I agree with your desire for change, but its obvious that the current way of doing things isn't working. Making government bigger, and thereby hoping they pass more laws in order to help the little guy is only making everything more expensive and enriching both the government and the executives. More regulation will not solve anything. The people who pass the laws are corrupt, so why pass more laws?
Not everyone is corrupt. All laws and regulations are not created equal. What’s the alternative? Lawlessness? No regulation?
if you are arguing that shareholder oversight is not what it should be, I agree. That’s not an argument of the OP, nor relevant to this debate. For if shareholders were more active, CEO pay would be lower but worker pay wouldn’t be higher. Employers will pay for labor at the market wage. The OP video did nothing to demonstrate how regulation is curtailing that. He didn’t site one monopsony (monopoly employer) that is keeping wages down.
So far all the counterpoints are about CEO pay. No one has made an argument for higher worker pay. Isnt that interesting?
The notion that we need to have the government step in and bar person A who's willing to work for a certain wage from person B from making a living is just wrong. It forces the least marketable out of the job market and makes everything worse. There needs to be such a thing as an entry level position unless you want a perpetual voting block of unemployed voters...... Next thing you'll have people going around firing cops in the poor neighborhoods and saying they're doing it because they care about the people in those neighborhoods.
what do you recommend? Your utopia doesn't exist in the real world. Communal living doesn't work at scale... people are different
The free market regulates itself quite well. We just keep getting in the way of it with government spending and endless money printing. We already have enough worker protections and things along these lines to not worry about extreme cases like slavery or employee abuse.
Really? So you go from politicians are corrupt and regulations are not the answer to communal utopia? Did I miss a few steps?