Comments on: The Economist Defends CEO Compensation, Part 2 http://www.nakedcapitalism.com/2007/01/economist-defends-ceo-compensation-part.html Sun, 22 Nov 2009 19:08:53 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: DKS http://www.nakedcapitalism.com/2007/01/economist-defends-ceo-compensation-part.html#comment-2 DKS Mon, 22 Jan 2007 02:52:00 +0000 http://www.nakedcapitalism.com/2007/01/the-economist-defends-ceo-compensation-part-2/#comment-2 With regard to The Economist on executive pay and income inequality, a very good job of debunking their bunk. And it is bunk. The folks at The Economists are apologists for the orthodoxy than reigns over the planet -- and an orthodoxy that every day it remains in power threatens the safety, sanity and sustainability of all of us. As you point out, the writers at The Economist are intellectually sloppy and dishonest. In addition, they are rhetorically sophomoric. Read their articles and you will routinely see that they love to use fear and loathing as a rhetorical device to dismiss opposition to their own revealed truths of free markets, unrestrained capitalism, shareholder value fundamentalism, individual opportunity and self-satisfied defense of the status quo.<br /><br />Put differently, they are nothing but snarky undergraduates who have never figured out how to use their knowledge for the betterment of human kind as opposed to themselves. Our planet faces new and different challenges than ever before in history. These folks prefer to continue fighting Marxism. With regard to The Economist on executive pay and income inequality, a very good job of debunking their bunk. And it is bunk. The folks at The Economists are apologists for the orthodoxy than reigns over the planet — and an orthodoxy that every day it remains in power threatens the safety, sanity and sustainability of all of us. As you point out, the writers at The Economist are intellectually sloppy and dishonest. In addition, they are rhetorically sophomoric. Read their articles and you will routinely see that they love to use fear and loathing as a rhetorical device to dismiss opposition to their own revealed truths of free markets, unrestrained capitalism, shareholder value fundamentalism, individual opportunity and self-satisfied defense of the status quo.

Put differently, they are nothing but snarky undergraduates who have never figured out how to use their knowledge for the betterment of human kind as opposed to themselves. Our planet faces new and different challenges than ever before in history. These folks prefer to continue fighting Marxism.

]]>