Psychotic Capitalism From The Outsider
The problem about the salaries of top corporate leaders in Australia ($10 million a year or 150 times average earnings) is suggested by today’s report of the Productivity Commission as being a legal or regulatory one.
The worldview which would support such a conclusion belongs to ‘psychotic’ capitalism where ‘business is business’ and you can do what you like provided shareholders, the ASIC and other laws of the land give it the nod.
This view is, however, contestable because the ‘problem’ is ultimately ethical in nature. We can’t do what we like simply because there is no law against. Only psychotics fail to distinguish right from wrong. Rather we do what we believe reflects our responsibilities to all citizens. Actions for which matters like equity, justice, sustainability, openness and access are the guides.