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Posts Tagged ‘Business of business’

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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I assume most are familiar with the parable of the boiled frog.  Briefly, just to refresh your memory, a frog placed in a cool and comfortable body of water that is continually rising in temperature will not sense the incremental temperature change from the immediate past to present moment and remain in the water until [...]

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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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Occupy Wall Street is bringing to most everyone’s attention that we, the 99%, are not mere cogs in the economic machinery and those in the executive suite are not our overlords.  I applaud the courage and commitment of those standing up for the rights of citizens.

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Where are we headed? The significant finding in a recent US Census report (Income, poverty, and health insurance coverage in the United States: 2010) isn’t that the poverty rate is highest since 1993.  Rather it is that the poverty rate had been steadily declining between 1993 (15.1%) and 2000 (11.3%) and steadily increasing to its [...]

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Jared Bernstein’s recent article about the existence of two U.S. economies presents data showing the incongruence between corporate profit and (middle–class) compensation—the former with a steady increasing trend and the latter a steady decreasing trend.  These trends are not 2008 recession era trends they have been evident for decades.  The conclusion drawn from these is [...]

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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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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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Raising of the Middle Class In a recent research report (Addressing the Problem of Stagnant Wages) Frank Levy and Tom Kochan note: “In the three decades after World War II, a central feature of the American economy was a mass upward mobility in which each generation lived better than the last, and workers experienced earnings [...]

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