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Archive for the ‘Progress’ Category

Capitalism is so much held in reverence that for some it is like a religion.  In fact people proudly proclaim I’m a capitalist!  Seemingly it provides the guiding principle for behavior and thus the basis for how to structure life. In effect (putting their faith in capitalism) people have allowed the pursuit of (personal) wealth [...]

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Is the system broken?  No, not at all!  It is fixed just as desired.   Our economic system has no (explicit) concern for ‘we’ in its design, it is all about ‘me’ getting what I can for ‘myself’—it is best labeled an egoistic economic system.  The pursuit of material self-interest is the guiding principle for [...]

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Ever wonder why so many of the top executives of corporations are similar in character? Why is it that many accept a huge compensation package while at the same time communicate that it is necessary to cast off many people for the sake of competitiveness? Why is it that many CEO’s seem disconnected from the [...]

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The fact that Wall Street and other corporate executives are not only allowed but helped in gaining so much from the general public while they generally thumb their nose at the general public is not the problem, though it is symptomatic of a serious problem.  The fact that more and more people continue to lose [...]

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If the Occupy movement is to succeed then it must lead us to understand that the economic system is not broken but that it is fundamentally flawed. What we are experiencing is nothing but an ill-conceived system taken to its inevitable conclusion: The privatization of society and the growing divide between the haves and the [...]

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What If

Jonathan Askin, Professor at Brooklyn Law, characterizes the people of Occupy Wall Street as a 21st Century reincarnation of the What If Generation of the 1960’s Vietnam Protesters.  As Askin noted, instead of asking, “what if there was a war and nobody came” today’s protesters are asking such questions as “what if we had bailed [...]

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Neal Gabler, in a New York Times article, claimed, “ideas just aren’t what they used to be.  Once upon a time, they could ignite fires of debate, stimulate other thoughts, incite revolutions and fundamentally change the ways we look at and think about the world.”  Grabler also argued that the cause of the reduction in [...]

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Just how valid is the idea that privatization of society’s services to its citizens ensures the highest quality of service to people in society?  Let’s critically analyze by understanding the precepts of the private economic enterprise. 

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A New York Times article, Lessons in Longevity From I.B.M., by Steve Lohr used IBM reaching the 100-year old mark to call attention to practices that contribute to an organization’s longevity.  A noteworthy point made is that past success can impede future success.  The article seems to suggest that all companies will lose their dominance [...]

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Because economic theory and practice touches much of life in society, its practice has far-reaching implications.   In a recent New York Times OP-ED article Thomas Friedman describes the effects of our consumer-driven growth model of economics upon our future.

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