[Sunnyflorida]

"It's wrong, not to mention unkind, to confuse the desire for "fairness" with Marxism"

Well the issue is how the fairness is delivered. You are not a marxist if you desire and go after fairness through your own industry, but it is marxist if you achieve your "fairness" by confiscating my assets other than labor.

Devaluing jobs over time is nothing new. You tell a guy running an injection mold that he may have been overpaid.

You're lucky. I talk to hedgees EVERYDAY. Well almost everyday. It's oppressive but profitable.

[durasell]

"Fairness" in a capitalist system is more or less what you can get while following the laws. In this respect collective bargaining/unions are fair. They may go against the grain of American individualism, but they're fair.

The guy running the injection molding machine wasn't overpaid. The market had simply set a new price on his expertise. It went from $15 or $20 bucks an hour to 50 or 75 cents an hour. That's a conversation I wouldn't relish having with anyone. "Hey pal, the thing you spent the last decade doing for eight hours a day -- the job that has paid the mortgage, fed the kids and makes you a hero to your family -- is now worth five bucks a day."

The hedge fund guys are just the latest thing. Twenty years ago it was the M&A guys and the arbitrageurs (love that word). And before that it was the go-go years brokers, who followed the bond brokers...