| >> socialism - while there is often not a good argument against the individual parts; it is the communists building the wall Communism and socialism are distinct. The confusion arises because Marx (& Engels) used the terms interchangeably but that was a long time ago and a lot has changed in the interim (as has just about every other discipline in the world) and now these terms refer to distinct ideas. Within socialism, there’s a few major branches. The one of most interest to western countries would be democratic socialism. Just to help cement the idea that there’s fundamental differences, here’s some ideas from socialism that might be surprising if you equate socialism with communism: They’re against redistributive taxes because they’re heavy in administrative overhead and can reduce the desire to work. Instead they prefer the idea that income distributions are maintained fairly. E.g. for one example, the board can award the CEO any amount they desire limited only by the available money to the company - however, the lowest paid employee, regardless of role within the firm, must not earn less than 0.X times the remuneration of the CEO. Where X is set such that the lowest and highest paid workers dont diverge by excessive amounts. Socialists believe in individual creativity - they strive to provide freedom to be creative to all individuals. While ultimately they’re against the waste of capitalism (e.g. a sweeping simplification but advertising driven consumption - consumption not based on need but based on wants) socialists do seek to beat production of the capitalist approach where communism has no interest in this. |
So penalizing companies in low margin sectors and depriving them of top tier leadership talent while favoring companies in high margin industries seems reasonable to them? e.g. Amazon would have a much lower cap on CEO remuneration mainly because they are in retail and distribution (not implying that warehouse workers are not treated poorly) than Google for instance just because they employee less software engineers etc. proportionally?
Doesen't make much if any sense to me...