LETTER: Superrich bosses the fault of too little capitalism
The job of capitalists is to invest, to create jobs, which leads to more tax revenue
08 September 2020 - 17:43
The fact that we have overpaid executives is not due to too much capitalism, but to too little. Capitalism has become a term too easily abused by anyone looking for a quick fix or an excuse.
There was a time when businesses were managed by their owners. There was a time when Edgars, for example, was managed and controlled by Sydney Press, who never paid anyone, including himself, an outrageous salary. Alas, we now have no Edgars at all after its demise at the hands of a fund...
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