From a deluded obsession with superstars over substance, Indian cricket must undergo an identity overhaul back to its sacred pursuit of team excellence and world domination across formats. This is a wake-up call to slay the cult of toxic individualism sabotaging championship glory - https://abeautifulmess.substack.com/p/cricketainment-indias-toxic-obsession
Shatters vain
delusions of fame
Teamwork conquers all
@Ralph058 He's always been a bum who survived exclusively by using the tactics available to the morbidly rich and corrupt elites of the western world. The entire system is designed to ensure the survival and success of such folks. #meritocracy
'Part lottery, part systematic exclusion': three artists speak about the limitations of the meritocratic approach, and imagine how the art world could do things differently.
@luckytran i‘m sorry if I simplify this too mucn but the pattern I see is people utterly underqualified getting into positions of power. In my opinion, having significant merit in a topic (diplomas, work experience, published papers, etc) should become a hard criterion to get access to a position like this. I know people with less obvious expertise have made good decisions but less obvious does not mean none.
The average salary for skilled labor (ignoring the compensation for unskilled labor... which are still substantially difficult jobs) at the same companies ranges around $150k/year (source: https://www.indeed.com/cmp/S&P-Global/salaries)
If compensation actually reflected effort and time (assuming the skill of managing finances is about the same as learning to program), then we are saying that CEOs work 111x harder than the averaged skilled worker. According to US labor statistics, the average worker works 34.6 hrs/week. Let's round up and assume that the skilled labor jobs are more like 50hrs/week to be safe. This means that CEOs should be working an average of a 5,550hr a week.
Now clearly that can't happen. So let's even say that the effort of a CEO is 10x harder than that of a manager or programmer (which would be nearly impossible for any human to put in that much effort). This brings the expected hourly work week for a CEO to 555hrs a week (out of 168 total hours a week). Again, there is no physical way in the universe for someone to work 555hrs a week.
Thus, compensation is not reflective of actual effort or time. Modern capitalism is not a meritocracy.
(I know that someone will bring up "risk" but most CEOs have golden parachutes that mitigate any actual personal risk of making poor decisions).
investigative report tells how morbidly rich families, their companies, & their personal foundations are funding efforts to limit/restrict democracy across U.S.
Economists, Millionaires, Elected Officials to G20: Tax Extreme Wealth
"Accumulation of extreme wealth by world's richest individuals has become an economic, ecological, human rights disaster" https://inequality.org/research/g20-tax-extreme-wealth