“The WEF’s Schwab says capitalism’s original distinction between the entrepreneur and the salaryman has been corrupted by excessive pay. He says top managers should not earn more than 20 times their lowest paid worker.” (Source: Reuters)
Does Mr Schwab practice what he preaches at WEF? Any of his lowest paid workers want to answer that question?
The future of capitalism is not the right question anyway. The real question is about the future of democracy and the future of economic growth in a geopolitically-changed, resource-constrained world.