Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It's interesting because it's a universal problem for capitalism. Very often there are workers, on a standard salary, who hold the future of a large portfolio which is many hundreds of times beyond their salary, in their hands.

In these cases, it becomes very apparent that our system is profoundly iniquitous, as the bosses are rewarded for the work of the line workers. It's not a popular view, but my opinion but such conditions breed a certain kind of crime amongst the workers, because it violates human notions of fairness and decency.

by Metatone (metatone [a|t] gmail (dot) com) on Sat Jan 26th, 2008 at 05:21:44 PM EST
[ Parent ]
many hundreds of times beyond their salary

The estimates on the positions I saw are 50 billion euros. That was five hundred thousand times his salary... (And as a computer programmer, it is demoralising to see those figures passing arounds. Thankfully sometimes one realizes the currency is roubles or yen where eleven figures numbers aren't that huge amounts)

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Sat Jan 26th, 2008 at 05:29:33 PM EST
[ Parent ]
Oh indeed, in this case the figures are truly frightening. I was speaking to the generalised case where things are not so horrifically obviously iniquitous.
by Metatone (metatone [a|t] gmail (dot) com) on Sat Jan 26th, 2008 at 05:31:00 PM EST
[ Parent ]


Top Diaries

Occasional Series