Socialists imagine a class struggle. In their made-up fantasy the CEO is in competition with low level workers, the wealthy entrepreneur is stealing from the underpaid nurse.
In reality, workers do not compete vertically they compete horizontally.
Entrepreneurs compete with entrepreneurs. Investors outbid each other. CEOs are benchmarked against other CEOs. Nurses are hired from a pool of nurses. Etc.
The CEOs pay has no correlation to the entry level workers. The Football star on £300K a week isn’t linked to the person selling drinks in the stadium. A biotech entrepreneur raising VC capital isn’t paid relative to a cleaner.
What is linked is the demand and supply dynamic of each role.
If a company places an ad for a qualified truck driver and 150 people apply for the role, then the company knows it does not need to increase wages for that role. If the company has an open role for months, it is forced to look at the compensation package.
Same for a CEO. A board representing shareholders would like to hire a CEO for a lot less if they could. Their dream scenario would be to hire a CEO who brings in institutional investors, attracts top executives, drives innovation and growth, keeps margins steady and is a good public face for the business even under pressure. It turns out there aren’t a lot of these people looking for work and if you want one you have to pay more than other companies are offering.
The class struggle isn’t vertical it’s horizontal. CEOs are in competition with CEOs. Retail workers are in competition with retail workers. Demand and supply dynamics set the price.
Sure you can say that a CEO want’s profitability and would like wages to be lower BUT it’s not up to the CEO - demand and supply tension sets the price of workers. An Airline like RyanAir would like free pilots if they could get them but they can’t… so they pay the market rate.
The reason incomes are rising at the top and falling at the bottom is not class warfare. It’s technology and globalisation.
Technology makes basic jobs simple, remote or fully automated. At the same time tech makes executive roles more leveraged, more important and more valuable.
A CEO used to run a smaller organisation. Today a CEO who’s 2% better on a $5B company is generating $100M more. Seems sensible to try and pay a few million to get $100M.
Globalisation has put workers from all over the world in completion with each other - downward pressure on wages. Globalisation has given CEOs more market opportunities to explore - upside opportunity to unlock.
The rich are not very interested in buying houses that poor people own. The poor are not buying up the homes the rich want. They are separate groups living separate lives. Try finding the genuinely rich people whose strategy is to hoard normal residential homes - it barely exists as a thing. About 85% of landlords are people who own 1-4 properties. Super-landlords (100+ properties) are 0.2% of landlords and own a tiny fraction of the 30M homes in the UK… and they’re heavily taxed.
Class warfare isn’t real. It’s an imagined war in the minds of socialists.
Demand and supply dynamics are real. To the degree it is measured in class, it’s a horizontal competition not a vertical one.
Christopher Hitchens: ”In 1786, when the United States was barely a country, it was having its sailors taken as slaves by the Barbary states, the states of the Ottoman Empire and North Africa. Tripoli, shores of Tripoli. Ships stopped, its crews carried off into slavery. We estimate 1.5 million European and American slaves taken between 1750 and 1815.
Jefferson and Adams went to their ambassador in London and said, why do you do this to us? The United States has never had a quarrel with the Muslim world of any kind. We weren't in the crusades. We weren't at war with Spain. Why do you do this to our people and our ships? Why do you plunder and enslave our people? The ambassador said very plainly, Mr. Abdul Rahman said, because the Quran gives us permission to do so, because you are infidels, and that's our answer. Jefferson said, well, in that case, I will send a navy which will crush your state, which he did.
Islamic fundamentalism is not created by American democracy. It's a lie to say so. It's a masochistic lie, and it excuses those who are the real criminals, and blames us for the attacks made upon us.”
@Maciamo@ryanburge Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor— George Washington. A Proclamation of Thanksgiving at the Continental Congress
One of the most thought provoking speeches I've seen in a while.
@Miss_Snuffy on how raising a generation to see the world through oppressors and the oppressed is changing the West.
