The Fable of Market Meritocracy - Reason Magazine

"It's a good thing that French President Nicolas Sarkozy is brimming with amour-propre because he certainly did not earn any amour from the business elite gathered in Davos last month. In a bombastic riposte—delivered, no doubt, in one of his fabulously expensive designer suits—he proclaimed that the recent financial meltdown had demonstrated that letting markets decide executive compensation was "morally indefensible." "There are remuneration packages that will no longer be tolerated because they bear no relationship to merit," he said." The Fable of Market Meritocracy - Reason Magazine A Socialist is a Socialist...perhaps arrogance and ignorance goes hand in handm, heavy booted down the slimy slope to hell.