As a fan of a wide variety of popular (and not-so-popular) music from the 1950s (and sometimes even earlier) up through the present, one of my bucket list projects for years has been to put together a list of my 100 favorite songs of all time. At some point I decided that, once I got around to figuring that out, I could put it out on a blog, for the infinitesimally small proportion of the Internet world that might be interested. So, here we are. While the Top 100 will be a major focus, I also plan to post on a variety of other musical (and occasionally non-musical) topics, in which you may or may not be interested. (If a particular posting doesn’t ring your bell, you’re only a few clicks away from a dancing cat video on YouTube.)

Sunday, January 6, 2019

Does anyone deserve such a paycheck?


 
Nice column from Steven Pearlstein.
 
“Markets … are social constructs, and the idea that they generate a distribution of income based on a purely objective measure of individual economic contribution is a fiction, nothing more than free-market ideology. When it comes to the distribution of income, there is no “pure” market. Any distribution is, by its nature, “political,” reflecting changing social norms and the distribution of political power.
 
“[If] we, as a society, decide that we find the current distribution of income unacceptable — if it offends our moral intuitions that a single financier earns as much in a year as 15,000 elementary school teachers — then it violates no great moral or economic principle to alter that distribution.”

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