- Dec 16, 2006
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In my experience a healthy dollop of socialism stabilizes a country and does a lot for the economy
Analytically the huge 300 to 1 difference in income in a large company in the US has a dehumanizing effect and disenfranchises low income workers, who have no say in anything that happens to us in the company
The new managing director of a company I was in announced that to increase production of a machinery monitor we made he was going to close our site with 30 employees and transfer the product to a larger site up North with 70 employees who had no product now that theirs had been moved to Columbus.
I predicted that the site up North would never learn to make the product and that was what happened, one version was not produced for a year until it could be made somewhere else and the other version was dropped entirely. Instead of production going up it went way down, and oddly enough the same thing happened in the next company I was in. Maybe it was all the rage in MBA courses at the time.
The half-witted managing director continued on his huge salary and I was out of work. He mattered, I didn't.
That level of inequality reduces the cohesiveness of a country and in combination with other big factors could lead to social unrest or even possibly coming apart as happened with the Roman Empire.
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