ANALYSIS AND OPINION
Tesla shareholders have just awarded Musk another bonus the value of which appears to range anywhere from $23 to $29 billion. This is probably in lieu of the original $50 billion bonus which has run into legal trouble in Delaware. Is democracy further threatened? Are oligopoly and/or dictatorship here? Or just on the horizon? For decades now there has been a widening wealth gap between rich and poor. Fairness of pay is but one aspect of this serious problem.
Capitalism and free markets are great. History has shown that they are the best way for society to generate wealth. But like nuclear power, which can unleash untold amounts of energy, capitalism and free markets can cause problems, just like an insufficiently contained nuclear power generator. The freer the economic system is the more likely it is that wealth and thus economic and often political power will accumulate in the hands of fewer and fewer people. This is why, on the economic front, we have laws preventing/restricting monopolies. The point is that laws have to be enacted that prevent the accumulation of too much wealth and thus economic and hence political power into the hands of just a few people, or a dictator.
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