3 ms·
It's mostly not a problem of ethics. That 1000000x is what you get from allowing corporations of unlimited size. Each level of management will earn what the lo
by burfog 9y ago
It's mostly not a problem of ethics.
That 1000000x is what you get from allowing corporations of unlimited size. Each level of management will earn what the lower level earns times some factor... making it exponential as you climb the corporate ladder.
Huge corporation size also means you get corporations blackmailing congress to get bailouts. The typical huge corporation is also able to engage in monopoly/monopsony behavior.
To make things extra awful, the largest corporations are the ones that are most difficult to split up. They have political power. Enforcing our anti-monopoly laws mostly doesn't happen.
Possible fix: the larger the company, the higher the tax rate, causing companies to want to split themselves.
- humanrebar 9y agoI'll also chime in that employment regulations, labor taxes, and bureaucratic complexity in general benefit larger companies on average and hurt smaller ones. I think a great proposal is to make it easier to disrupt big corporations. But that's not generally the tone people have when discussing these issues.