There is a problem when athletes make 30 plus million dollars a season. There is a problem when CEO's make hundred of millions of dollars a year.
I really don't understand how people can say that. In doing so you are essentially saying there is a problem with success. The only reason that athletes make so much is because so many people pay to see their games and the only reason CEOs make so much is because so many people pay to buy the company's products and services. What happened to keeping the fruits of your labor and being able to spend money how you want?
There is a problem when big banks that have been reckless can be bailed out by the taxpayer - virtually no strings attached.
This one I agree with because the government's responsibility is the people, not the banks. No surprise that they were bailed out though because the crisis was the result of government intervention by providing risk insurance for banks and the housing market in an attempt to be "for the people" by trying to increase house ownership, etc. It was not the result of capitalism, it was the result of utopian delusion. Government created the moral hazard, so it's no surprise they ended up paying for it when everything blew up.
The underlining problem, of course, is greed and excess. The irony is that many of those ultra wealthy individuals came from a family which at some stage had lived in poverty or had humble non-well off beginnings.
That "greed" is also what provides millions with jobs and keeps the economy going. Greed is a proponent of self-interest and when it comes to companies, their goal usually is to make money.
The whole system of capitalism needs to be re-evaluated in my view.
Why? When it wasn't even capitalism that caused most of our problems, why would you reevaluate it? What we should be reevaluating is crony capitalism as well as the idea that government should be there to provide everything for the people.
