Why are these people handsomely rewarded for failure?

Question

I hope some of you supporters of capitalism can answer the following:
I have compiled a list of those in our society who are handsomely rewarded for failure.
Cabinet Ministers and some MPs
Senior figures in the finance industry
CEOs and directors in big business
The rest of us, because of their failures have to face job insecurity, attacks on our pay, terms and conditions, higher prices, increased taxation, cuts to public services, and dwindling pension funds.
How can you justify or support that?

Answer 1

As one of those moguls of big business perhaps you should be informed as to why we are rewarded for failure. When we are developing at Eton or Harrow we are informed about life as we should know it, and as such, we are given S.A.K.'s or Specially Acquired Knowledge to enable us to fulfil our destiny. Here are but a few of the thousands imparted upon us.

SKA 1) We can readily identify all SA K's and comply with them regardless of their complexity.

SKA 2) We can readily identify a scapegoat and pursue the wretch till he admits it was his fault.

SKA 3) We can, without conscience, employ an accountant to ensure that we do not pay taxes.

SKA 4) We can, at the drop of a hat, transfer our holdings to an off shore account.

SKA 5) We can, without conscience, condemn justifiable pay increases of the workers whilst at the same time reward ourselves with fat, tax free bonuses.

SKA 6) When attending a £500 a head dinner at a conference (tax deductible), stub out ones Siglo VI Cuban cigar in the untouched fillet steak.

SAK 7 ) Readily blame the current down trend of business, squarely at the door of the workers excessive pay demands.

SAK 8 ) At a moments notice, ensure that all holdings are in the wife's name, thus ensuring that if bankruptcy threatens, we can justifiably announce " I have nothing " thus ensuring that the small businessman loses everything.

I hope these small facts help you understand our predicament, after all, we have a lifestyle to maintain, but you do not.

Answer 2

For once I agree with you , as a right wing Nationalist I'm no lover of corporate capitalism and the fat cats sicken me as much as they do you . However lets not be naive , what ever the rights or wrongs of it , it is a functioning economy that keeps food in the bellies of most of the people in this vastly over populated country/planet . The companies want those fat cats so much that they allow them to negotiate their own leaving package .



So the real question is , is there a system that can replace the current one without causing massive economic hard ship to the majority of the population ? The answer is on a national level yes , on a global level no , well unless you're prepared to reduce the population by at least 50% within the first 5 years .



It's one of the many things Socialist never take into account when they construct their utopian fantasies .

Answer 3

Capitalism in the whole only rewards success. In the Public Servants case this doesn't apply as the they are looking after each other. Bosses of big Corporations are judged wholly on Profit & Loss. The only place it fails big time is in the Banking / Pension / Investment Industry, no matter what bad advice these clowns give us they still get their commissions. Even when your money disappears to a fraction they aren't penalised.

Answer 4

It cannot be justified as capitalism because it is not.

In capitalism, those folks would have been on the unemployment line also.

That is why those of us that are against a larger more invasive government are against it.

That never should have happened-the government should not have stepped in.

They should have let them fail, by letting the capitalistic system work, thereby, in essence protecting the rest of us. It would have been worse for a little while but the economy would have recovered and been stronger. Because of government interference we now have an anemic economy, more taxes, less freedoms and those bozo's are still living high on the hog.

Answer 5

At one time in the western democracies, there was a general attitude of fairness in business. It was an unwritten code of morality and those who violated were exposed, humiliated and shunned. Now, business is as predatory as possible. Industries have adopted the credo, “Greed is good.” Banks, credit cards, mortgage companies, insurance companies, for-profit hospitals, all try to get every nickel they can from the people who are least able to protect themselves. It's as though all of American Business has been re-trained by a sleazy, fast-talking used car salesman. Never give a sucker an even break. It's unrestrained greed and it's as ugly as sin.

Answer 6

Hey buddy, did you see how Wall Street executives got 10 million dollar bonuses with tax dollars after destroying their banks?



Thats how America rolls.

Answer 7

Not in my name and I am spoiling my vote in protest IF everyone did this it would throw them all into a panic its like sacking them I suppose.

Answer 8

I blame Rupert Murdoch - he's the one who tells the people what to think

Answer 9

Capitalism only rewards success

What you're thinking of is call cronyism or corporatism

Answer 10

All i know is it's capitalist countries who fund the world's charities

Answer 11

but none of us ever do anything about it and so they keep getting away with what amounts to corruption

Answer 12

because we keep voting in these numpty's

Answer 13

unfariness