You’ve probably heard about the rampant inflation in Zimbabwe. Inflation is at some ridiculously percentage. Let’s say it’s 2,000%. Does it really matter if this figure is accurate? Anyway, there is about $250k being spent on President Mugabe’s 84th birthday party.
1. Ridiculous inflation
2. President has giant birthday party
You probably see what’s wrong with this picture. People are struggling, really struggling, to buy simple food staples in that country. Hell if it happened here, there would be investigations. On that note, something is finally happening on executive compensation, a few CEO’s and compensation committee heads from some bank companies are being called to testify before congress. Maybe it’ll be like the Clemens hearings, and we’ll have it turn into a partisan issue.
Why do humans continually tolerate this type of behavior? Why do we form groups in which the leader is granted perks above the rest of the group? Why is it that these perks are often disproportionately extravagant compared to the perks the rest of the group enjoys? A few examples:
Our President can fuck up royally, making poor decisions. The only consequence is losing the re-election. In the second term, there are no consequences. While some presidents have received intense scrutiny for more personal activities (Watergate, Lewinsky, Andrew Johnson for being southern) no president has been subject to oversight or post-presidential criminal charges. Of course this brings up the separate issue of: What are the penalties for a poor decision made in good faith? Further, is it even possible for a leader to continually make good decisions? Is it possible that you could take a monkey, lay the reasonable options on a table, and have the monkey pick one, and you either do or do not get quick FEMA aid to New Orleans?