Showing posts from February, 2012

Prisoner's Choice

In the past prisoner’s were kept in very poor conditions such as castle dungeons and fed on leftovers. With time humanity has advanced so that conditions of prisons have vastly improved. With that has increased the expense of maintaining these prisons.
Criminal are put in prisons for many reasons, the primary one being that society should be protected from criminals and that imprisonment is a deterrent for crime. There is also the hope that the criminal would reform. However, let us see if these aims are being met. First of all the expense is something that the public bears and because of it public debt rises. The living condition of prisons has improved to the extent that in most countries of the world prisoners get better food for free than a large segment of the population at large. There have been cases of persons who commit petty crimes just so that they can get free lodgings in prison. Recently there was the case of an old man who begged to be kept in prison after his sentence w…

Rule of Ten: How to rid capitalism of huge inequalties

Do you know?

That Chief Executives of many corporations make in a month what the lowest paid worker of the same organization would make in a life time (Thirty to forty years of work life)

With the legally binding rule of ten in place, it becomes in the interest of company bosses to increase minimum wages within their organizations to the extent possible, or their own wages cannot be increased, while making it impossible for them to collect huge and obscene compensations. All that is required is a simple law that prescribes the maximum permissible ratio between the highest and lowest compensation that any organization or corporation may have.
Recently there has been a hue and cry about the high salary and bonuses that some corporate executives, especially bankers are drawing. The occupy movement that has erupted in many countries around the world represents this anguish of people. New sources of communication make expressing the anguish public, yet there is a simple way to fix the pr…