{"id":1980,"date":"2008-12-08T13:54:53","date_gmt":"2008-12-08T17:54:53","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/?p=1980"},"modified":"2008-12-08T13:54:53","modified_gmt":"2008-12-08T17:54:53","slug":"the-shell-game","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2008\/12\/08\/the-shell-game\/","title":{"rendered":"The Shell Game"},"content":{"rendered":"<p>When CEOs lead companies through good times, they deserve vast rewards.\u00c2\u00a0 When they lead companies through bad times, they deserve vast rewards for sticking around.\u00c2\u00a0 Funny how that works, no?\u00c2\u00a0 Yglesias <a href=\"http:\/\/yglesias.thinkprogress.org\/archives\/2008\/12\/if_its_not_your_fault_then_how_come_youre_so_rich.php\">thinks this through<\/a> a bit:<\/p>\n<blockquote><p>After all, the underlying premise of our finance-led rush to hyperinequality has been that the rich are very very very very different from you and me and that it\u00e2\u20ac\u2122s so excruciatingly important that we maintain adequate incentives for them to ply their trade that we should ignore the <a href=\"http:\/\/www.amazon.com\/gp\/redirect.html?ie=UTF8&amp;location=http%3A%2F%2Fwww.amazon.com%2FFalling-Behind-Rising-Inequality-Wildavsky%2Fdp%2F0520252527&amp;tag=matthygles-20&amp;linkCode=ur2&amp;camp=1789&amp;creative=9325\">immense damage<\/a> rising inequality does to middle class well-being.<\/p>\n<p>One we realize that that\u00e2\u20ac\u2122s not the case, that there\u00e2\u20ac\u2122s no \u00e2\u20ac\u0153magic\u00e2\u20ac\u009d at work in the financial field and people are just mucking around I think that has quite radical implications. If nothing the CEOs and top fund managers are doing makes them worthy of <em>taking the blame<\/em> when the crash hits, then they also don\u00e2\u20ac\u2122t deserve nearly the share of the credit \u00e2\u20ac\u201d and money \u00e2\u20ac\u201d that they got while things were going up.<\/p><\/blockquote>\n<p>Expect this point of view to get approximately zero airtime in our ongoing social and political conversations.\u00c2\u00a0 Indoctrination is a hard thing to overcome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When CEOs lead companies through good times, they deserve vast rewards.\u00c2\u00a0 When they lead companies through bad times, they deserve vast rewards for sticking around.\u00c2\u00a0 Funny how that works, no?\u00c2\u00a0 Yglesias thinks this through a bit: After all, the underlying premise of our finance-led rush to hyperinequality has been that the rich are very very [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-1980","post","type-post","status-publish","format-standard","hentry","category-policy","category-society"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"When CEOs lead companies through good times, they deserve vast rewards.\u00c2 When they lead companies through bad times, they deserve vast rewards for sticking around.\u00c2 Funny how that works, no?\u00c2 Yglesias thinks this through a bit: After all, the underlying premise of our finance-led rush to hyperinequality has been that the rich are very very\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"MB\"\/>\n\t<meta name=\"keywords\" content=\"policy,society\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/blacknell.net\/dynamic\/2008\/12\/08\/the-shell-game\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Blacknell.net | Politics, open government, and safe streets.  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