Here’s an example of how American Capitalism has been distorted: compensation for Chief Executive Officers of public companies. If you go back a few decades, the average corporate CEO made about 20 times what his or her workers made. By 2010, the average CEO made 200 times what the average worker made, an increase of 1,000%. The average CEO went from being paid hundreds of thousand dollars a year to being paid tens of millions of dollars a year.
I have to admit, I’ve always had a bit of a soft spot for Michael Milken.. He did deserve the jail time he got, he was breaking securities laws in an attempt to hide his holdings and influence. But in the scope of Wall Street characters or scoundrels, whichever you prefer, he was also an innovator that helped change and yes improve our financial markets.
We're In This Together
Sometimes it seems as if "Conversation" has become a bad word in our country, as if talking to someone not in complete agreement with you is a sign of weakness. Sometimes it seems as if Anger is the only energizing force we allow ourselves. I believe in a different America. An America where two people can disagree but still respect the basic humanity of the other person. An America where it is possible to disagree without hate, to talk without shouting. I believe, even still, in the ideal of the United States of America, a democracy where each person has the right to pursue their own life, and have their own opinion. If our country is less great than it once was, it is because we have slipped away from this idea, this belief that all men and women have the right to choose the course of their own lives, and their own opinions. It is both the left and the right that have slipped away from this idea, allowed their anger to somehow convince themselves to question the humanity of the other side. Sometimes it seems that fighting anger with reason is impossible. But if history has proven anything, it is that reason does always eventually win. This blog is my effort to again have a conversation, to replace anger with reason. I hope you will join me in a conversation, and together we can recapture the faith in our country and our citizens that made America great.