Amazon laid off 30,000 workers while CEO Andy Jassy got a 30% pay bump

Yeah, layoffs are brutal—I’ve been through it, and it sucks. But this isn’t ever about fairness at the individual level; it’s about the scale of responsibility and results.

CEO pay follows the results of the responsibility. A company the size of Amazon is at a scale most can’t even conceptualize. It isn’t remotely comparable to any other role and one bad call could wipe out tens of thousands of jobs or worse.

If the company is creating massive value and growing, it makes absolute sense that the person steering it is rewarded accordingly. This happens at every scale of business and it is completely appropriate.

Frankly, the outrage and revenge fantasies just expose how little understanding is actually in the room. Calling it hypocrisy just ignores how performance-based compensation actually works.
There needs to be restraint in the amount of remuneration. And sadly in Lobbyist USA, that restraint is usually nowhere to be found.
 
There needs to be restraint in the amount of remuneration.
We'll just stick with that whole 'freedom' thing that's worked so well in the past. If you want the government to set prices on everything -- including labor -- for you, I suggest you move to a consumer paradise like Cuba, North Korea, or a former Soviet Republic.
 
We'll just stick with that whole 'freedom' thing that's worked so well in the past. If you want the government to set prices on everything -- including labor -- for you, I suggest you move to a consumer paradise like Cuba, North Korea, or a former Soviet Republic.
Yeah, when you finally recognise the toxicity of Lobbyist USA. Then your eyes will be open.

A Lobbyist USA is the furthest from a free market, because those who can game the system are the ones who, surprise surprise, are most able to afford to game the system. At least there's a non-zero chance of countering corporate lobbyists with sane activism and alternative lobbies, but your odds are not good and getting worse with each year of wealth consolidation.

The USA is surely still big enough for prosperous, middle class bubbles to remain in a sea of stark disparity between the uber rich and the minimum wagers. But does it have to be like that, was it always like that?

If you can only counter the above with "but Communism!", then you're not really much of an keen observer and astute thinker.
 
Yeah, when you finally recognise the toxicity of Lobbyist USA. Then your eyes will be open.

A Lobbyist USA is the furthest from a free market,
Furthest? Really? Name a country that’s closer….

As I’ve said before, capitalism might not be a perfect system, but it’s better than the alternatives…
 
Years ago I had a job when the housing market tanked, place I worked at was heavily involved in construction and when it was slow, we were slow. For a couple years there were no pay raises and not even any kind of holiday parties and employee cutbacks (about 20% of the company workers were let go).

The owner, however, found it possible to spend a few hundred thousand dollars for his safari trip and hunt out in Africa and then also special order a new Jaguar vehicle he wanted. He couldn't understand why people at his company were upset about how he was spending his money how he wants.

The rich live in another realm compared to the average worker, generally they just don't care or don't understand.
 
Furthest? Really? Name a country that’s closer….

As I’ve said before, capitalism might not be a perfect system, but it’s better than the alternatives…
It's sad to see people crow over Lobbyism as the crowning glory of capitalist economics, and think that it sits at the "righteous and perfect" end of a spectrum that is absolutely linear. With the other end being theoretical Communism.

And so, all countries must be like that, either Lobbyist capitalism like the USA, or theoretical Communism like... no country in history, because theoretical Communism, in the exact way Marx laid out, is a despot's fairytale. Nothing in between.

I believe a country with capitalistic economics, zero capability of corporates to lobby and get chummy with the politicians, politicians, and implements co-paying social insurance schemes for healthcare and education, while imposing all manner of taxes and regulations against the use of housing for non-ownership-residential profiteering purposes, is the way to go for a first-world country with decent citizenry. No country will get it completely right, but some cities may get pretty close.
 
I believe a country with capitalistic economics, zero capability of corporates to lobby and get chummy with the politicians, politicians, and implements co-paying social insurance schemes for healthcare and education, while imposing all manner of taxes and regulations against the use of housing for non-ownership-residential profiteering purposes, is the way to go for a first-world country with decent citizenry. No country will get it completely right, but some cities may get pretty close.
Can you name a country like that? Hypotheticals are great… but let’s work with reality?
 
It's sad to see people crow over Lobbyism as the crowning glory of capitalist economics
Except no one here has done anything of the sort. Does the phrase "straw man argument" mean nothing to you?

You also fail to understand that there are many forms of lobbying. Grassroots lobbying is an integral, essential part of the democratic process. Restricting ourselves to the corporate milieu, lobbyists can be (and often are) supporting free-market legislation just as they can be seeking special privileges or treatment. Claiming lobbying is bad is like claiming voting is bad ... it all depends on what you vote upon.
 
Except no one here has done anything of the sort. Does the phrase "straw man argument" mean nothing to you?

