I’m just off the BBC’s Nolan Show debating the issue involved in the news that the Directors renumeration of the top 100 FTSE companies is up by 50%. Three points;
1. I have a sore throat so any emotion in my voice was caused by that!
2. I FULLY support the decisions that these publicly quoted companies make to reward their Directors. Success SHOULD be rewarded, and failure punished. That’s the point of all of this. I did tell Nolan that I wanted to see failed Banks collapse – think he didn’t like that! But the Left cannot on the one hand complain about the cost of bailing out banks whilst simultaneously exulting in bailing them out!
3. It’s just NOT Private sector bosses that have seen their salary levels increase, the Public sector have been at it too, and remember that they generate nothing. Why no outcry there?
In addition to this, there is a fundamental belief that private business must be allowed to run itself privately (and lawfully), without the State getting in the way. I remain implacably opposed to crony corporatism, just as I oppose toxic socialism. But if we concede the principle that the State will ses the limits for private sector pay, we will no longer live in a liberty loving democracy but will have passed into a State controlled tyranny.
Always remember the State has NO money, it is always our money and we should have the right and indeed encouragement to make as much of it as possible, and spent it as we deem best fit. Capitalism “red in tooth and claw” it is …..not wrapped in the Red Flag.