Along the same lines as yesterday's post by Robert Reich is an interesting examination of why business leaders aren't calling for economic stimulus. As this article points out, in the 1940's business leaders joined together to press for a substantial federal stimulus to protect against a postwar depression.
It worked.
Even in an earlier period, Henry Ford recognized that if his workers couldn't afford to buy his products, his factories wouldn't prosper. So he paid well and prospered greatly himself.
But in today's world, executive compensation is divorced from the overall performance of the economy. For that matter, it seems divorced from executive performance in any normal sense.
This needs attention.
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