I think his points on executive compensation vs labor-based compensation plus incentives are spot on. It&#x27;s this way because they <i>can</i> do it this way for their own gain. They also have influence in Washington to pull it off. Quite simple.<p>Of course, being a scientist, I prefer to judge something by its results. We can say exactly what our system&#x27;s design is doing by looking at what results from it and where those results show up. Spoiler: it&#x27;s a plutonomy or an economy that almost exclusively extracts wealth to concentrate in hands of richest few.<p>Citigroups internal analysis confirming we&#x27;re a modern plutocracy &amp; that illusion of upward mobility was critical:<p><a href="http:&#x2F;&#x2F;politicalgates.blogspot.com&#x2F;2011&#x2F;12&#x2F;citigroup-plutonomy-memos-two-bombshell.html" rel="nofollow">http:&#x2F;&#x2F;politicalgates.blogspot.com&#x2F;2011&#x2F;12&#x2F;citigroup-plutono...</a><p>Nice profile of the richest firms controlling the most wealth and their interlocking boards:<p><a href="http:&#x2F;&#x2F;www.projectcensored.org&#x2F;financial-core-of-the-transnational-corporate-class&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.projectcensored.org&#x2F;financial-core-of-the-transna...</a><p>That&#x27;s 161 directors managing $23.91 trillion in funds. Hard to imagine control of wealth distribution or incentives to take a slice getting more concentrated.<p>EDIT to add: Also relevant is this recent HN post with empirical evidence supporting rule by elite claim. If law and business structure are for elites, then <i>of course</i> they continue and expand economic inequality that benefits elites at the rest&#x27;s expense.<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=10965943" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=10965943</a>