I would highly recommend that one reads this ancient book, "Ta Hsueh and Chung Yung", written over 2 500 years ago from China.
"For if, out of mean spirit and jealousy, he should conceive ill - will toward any man possessing manifest talents, or, there being a man of refined cultivation, should he attempt to counter him and take steps to block his advancement, then he surely be lacking in this capacity of tolerance. He would thereby show himself incapable of safe guarding our descendants for all their generations..." (Ta Hsueh & Chung Yung).
2 300 years later not following these rules of Confucius, infighting in the imperial court, giving out contracts to those unworthy who became rich without talent, China fell flat in its face, allowing communist part to rise and rescue China. Let us hope they are not doing the same thing and follow this advise. In the West one saw those without any talent claiming they have talent and now there is a huge financial crises.
Quoting further, "For when one observes worthy men yet remains unable to employ them, or perhaps employs them but remains unable to grant them precedence, the fault is due to negligence." Can anybody in their minds come to grips with these facts, no Plato, Aristotle could ever have such a vision, Westerner are only coming to grips with this now, Canadian whites through sheer envy and jealousy have a semi socialistic system in order to block those of more talents, they say a body in Canada is different than a body in India or China, or USA, hence these doctors can not practice in Canada, because Canadian whites are fascinated with the likes of Plato, Socrates, Aristotle, children compared to Confucius and Lao Tzu, those Greek philosophers could never understand the concept of humanity, they wrote for the nobles of their time not for society.
Quoting further, "If, however, one observes men who act contrary to the good yet remains unable to remove them from office, or perhaps removes them from office but remains unable to distance them from power, this is a grave error."
Now this happens all over the world, unworthy people not removed from power. Stop reading Western philosophers, you will just end up being evil. you will steal other peoples thoughts and say they are yours, you will still their ideas and say they are yours, you will exterminate people for their own good, example, Native Americans and Australians, you will bomb countries and destroy them because you want what belongs to them, you do not want to buy it, Iraq, you will kill people simply because they do not think like you, Vietnam, you will say you believe in freedom but when it comes to the nitty gritty you will say well sometimes, these other Americans can not build their religious houses here, like in New York. Remember, the NAZI's, Churchill, Roosevelt where all the same, wanting to rule the world, no difference between them, no matter what the winners say. Read real works for humanity and keep away from seeds of evil.
These philosophies are the basis of freedom and the free market, read them and then read Adam Smith who said the same thing basically at the core, 2 300 years later, but even with proof evil people will say the sky is not blue only because somebody they hate and are jealous of said the sky is blue.
Bhekuzulu Khumalo.
Showing posts with label talent. Show all posts
Showing posts with label talent. Show all posts
Tuesday, September 7, 2010
Sunday, October 25, 2009
Creeping Semi Totalitarianism
There is so much concern about how much bank executives and their “top” talent are paying themselves millions of dollars especially after having being bailed out by the tax payers. There are basically two arguments.
First there are those who say it is immoral for people to pay themselves millions after being bailed out by the taxpayers, seems understandable.
The second group says top talent deserves to be paid millions, otherwise those talented people will pack their bags and go to other companies, one needs to pay top dollar supposedly to have a good stock broker. Yet none of these “top talent” had a sell on AIG, but that is besides the point.
Take Goldman Sachs for example, they have paid all the money from the bailout, or most of it, who knows what is true, why can they not pay those they feel like as much as they want. They owe nothing anymore so why the worry. It is immoral at this stage to demand that Goldman Sachs restrict pay when they owe nobody anything. Goldman Sachs is not obligated to be dictated to by none shareholders. They can give each other as much as they want. But if Citi Bank owes the government money then no way can they pay themselves millions of dollars, one says themselves because it is a buddy buddy thing.
Tax payers have no right to be angry at the likes of Goldman Sachs, they should be angry at themselves at squarely at Bush and Obama for having bailed out Goldman Sachs, that was immoral, they should not even be existing, but both Bush and Obama figured they will retire one day who will sponsor their foundations and pay them to run around the world to make speeches, the likes of Goldman Sachs, that is why the bailout, do not doubt it. It was done, no need to cry over spilled milk, but nobody now has a right to regulate their pay, next time people should not be so blind.
Regulation will help with nothing except to create rigid class systems, that is what Obama and Bush have been working towards, the market punished the untalented Goldman Sachs and made space for those with talent, but creeping totalitarianism ensured that they survived, now they are back saying how talented they are.
