The Capitalist Manifesto — How to Modernize Capitalism from Feudalism to DemocracyThe most illuminating analogy for today’s corporate leadership is this: our CEOs are like feudal warlords in Afghanistan.
They’re all-powerful dictators. Exerting one-man rule by decree. Driven by a looter’s mentality: they constantly reward themselves with untold riches, no matter how well or how badly the business is doing. They have the morality of con men. If exiled, they abscond unscathed with massive treasure jokingly called golden parachutes. While in power, they can banish thousands from the tribe in mass lay-offs, to cover for the huge mistakes they make as unaccountable dictators. Life in a modern American corporation is about as democratic as Germany under Hitler or Russia under Stalin. Our CEOs are today’s version of Genghis Khan.
