Libertarians believe that if business is bogged down with regulations, it cuts into profits and makes it difficult to provide decent paying jobs to Americans. They'll tell you this is why corporations are outsourcing their work.
They don't say much about the CEO's pay cutting into profits. They have spoken about it on The Thom Hartmann Show, though, and have said that, in the grand scheme of things, the CEO's pay doesn't cut into the profits at all. They'll prove this by telling you how large the profits are, showing you just how small of a percentage of those huge profits the CEO's multimillion dollar compensation really is.
If you're sharp, you'll see the irony in the argument. If a multimillion dollar salary doesn't make a dent in a corporation's profits, why does that corporation feel the need to outsource its production work to places who pay their employees $1.00/hour?
The Libertarians' ultimate solution to this business/labor dilemma is to keep government out of the regulation business and allow corporations to regulate themselves. This is what Ron Paul believes, although he doesn't write much about labor on his web site.
I've worked for a multinational Fortune 500 corporation and in an article published at OpEdNews entitled "Shock Over Richards's Rant is Curious", I give an excellent example of just how well large corporations would do if allowed to self-regulate.
OpEdNews promotes itself as a site for "Tough Liberal, Progressive News and Opinion", although there have been many conservatives who have offered thoughtful commentary on articles published at OpEdNews. I imagine if there was an exceptional, factually based article written by a moderately conservative writer, OpEdNews may publish it.
However, make no mistake about it. Notwithstanding his passion to end the occupation of Iraq, Ron Paul is anything but a progressive. The man who appears to be a maverick Republican is not a maverick Republican. He's a libertarian who's too concerned with his personal success to register with The Libertarian Party, take his millions with him and run as a Libertarian.
The accolades that Paul is receiving from writers for a Progressive news outlet are very concerning.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
