"CEOs have no right to earn 1000 times more than workers" ....No one deserves to be paid hundreds of times more than another person.
IIPM Think Tank took the debate yesterday to Colombo.
A brief summary of The Global WE Crusade Vision Document
by
Arindam Chaudhuri based upon the principles of 'Production of Skills by Means of Skills' by Dr. Malay Chaudhuri
》》》A forceful case for an exploitation-free world with a maximum wage ratio of the Highest paid to Lowest paid worker at 3:1《《《
Be it Sweden, Norway, Canada, Belgium or even Germany capitalism is just a name that they still carry while their people pay incredibly high taxes and every citizen has equal rights to more or less free education and excellent health facilities; So much so that today a private enterprise is scared to enter these nations. After all, how do you compete against high quality excellent free facilities. The guaranteed unemployment benefits are such that youngsters are no more interested in doing a job for a few bucks more and thus luxury products are hardly getting a new generation that is interested in designer products. They are satisfied youngsters, chasing their passions, and happy with the accommodation government provides, holidaying with the few bucks that their unemployment benefits provide and becoming better human beings since to get access to these benefits they are required to do various compulsory social work like helping old age people or people with special needs, for a few hours, daily.
On the other hand, in America and elsewhere CEOs continue to earn monstrously more than their workers, in many companies 1000 times and more. Which in effect means that a worker would need a thousand life times to earn as much as his CEO does in one. Today be it the plight of the marginalized in India or the still ongoing struggle of the blacks to gain respect in America - despite their last president being Obama - is all about this class struggle and deep rooted inequalities.
Thankfully, Bernie Sanders in the USA stands behind a genuine possibility of the working class gaining control of political power in the USA. So does, actually, Corbyn in UK. Similarly, thanks to the internet, today, it's shameful to be seen supporting ugly opulence. It's capitalists like Bill Gates, Warren Buffett and Mark Zuckerberg who are spearheading the donate your wealth movement for a more equal world. Soon there will be a time when to be looked up at, people would be forced to give up their vulgar capitalistic traits as the united world of workers (commoners and majority of the masses) on the internet, would make them feel horrible about their existence. The need to take care of the dying and malnutritioned millions in the developing countries of Africa and rest of the third world is today, more than ever before. And Chinese capitalism is showing that the need for profiteering is making capitalists go and develop the African continent; For the fact remains that there will be no one to buy your products till you give purchasing power to the masses.
The job of a state must be to promote equality by providing equal access to education, health, employment opportunities & unemployment benefits, dignity of living & housing and access to equal justice.
If there is unequal distribution of income through the market forces, then the income has to be taxed and taken away and used for genuine social causes. People must and would participate in such a process happily due to their altruistic side developed through better education. And anyone protesting against such humane thoughts are, and, eventually would be definitely looked down upon in a genuine and educated democracy.
We need to have a world where the difference in the lives of highest paid people and lowest paid should at the most be 3:1 irrespective of how highly qualified and creative the people at top might be feeling they are.
Earth would be a far better place with some human beings innovating and being more productive, either for just three times more income or for awards and recognition or just to take the human race forward; Than have such infinite scale inequality, millions dying of hunger and curable diseases while just 1% of the world's richest own more than 50% of the world's wealth in the name of competition and innovation. We must never forget the reality of the world we live in, where, the bottom 70 percent of the working adult population of the world accounts for only 2.7% of the global wealth. Where, while the richest 8.4% of the world own 84% of the world's wealth, the remaining 91.6% of the world is left with the crumbs.
World can not be humane and equal if inequality of income remains. And inequality of income will remain till we don't have a world that fights for just remuneration for every individual - where there is wage equality wrt a person's ability to contribute. There was a time when women couldn't vote. Today such a concept is shameful and laughable just like the idea of, say, public shooting or stoning of a criminal in a functional and humane democracy is. The day definitely is not be far away when living infinite times better than others will be looked down upon and publicly shamed. Because with access to great education, the educated world of the future will have no human being who would consider another fellow human being so superior so as to deserve such infinite luxuries. In living like others and seeing everyone around us living with access to dignity as well as a fair share of luxury, is real happiness.
*This vision document is a key part of Dr. Malay Chaudhuri and Arindam Chaudhuri's forthcoming book on A Theory of Economic Justice, "What Marx Left Unsaid" - Production of Skills by Means of Skills.
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