and only makes for a slower average speed. Leaders wondering about Grand National Product, need only notice that starved, lame and unstabled horses - austerity horses - are the fastest, and the best people to be in charge are always the biggest horseshitters in history.
As there is more money than there ever was, and ever is, and ever and ever amen etc, - wars and meteors aside - it seems silly to make even yet more, quicker, by the daunting and arduous expedient of slightly squashing the pyramid. This would only even be possible if maths existed, and who's to say it does for sure. Although a 3 year old with building blocks would find it trivial, when fully rendered through an economical supercomputer, it looks a lot harder, and this is worth paying a fortune for, especially if it was wrong the last time. But it is undeniable that an unfortunate side-effect would be that society would also become better, by all intersubjective consensus definitions of the word, by all objective social and moral measures imaginable.
A long time ago, in the cradle of civilisation, a pitiful slavedom of simple and bewildered infantilised peasantry were kept in check by the predictions and proclamations of fraudulent priests and pharaohs. But nothing evolves faster than humans, and the scales of justice soon tipped the balance in favour of the far more numerous Librans everywhere. As a rational animal, the best economic models depend on this inevitable expression of rational self-interest, reflected in the collapse and destruction of every civilisation in history so far.
The law of non-contradiction is famously both right and wrong, depending on what level you look at, until a circular truism is noticed at the bottom. Binary propositions in search of such varying truth yield the most productive arguments, and may keep the group-selectionists going for a while, while we wait for someone to point out that all maths is extending tautologies of x=x, as they do every century. The differing schools of thought that make up philosophy, show that they've really done very well indeed, apart from in understanding the paper they've written on, which folding up and moving, is unlikely to affect any thought equations. The lack of a causal nexus may be deduced from a series of if...then statements held in Time, which humans are ideally wired to appreciate, and thus the Sun may not rise because deduced was not spelled caused. If 1 = one then maths could be written in words, or even French, and things would be clearer, but such wish-thinking is pointless, and the silliest way to proceed.
The cleverest economists have beards, apart from when they don't, and very intricate sums are required to show that 12 year olds should work 15 hrs a day to fund genetically unfortunate imbeciles in palaces. If only the Pope knew this. Engels, and his detractors, so understood balance of trade, that they both managed to get it wrong, swapsies being equal, rip-offs being rip-offs, and time-variable prices making time-variable sums. The balance of trade shows the volume, if you add both sides, and the quest for autonomy and self-sufficiency remains fundamentally impossible, although the earth managed it billions of years ago, without thinking at all.
As Karl spent an awfully tedious while explaining, it is difficult to own property if someone else does, but that shouldn't stop one trying. The best arrangement is to have house prices rising for people who own houses, and house prices falling for people who don't. To make a commodity price rise and fall simultaneously, in the same market, is one of the most notable successes of modern economics. Although transparently ridiculous to a retarded termite, after suitably strenuous education, the emergence of bat-caped academagicians has heralded the revelation that the price of a finite resource will tend towards infinite, and the best thing to do is to pay as much as possible for land that is already there, just in case it otherwise disappears. Sacrificing children to the Sun is something completely different, from a more primitive and embarrassing time.
On planets transitioning to abiological labour - every job a cog in the machine - efficiency = redundancy, in cycles, until they find other things to do, the possibilities of movement being infinite. Transcending such physics is surely one of humanity's greatest achievements to date. Non-physical humans can't be pulled around willy-nilly by invisible forces like so many iron filings. The good news is that this means they can never be forced into destructive behaviour contradictory to their own interests, like war or environmental catastrophe. A sterile planet would end all suffering, but unfortunately, this most final solution of all is unlikely without reality, and the same non-existent forces that, if not so tragically obviously absent, could just as easily arrange the filings constructively, in symbiotic alignment, across the face of the earth, as surely as the sunrise.
REJ:- Yes that twister diagram is perfect, wealth% in 10% popn blocks. The Wizard of Oz hides behind the curtain of numbers, and humans are wired for yellow brick geometry.