|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 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 and all of that, 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 human self-interest will overpower any law.
I will guarantee you if you get rid of this doomsday welfare state economy it will bring back
individual accountability and responsibility. 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. That is what a
true free market place will 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 medium of exchange, real wealth
is still when someone produces or creates something of value. Small farmers and gardeners
is the backbone for any nation to survive under all conditions.
I don't have a problem with mega-farms and huge animals 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. You can't survive on a worthless currency. There is no doubt in my mind unless
we privatize out of this welfare state at some point our currency is going to become
What actually make a democracy superior to all other forms of government are not its
freedom but its built in discipline. When it comes to discipline nothing beat 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
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 and destroy any democracy. Don’t get me all-wrong; 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.