|From the desk of Freddie L. Sirmans, Sr. Feb. 11, 2007
I. Why there is runaway CEO pay?
Runaway CEO pay is actually proof of a non-free market economy. In a true free market
economy no business with any kind of runaway pay can survive. What the US have is
actually a government driven inflationary spiraling economy. What they call growth is
actually inflation produced by government giving out free money on an individual basis and
raising the cost of living itself each year. Otherwise, who knows if we would have had any
true growth in the last twenty years?
In a true free market system the amount of labor and pay is directly connected and the
currency is supposed to represent a fixed amount of gold backup. Sure, a civilization must
have laws, but in the final analysis the real true disciplinarian is the economy itself. We have
laws on the book now to control crime, illegal immigration, drugs, and anything you can think
of, but everything is out of control and is only going get worse.
This welfare state economy is an enabler that promotes a lack of individual responsibility and
accountability, whereas a true free market economy would demand individual responsibility
and accountability. Enough human self-interest can and will overpower any law. I will
guarantee you if we got rid of this doomsday welfare state economy it would bring back
individual responsibility and accountability.
Now, you can’t get Americans to do farm work in the blazing sun, but, if one gets hungry
enough he will work anywhere he can. Also, the public would bare some teeth and would
never tolerate the amount of crime and illegal immigration thats taking place. That is what a
true free market place would do. Remember, I'm not making the rules I’m just telling you what
they are. No one really knows what kind of economical system we really have.
"We are in no man’s land. We have gone where no man has gone before. We are truly in
unchartered territory or waters." We are just printing money as we see fit and using the
interest lever to keep from going completely off the chart. Again, I’m going to walk through
this, an economy is when you have a lot of people and each family must produce or create
something of value to eat and live.
What one needs and doesn’t have he must barter to get it from someone else. But, if he
wants a pig and only have potatoes to barter with, the other person may not want potatoes.
So, a currency solves the problem where everyone can exchange with everyone else. The
point I'm trying to make is a currency or a business is only a mean of exchange unless the
currency itself is of value instead of just worthless paper. The ability to eat, sleep, and stay
warm is still when someone somewhere is producing something of physical value.
Small farmers and gardeners is the backbone for any nation to survive under all conditions.
You can have the biggest business and more cash than you can shake a stick at, but the guy
with a garden and a shot gun has the advantage when it comes to raw survival. I don't have a
problem with mega-farms and huge animal factory farms, but for a nation to rely solely on
them for their only survival is just plain dumb and stupid.
Everything about them requires mass quantities of fuel plus long distance delivery. We are
now left with no bartering capacity to exchange with each other to survive on in case of a
national emergency. Food in a foreign country or miles away are not going to get to our
mouths if we don't get our sixty percent overseas oil supplies. Sure, we can flee Iraq and lick
our wounds for a while before we start starving due to a lack of oil to keep the eighteen
A nation can survive a worthless currency crisis only with backup bartering capacity. There
is no doubt in my mind unless we privatize out of this welfare state at some point our
currency is going to become worthless.
What actually makes a democracy superior to all other forms of government is not its
freedom but its built in discipline. When it comes to discipline nothing beats the tandem of
reward or punishment. That is why it is so hard to lose weight; the body uses reward or
punishment to make sure you eat.
The reward is the good taste of food and the punishment is hunger. A true free market place
rewards human effort with profit and on the other hand punishes laziness with hunger and
hardship. Wait! Not so fast, along comes the bleeding heart socialist and he wants to take
away the profits of the productive and give it to the non-productive. And in time he will kill or
destroy any democracy.
Don’t get me all-twisted; I care about the poor too. But, I believe the welfare of the poor is first
the responsibility of the nuclear family, the church, social organizations, and lastly the
government only on a temporary basis.