Wednesday, April 27, 2005
Liberals, who mostly despise capitalism, call highly paid corporate CEOs and their corporations "greedy" because of the huge amounts of money the CEOs and other high management types collect. This abuse is one of the primary reasons they hate capitalism, in fact.
Conservatives, who correctly believe capitalism is the best economic system ever created, are embarrassed by the excesses of corporate America, but are unable to do much about it.
Liberals believe that socialism is the solution to the excesses of capitalism. It isn't. Socialism is the answer to no serious question. But capitalism certainly gets a black eye each time some CEO inflates his salary to match his inflated ego.
William F. Buckley, Jr. addresses this topic in a recent column, Capitalism's Boil, which is worth a few minutes of your time.