> It just seems like unsustainable absurdity for the primary purpose of rubbing everyone else's face in it. I suppose that's what makes some people good at being CEOs
The arrow points the other way: Power corrupts, corruption then loses power.
Spending resources on rubbing people's faces in 'it' doesn't produce anything of value; it wastes valuable resources on personal desires, which is corrupt.
A traditional model of Chinese history is the pattern of the dynastic cycle: The dynasty rises to power, then they are corrupted (I'm not sure of the model says 'corrupted by power' specifically) and decay, and then finally lose their mandate and fall.
Much better to have democracy, where you can vote them out much sooner and generally they can't stay for generations. And also, better to have well-governed corporations where the board is independent from the CEO.
The arrow points the other way: Power corrupts, corruption then loses power.
Spending resources on rubbing people's faces in 'it' doesn't produce anything of value; it wastes valuable resources on personal desires, which is corrupt.
A traditional model of Chinese history is the pattern of the dynastic cycle: The dynasty rises to power, then they are corrupted (I'm not sure of the model says 'corrupted by power' specifically) and decay, and then finally lose their mandate and fall.
Much better to have democracy, where you can vote them out much sooner and generally they can't stay for generations. And also, better to have well-governed corporations where the board is independent from the CEO.