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gruffydd

Nef Triple Crunch Blog - A Salary Cap For Everyone...

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http://neftriplecrunch.wordpress.com/2009/...p-for-everyone/

Whether it is bankers, doctors or dentists pulling in excessive pay, people are left wanting to spit at their greed. But John Varley, Barclays chief executive, reacted in horror this week to the suggestion of a Radio 4 interviewer that some parameters should be put around pay and bonuses awarded to bank staff. It would “interfere with the marketâ€. This, it should now be clear, was a deeply strange thing to say.

Extraordinary powers of compartmentalisation may be a key skill for any banking chief. Yet this breathtaking adherence to doctrine in the face of real-world evidence is worthy of the officers of 1916 who ordered soldiers to slow walk against machine guns.

Had the banking market not been interfered with, to the tune of hundreds of billions in public largesse, it would not have survived in its current form. Something for which Varley, if not the rest of us, should be deeply grateful, and for which there must be a serious quid pro quo. And why should the market not be interfered with when it doesn’t think twice about interfering with life, the universe and everything else?

...The defence of high pay is that it is needed to attract and motivate senior executives, and give mid-level executives something to aspire to. Yet, as with so many facets of the failed neoliberal economic model, it is a triumph of self-serving assertion over reality.

Edited by gruffydd

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http://neftriplecrunch.wordpress.com/2009/...p-for-everyone/

Extraordinary powers of compartmentalisation may be a key skill for any banking chief. Yet this breathtaking adherence to doctrine in the face of real-world evidence is worthy of the officers of 1916 who ordered soldiers to slow walk against machine guns.

I was think more of Nazis who massacred Jews and Homoexuals whilst having Jews and Homosexuals amongst their number

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This was quite heavily quoted (or just edited down, can't remember which) in today's guardian as I recall.

It's a lot better in the original IMO.

edit - bad memory - it's the same piece here

Edited by scuuzeme

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http://neftriplecrunch.wordpress.com/2009/...p-for-everyone/

Whether it is bankers, doctors or dentists pulling in excessive pay, people are left wanting to spit at their greed. But John Varley, Barclays chief executive, reacted in horror this week to the suggestion of a Radio 4 interviewer that some parameters should be put around pay and bonuses awarded to bank staff. It would “interfere with the marketâ€. This, it should now be clear, was a deeply strange thing to say.

Extraordinary powers of compartmentalisation may be a key skill for any banking chief. Yet this breathtaking adherence to doctrine in the face of real-world evidence is worthy of the officers of 1916 who ordered soldiers to slow walk against machine guns.

Had the banking market not been interfered with, to the tune of hundreds of billions in public largesse, it would not have survived in its current form. Something for which Varley, if not the rest of us, should be deeply grateful, and for which there must be a serious quid pro quo. And why should the market not be interfered with when it doesn’t think twice about interfering with life, the universe and everything else?

...The defence of high pay is that it is needed to attract and motivate senior executives, and give mid-level executives something to aspire to. Yet, as with so many facets of the failed neoliberal economic model, it is a triumph of self-serving assertion over reality.

Yep

Classic example > USA Medical treatment of any sort.

Multi-millionaire 'Doctors' 'Surgeons' etc

"Show us the (ever increasing $$$$$) wad FIRST!"

oops sorry, you bled to death too quick.

As America continues to move from a manufacturing-based economy to a service economy, and employee working patterns continue to evolve, health insurance coverage has become less stable.

The service sector offers less access to health insurance than its manufacturing counterparts. Further, an increasing reliance on part-time and contract workers who are not eligible for coverage means fewer workers have access to employer-sponsored health insurance!

Due to constant rising health insurance premiums, many small employers cannot afford to offer health benefits. Companies that do offer health insurance, often require employees to contribute a larger share toward their coverage.

As a result, an increasing number of Americans have opted not to take advantage of job-based health insurance because they simply cannot afford it.

Nearly 90 million people – about one-third of the population below the age of 65 spent a portion of either 2006 or 2007 without health coverage

In 2007, 37 million workers were uninsured because not all businesses offer health benefits, not all workers qualify for coverage and many employees cannot afford their share of the health insurance premium even when coverage is at their fingertips.

"RISING PREMIUMS"? in a financial meltdown/recession? with zillions of laid-off medical staff at hand to work for less wages?

Remember - these last statistics were taken right at the peak of USA bubble - what's it like now with millions more laid off full time work?

You can see a BEAST of an industry laid bare/at work here - farming humans for their dosh!

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look, we need to eat more and more fish otherwise we wont be able to motivate the fisherman.....whats that? no more fish? work harder you lazy fisherman, IM HUNGRY.

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look, we need to eat more and more fish otherwise we wont be able to motivate the fisherman.....whats that? no more fish? work harder you lazy fisherman, IM HUNGRY.

Pay rises and bonuses for the rich are incentives, essential in a market economy. For the low paid they are inflationary and deter enterprise. Fancy that.

Edited by HostPaul TAFKA Rover2000

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Yep

Classic example > USA Medical treatment of any sort.

Multi-millionaire 'Doctors' 'Surgeons' etc

"Show us the (ever increasing $$$$$) wad FIRST!"oops sorry, you bled to death too quick.

"RISING PREMIUMS"? in a financial meltdown/recession? with zillions of laid-off medical staff at hand to work for less wages?

Remember - these last statistics were taken right at the peak of USA bubble - what's it like now with millions more laid off full time work?

You can see a BEAST of an industry laid bare/at work here - farming humans for their dosh!

healthcare in the USA sure is a beast - and a hungry one. The US based medical profession should be ashamed for the part they play in that system.

Edited by gruffydd

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