If you don't have time, bookmark it. It's worth every second.
WATCH:
Let me break it down in a simple way that I’ve been reporting from the beginning.
To invent a vaccine for a disease that didn’t exist, our scientific Einsteins used taxpayer money to partner with communist China to create the dangerous virus in a lab—So that they could create a vaccine for it.
Covid was a result of primarily US funded vaccine research, and that’s the thing they could not let you know.
They stopped at nothing to obfuscate, misdirect, cover their tracks, protect themselves, and controversialize anyone telling the truth.
The scientific establishment and media aided and abetted.
I can think of no more impactful, crimes and violations that have occurred in our lifetime.
I see all of these progressive pastors, left of center pastors, and middle of the road woke pastors talking politics, economics and what America should look like, and then I am told to keep my political beliefs to myself. Who are the Christian Nationalists??
@DerwinLGray What does a poor person in America not have that that puts them at a disadvantage? They have food, phone, a home with electricity, running water and plumbing, healthcare, education. Elon’s Trillions and all of the other billionaires lifts millions of people out of poverty.
BREAKING: Cleveland Clinic officially ENDS gender transition surgery for children, committing to investing millions into detransition care.
No child was born in the wrong body.
@kevinnbass I think it is more about Christianity rather than about color. Christianity (philosophically at least) is vastly more prominent in Western Countries. Of course you could argue Christian Culture is Western Culture and vise versa.
⚡️Dana is describing the psychology of operators.
High-agency people cannot afford unlimited emotional intake. Every hostile opinion, every bad-faith critique, every confused outsider take, every resentment broadcast from the cheap seats becomes cognitive tax. Enough of it enters the system and execution starts degrading.
So he builds a wall.
That wall looks arrogant from the outside. From the inside it is operational hygiene.
Most people treat negativity as information because they are still seeking permission from the room. Operators treat most negativity as contamination because they already know the work, the stakes, the constraints, and the cost of listening to people with no skin in the arena.
That is the key.
The person building has asymmetric information. The critic often sees only the visible surface: the decision, the headline, the result, the tone, the optics. The builder sees the machinery underneath: timing, tradeoffs, money, personnel, leverage, legal risk, competitive pressure, internal chaos, hidden constraints.
So criticism from people outside the machine is often not feedback. It is noise wearing confidence.
There is a danger, though. Blocking all negativity can become blindness if the person starts filtering out reality along with resentment. Great operators need a small council of truth-tellers, not the crowd. The crowd is usually useless. The trusted few are priceless. The discipline is choosing who gets access to the nervous system.
Dana’s real point is brutal:
Never let people who have never built anything become shareholders in your mind.
That applies to business, markets, writing, forecasting, relationships, everything.
Most people fail because they let the audience into the cockpit. They start adjusting to spectators instead of flying the plane. They confuse visibility with authority. They treat every reaction as signal. Then their internal compass gets replaced by crowd noise.
The deeper truth is that success requires selective deafness.
Hear reality.
Hear trusted operators.
Hear results.
Hear the scoreboard.
Mute the spectators.
That is the whole game.
Spencer Pratt reveals the FireAid scam: $100 million raised for Palisades Fire victims… funneled to 200+ NGOs while homeowners got nothing.
@spencerpratt "That's when I learned firsthand that these NGOs will take, right in your face, $100 million and just steal it."
Two things (because stuff like this is very common)...
1) Jesus' parents literally traveled to Bethlehem during a national census "to register" (to be legally documented and comply with citizenship laws), Luke 2:1-3
2) Progressive people selectively-edit Jesus to leverage Him as a mascot for their cause. You can also say things like...
- Jesus was unvaccinated
- Jesus told his followers to buy self-defense weapons
- Jesus was majority culture in His region
- Jesus fed the poor without raising taxes
- Jesus came from a traditional patriarchal family
- Jesus loved his nation
... but Jesus is a Lord, not a mascot.