Solidarity doesn’t mean they’re all in love and never squabble. But it does mean that they will prioritize their class’ interests, especially if it’s in conflict with labor.
I think that’s more coincidental than actual solidarity. They all just happen to have the same goals - pursuit of personal net worth high score. I’m sure there’s some collusion between a few of them though.
Solidarity doesn’t have to mean they like have a club with a secret handshake. Their goals are aligned, and they tend to work towards those goals, even without explicit coordination. It’s rare to see anyone in the ownership class work against those interests. You don’t see a lot of the owners saying “we should give people more time off” or “we should let the workers have a say”. It’s pretty consistently “we should squeeze people for more money”. It makes the news when ownership is like “We’re going to pay people more”, and it doesn’t make the news when labor is like “i’ll just work a little more off the clock to catch up”.
Contrast with labor, where people are often undermining their interests. Being anti-union, voting against regulations that would protect them from exploitation, giving away labor for free.
But CEO pay largely isn’t in conflict with labor; it’s in conflict with shareholders (namely, large scale investors). There are at least 3 fairly large groups of people who would all have to let the money run through their hands before labor sees a dime of current CEO pay. CEOs themselves (and, more broadly, C-suite), the shareholders (which you could subdivide by board-members vs hedge funds vs small investors), and governments (at various scales).
I don’t really buy this take. They have petty spats, noncompetitive practices, just like the rest of us. Seems like there are simpler explanations.
Solidarity doesn’t mean they’re all in love and never squabble. But it does mean that they will prioritize their class’ interests, especially if it’s in conflict with labor.
I think that’s more coincidental than actual solidarity. They all just happen to have the same goals - pursuit of personal net worth high score. I’m sure there’s some collusion between a few of them though.
Solidarity doesn’t have to mean they like have a club with a secret handshake. Their goals are aligned, and they tend to work towards those goals, even without explicit coordination. It’s rare to see anyone in the ownership class work against those interests. You don’t see a lot of the owners saying “we should give people more time off” or “we should let the workers have a say”. It’s pretty consistently “we should squeeze people for more money”. It makes the news when ownership is like “We’re going to pay people more”, and it doesn’t make the news when labor is like “i’ll just work a little more off the clock to catch up”.
Contrast with labor, where people are often undermining their interests. Being anti-union, voting against regulations that would protect them from exploitation, giving away labor for free.
But CEO pay largely isn’t in conflict with labor; it’s in conflict with shareholders (namely, large scale investors). There are at least 3 fairly large groups of people who would all have to let the money run through their hands before labor sees a dime of current CEO pay. CEOs themselves (and, more broadly, C-suite), the shareholders (which you could subdivide by board-members vs hedge funds vs small investors), and governments (at various scales).