You also fail to understand that there are many forms of lobbying. Grassroots lobbying is an integral, essential part of the democratic process. Restricting ourselves to the corporate milieu, lobbyists can be (and often are) supporting free-market legislation just as they can be seeking special privileges or treatment. Claiming lobbying is bad is like claiming voting is bad ... it all depends on what you vote upon.
The reality on the ground doesn't match your idealism.
 
The reality on the ground doesn't match your idealism.
The reality on the ground is that there is far *less* cronyism and bestowing of special treatment and favors in capitalism than in any other system we've tried. One only has to look at any far-Left socialist regime to understand that.
 
The reality on the ground is that there is far *less* cronyism and bestowing of special treatment and favors in capitalism than in any other system we've tried. One only has to look at any far-Left socialist regime to understand that.
That's a whataboutism, you know that right?
And are you saying US-style Lobbyist capitalism is the only one there is among the western democracies? And is superior to the rest of the capitalistic implementations?
Exceptionalism much?
 
That's a whataboutism, you know that right?
Not even remotely correct. Since you missed the point, I'll explain it more clearly. All systems have flaws. Capitalism however is by far the best such system of any we've yet tried.

Exceptionalism much?
Exceptionalism always. It far beats the alternative of glorying mediocrity, failure, and the abyss of moral relativism.
 
That's a whataboutism, you know that right?
And are you saying US-style Lobbyist capitalism is the only one there is among the western democracies? And is superior to the rest of the capitalistic implementations?
Exceptionalism much?
Strawman much?
Please, name a nation/system that does it better… we’re waiting…
 
Not even remotely correct. Since you missed the point, I'll explain it more clearly. All systems have flaws. Capitalism however is by far the best such system of any we've yet tried.
US-style Lobbyist Capitalism?
Exceptionalism always. It far beats the alternative of glorying mediocrity, failure, and the abyss of moral relativism.
You're glorifying the mediocre and set-up-for-failure corporate lobbyist style of US capitalism.
 
A nation/system that has plenty of natural resources just like the USA?
2 names come to mind - Norway and Switzerland.
Glad you brought that up! These nations indeed learned from their earlier mistakes. From Scandinavia University Press:

"...The shift away from the highly regulated, state-oriented economy in Norway began in the late 1970s and accelerated during the 1980s, marking a transition from a social democratic model towards market-oriented policies ... This shift was prompted by economic crises [high inflation and low growth], global competition, and concerns about the long-term sustainability of the state-dominated model.

...Conservative Prime Minister Kåre Willoch's government in the 1980s is credited with initiating a "system shift," implementing deregulation, privatization, and market-oriented reforms....


  • Privatization and Deregulation: The state began to reduce its direct ownership and control in several sectors, opening up the economy, which introduced market mechanisms into the public sector...."
 
Glad you brought that up! These nations indeed learned from their earlier mistakes. From Scandinavia University Press:

"...The shift away from the highly regulated, state-oriented economy in Norway began in the late 1970s and accelerated during the 1980s, marking a transition from a social democratic model towards market-oriented policies ... This shift was prompted by economic crises [high inflation and low growth], global competition, and concerns about the long-term sustainability of the state-dominated model.

...Conservative Prime Minister Kåre Willoch's government in the 1980s is credited with initiating a "system shift," implementing deregulation, privatization, and market-oriented reforms....


  • Privatization and Deregulation: The state began to reduce its direct ownership and control in several sectors, opening up the economy, which introduced market mechanisms into the public sector...."
Notice the absence of corporate lobbyism? Yeah.
 
Notice the absence of corporate lobbyism? Yeah.
They still have corporate lobbyists… the different is it’s actually LESS transparent than the US since there are fewer specific laws regulating it… try again :)

I know it sucks when reality disagrees with your narrow world view... but hey, thanks for coming out....
 
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Notice the absence of corporate lobbyism? Yeah.
Sorry to disrupt you with reality:

"Yes, lobbying is a legal and active part of the political landscape in Norway, focusing on influencing policy through interactions between businesses, NGOs, and government officials. It is not strictly regulated compared to other countries—lacking a mandatory, public lobbying register....it is common, especially in sectors like oil and energy...."
 
They still have corporate lobbyists… the different is it’s actually LESS transparent than the US since there are fewer specific laws regulating it… try again :)

I know it sucks when reality disagrees with your narrow world view... but hey, thanks for coming out....
What's the point of transparency when what you Americans are getting is "come and get me" transparency?

Transparency needs to be explicitly talked about when the "inner software" of the people is naturally lacking.
 
Sorry to disrupt you with reality:

"Yes, lobbying is a legal and active part of the political landscape in Norway, focusing on influencing policy through interactions between businesses, NGOs, and government officials. It is not strictly regulated compared to other countries—lacking a mandatory, public lobbying register....it is common, especially in sectors like oil and energy...."
" It is not strictly regulated compared to other countries"

The US is definitely not on that list of other countries.

Oh and what happened to Switzerland? Tongue entrapped by cat?
 
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