Are large corporations evil?

not if they have processed properly at an accredited Soylent Green plant, they should taste fine:p

No need to eat the rich, just cut off their heads and display them in the town square.

what is the cut-off for being rich

It is a mystery, but I still know that rich people exist.

if you have to ask...

i just feel like nobody would begrudge somebody that made just a little more than them (for being "rich") and so by induction we could argue all the way up the chain that nobody's really evil, no matter how rich

i'm comfortable calling people who fly in private jets -- let alone having a spare come along just in case -- rich

i just feel like nobody would begrudge somebody that made just a little more than them (for being "rich") and so by induction we could argue all the way up the chain that nobody's really evil, no matter how rich

the sorites paradox does not disprove the existence of heaps.

what is the cut-off for being rich

i'd say - generously i think - making a million dollars a year makes u rich

the real question is what moral bar does a mil-a-year earner have to clear to keep them off my dinner plate

Immelt earned his M.B.A. from Harvard Business School, graduating in 1982. He described business school as "one of the most intense times of your life."

relatable

full quote far more humanising

“Business school,” recalled GE’s Immelt in a recent CNBC interview, “Is one of the most intense times of your life. There are times you do feel overwhelmed from the standpoint that it’s midnight, I have another case to read, I don’t really understand the subject material, and you say, ‘Gosh, what am I going to do?’

“And then, sometimes you are sitting there in the middle of a discussion and someone says something so smart that you hadn’t thought of and you think, ‘I am a dummy. I’m an idiot. This guy is so much smarter than I am.’ So you do feel inferior at times. You do feel overwhelmed at times.”

imo most of MBA/Business School culture is performance. like your main function when aspiring to be a CEO or Entrepreneur or whatever is to have the act down, to partake in the Cult of Personality. all the theories are things people have already thought of for years and years it's up to you to string together the right buzz words, the trite lingo of the moment, etc. make it seem like you know what you are talking about, like you are the authority. this provides great value in legitimizing Business. it's a bit like playing a role in a play. like politics its the Entertainment branch of Industry. they deserve the Big Bucks because they convincingly act the part.

i don't think it necessarily leads to evil though, any more than so many other realms do. power structures themselves can promote evil behavior (prioritizing abstraction/bottom line/numbers over human life) and to that extent the evil can flourish in a large corporation, a small corporation, a neighborhood co-op, any momentary misalignment of power. furthermore if you look at the history of horrible things large corporations have done in the 20th century (building/dropping nukes, poisoning the earth and us, etc.) it was almost always hand-in-hand with public interests so yeah not really so quick to lay it all on the bad corporation anymore.

https://www.cnbc.com/2017/10/18/chipotle-downgraded-employee-pay.html

Chipotle has a new problem on its hands: It's paying its employees too much.

Bank of American Merrill Lynch downgraded Chipotle and cut its earnings targets for 2018 and 2019, saying the struggling restaurant chain will have trouble cutting back labor costs any further than it already has.

"We are downgrading Chipotle to Underperform from Neutral as we believe, assuming no significant tax reform, that 2018 and 2019 consensus EPS needs to drop at least 10 percent," analyst Gregory Francfort write in a note Wednesday. "We believe further gains from trimming hours will prove difficult which limits the opportunity to get labor below 27 percent of sales even if traffic recovers."

Chipotle has taken definitive steps to scale back its labor costs as sales decline. The average weekly hours for full- and part-time Chipotle crew members were cut from a high of 34.6 in 2006 to 21.7 in 2016, according to the report.

Chipotle has a new problem on its hands: It's paying its employees too much.

t/s: eating the rich vs eating chipotle

i'm no economist but to my mind if you're having financial trouble the answer is not that you're paying the people at the bottom of the ladder too much, it's that the people at the top are incompetent

and most likely delicious when stir-fried with ginger, garlic, shallots, lemongrass and chilli

I don't see a good reason for any one person to make more than like 300k US/yr tbh

i was def being generous with a mil-a-year allowance

what if you want to buy more than $300k worth of stuff every year?

tough shit i guess, just be glad all your succulent flesh is still attached to your bones

Don’t you think there might be a slippery slope between that and no one is allowed to buy more than 12 CDs

nah, we have spotify now

buying more than 12 cds a year is counterrevolutionary

love me a slippery slope argument

also who is going to decide how much people should be allowed to consume per year? should we leave it up to world renowned resource allocation expert bizzaro gazzara?

sure, sounds good to me

sorry but your ideas are crazy

wow rude

also who is going to decide how much people should be allowed to consume per year?

this is not necessary, a salary cap will do

I believe I have the right to buy a commes des garçon sure

who decides on the salary cap

srsly you guys r nuts

who decides how many hours i have to work?

who decides how hard i have to work?

don’t you guys believe in freedom?

B Gazarra, in order to deal with the enormous amount of resource allocation decisions that must be made in a daily basis, are you willing to delegate decisions to a random number generator that I design and operate, in the name of efficiency and the holy technocracy?

new rule everyone is allowed to have money except the late great

I like it.

i regret to announce that ilx poster 'the late great' will have to play a part - albeit a delicious and nourishing part - of the first wave of the coming revolution

in other news, i am pleased to announce that ilx poster 'karl malone's ingenious decision machine will be underpinning all of the major decisions i make as global resource-allocation czar beginning november 1, 2017

all hail the decision machine

Sorry I should have clarified, you can absolutely make more than 300k, it's just that the tax rate jumps to 100% upwards of that. (iirc Melenchon in France was proposing something similar - funny/sad to think he'd have won if the fringe left parties had backed him)

glad you guys aren’t serious!

🍴

I think one way to define "rich" is having enough assets that, were you to quit working today, you would be fine for the rest of your life (or having inherited enough that you don't *need* to work in the first place). But I think you could also say any income that gives you the potential to reach that level of wealth many years before the standard retirement age makes you rich.

you are correct, I am not serious about this. these are reforms and reforms are ultimately not enough. time to nationalize the tech giants xp

What was that figure at which a baseline level of contentedness was assured and anything on top of that is generally superfluous? Something like 75k?

glad you guys aren’t serious!

https://www.kingsford.com/wp-content/themes/ccl-default/videos/cinemagraphs/gif/520x316/grilled-ham.gif

my answer to thread question = yes

and I am serious

bizarro g, you won't regret this decision in 65% of the probability models generated by some some randos i hired on craigslist!

stop joking around guys, the opportunity for a few thousand people to be unlimitedly rich is well worth the cost of a few billion being permanently poor

i submit that if those few thousand were to give up all their liquid assets the few billion would still be poor

^ correctly identifying that the problem is not capitalists but capitalism.