Thursday, October 02, 2008

"Cheap politicians are actually very expensive and the same principle applies to CEOs."

So writes Thomas Sowell. His column on the stupidity of regulating corporate CEOs' pay is genuinely amazing, both in style just as much as substance.

We can't begin to select the bits to quote from this piece, but here is one, commenting on the fact that the "golden parachutes" that so offend the public are for corporations a cheap, quick way to get an ineffective executive replaced:

But what about the “social justice” of it all?

Such questions seem to carry great weight with people who act as if they are God on Judgment Day. But one of the little overlooked differences between themselves and God on Judgment Day is that God does not have to worry about what is going to happen the day after Judgment Day.

Brilliant! Read the whole thing, or you're never allowed to read this blog again.


JB in CA said...

I have to say I'm relieved to learn that I don't have to worry about justice anymore. It was becoming such a drag.

Raymond said...

Great piece! Another favorite quote,"Most people do not understand most things. But that is no reason to have national policy guided by their ignorance."