Are bank executives, or corporate executives for that matter over paid. Maybe yes maybe no, but that is not up to the government to decide how much people should be paid. Corporations have shareholders, if they let the board pay themselves millions of dollars then the shareholders are getting exactly what they deserve. Take for example the Rockefellers, well if they do not want to be involved in Exxon, then let the board pay themselves as much as they like.
If for example the largest shareholder owes 2 – 3% of a large corporation and the board only has 0.5% and the largest shareholder does not want to be involved they want to go bungee jumping instead of taking their responsibilities seriously they deserve to be cheated, it has been known for thousands of years that when the cat is away the mice will pay, even the book of proverbs in the Bible of the west talks about a foolish child will lose their inheritance to a wise servant. Go and bungee jump and they will take your inheritance, but it is not for the government to come to your defense. Obviously owners do not pay themselves ridiculous amounts, look at Bill gates taking economy class for years even as a billionaire.
These people did not build these institutions like General Motors, so even as General Motors was collapsing they wanted to fly by private jets to get bailout money.
Is this the nonsense that America wants to export to the world, that some people are more equal than others and need to be bailed out, too big to fail, BS. Is this the kind of creeping totalitarianism that Obama and Bush want to export to the world behind the veneer of a government for the people by the people, these are dangerous times for freedom, as freedom is attacked in every corner from USA to Iran, Uzbekistan, Zimbabwe, there are those who want to rule for ever, Goldman Sachs time was over, thanks to Bush and Obama they will be around for ever, and morally they have the right to pay themselves what they like.
Bhekuzulu Khumalo
First there are those who say it is immoral for people to pay themselves millions after being bailed out by the taxpayers, seems understandable.
The second group says top talent deserves to be paid millions, otherwise those talented people will pack their bags and go to other companies, one needs to pay top dollar supposedly to have a good stock broker. Yet none of these “top talent” had a sell on AIG, but that is besides the point.
Take Goldman Sachs for example, they have paid all the money from the bailout, or most of it, who knows what is true, why can they not pay those they feel like as much as they want. They owe nothing anymore so why the worry. It is immoral at this stage to demand that Goldman Sachs restrict pay when they owe nobody anything. Goldman Sachs is not obligated to be dictated to by none shareholders. They can give each other as much as they want. But if Citi Bank owes the government money then no way can they pay themselves millions of dollars, one says themselves because it is a buddy buddy thing.
Tax payers have no right to be angry at the likes of Goldman Sachs, they should be angry at themselves at squarely at Bush and Obama for having bailed out Goldman Sachs, that was immoral, they should not even be existing, but both Bush and Obama figured they will retire one day who will sponsor their foundations and pay them to run around the world to make speeches, the likes of Goldman Sachs, that is why the bailout, do not doubt it. It was done, no need to cry over spilled milk, but nobody now has a right to regulate their pay, next time people should not be so blind.
Regulation will help with nothing except to create rigid class systems, that is what Obama and Bush have been working towards, the market punished the untalented Goldman Sachs and made space for those with talent, but creeping totalitarianism ensured that they survived, now they are back saying how talented they are.
Are bank executives, or corporate executives for that matter over paid. Maybe yes maybe no, but that is not up to the government to decide how much people should be paid. Corporations have shareholders, if they let the board pay themselves millions of dollars then the shareholders are getting exactly what they deserve. Take for example the Rockefellers, well if they do not want to be involved in Exxon, then let the board pay themselves as much as they like.
If for example the largest shareholder owes 2 – 3% of a large corporation and the board only has 0.5% and the largest shareholder does not want to be involved they want to go bungee jumping instead of taking their responsibilities seriously they deserve to be cheated, it has been known for thousands of years that when the cat is away the mice will pay, even the book of proverbs in the Bible of the west talks about a foolish child will lose their inheritance to a wise servant. Go and bungee jump and they will take your inheritance, but it is not for the government to come to your defense. Obviously owners do not pay themselves ridiculous amounts, look at Bill gates taking economy class for years even as a billionaire.
These people did not build these institutions like General Motors, so even as General Motors was collapsing they wanted to fly by private jets to get bailout money.
Is this the nonsense that America wants to export to the world, that some people are more equal than others and need to be bailed out, too big to fail, BS. Is this the kind of creeping totalitarianism that Obama and Bush want to export to the world behind the veneer of a government for the people by the people, these are dangerous times for freedom, as freedom is attacked in every corner from USA to Iran, Uzbekistan, Zimbabwe, there are those who want to rule for ever, Goldman Sachs time was over, thanks to Bush and Obama they will be around for ever, and morally they have the right to pay themselves what they like.
Bhekuzulu Khumalo
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Bhekuzulu Khumalo
- Institute of Knowledge
- I write about knowledge economics, information, liberty, and freedom