Why there is runaway CEO pay?
Runaway CEO pay is actually proof of a non-free market economy. In a true free market economy no business with any kind of runaway pay can survive. What the US have is actually a government driven inflationary spiraling economy. What they call growth is actually inflation produced by government giving out free money on an individual basis and raising the cost of living itself each year. Otherwise, who knows if we would have had any true growth in the last twenty years? In a true free market system the amount of labor and pay is directly connected and the currency is supposed to represent a fixed amount of gold backup. Sure, a civilization must have laws, but in the final analysis the real true disciplinarian is the economy itself. We have laws on the book now to control crime, illegal immigration, drugs, and anything you can think of, but everything is out of control and is only going get worse. This welfare state economy is an enabler that promotes a lack of individual responsibility
