Time to Get Heretical

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 to define the measure and means of how one should live his/her life. Their faith in the capitalistic dictum of maximizing material self-interest has become so powerful that they believe it to be the answer to all societal problems. Continue reading

Rethinking a Fixed System

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 all action. Continue reading

What’s a Frog To Do?

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 death.  However, the same frog, placed in a body of water that is too hot for survival will immediately leap out. Continue reading

We Shape The Leaders We Get

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 very people who are living a work-a-day life in their organization exchanging their labor for a weekly paycheck? Why is it that the CEO seems to always satisfy his/her material self-interest irrespective of the performance of the corporation? Continue reading

A Wake Up Call

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 so much ground is not the problem, though it is symptomatic of a serious problem.  The fact that our elected officials (the representatives of the people of society) are not just emissaries but employees of those contributing vast amounts of money to their livelihood is not the problem, though it is symptomatic of a serious problem.  I could go on almost endlessly, but the point is that these are just effects of our problem. Continue reading

Reflection #3 on Occupy Wall Street

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 have-nots. Continue reading

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 out the homeowners.” Continue reading

Rethink or Reload

In his OP-ED column in the New York Times, Thomas Friedman briefly summarizes two books, “The Great Disruption” by Paul Gilding and “The Power of Pull” by John Hagel III, John Seely Brown & Lang Davison that each speak to the many social protests (a.k.a. The Great Disruption) we are seeing throughout the world—Occupy Wall Street is among these.   Continue reading

The Indignation of the Immune

In a recent article by Paul Krugman spoke to the whining from the elite in Wall Street who believe that the good that they have done for society is not understood, claiming that “finance is the only thing America does well.”

 

Not only is it telling of where we are as a society that there is immunity for those who perpetrated this situation—injustice persists—it is even more telling that there is immunity to change among our elected officials.  Yes the very same people who were elected to serve the collective ‘we’ of society.  Moreover, with those actively participating in Occupy Wall Street being characterized as a bunch (or is it a mob) of miscreants and malcontents deserving of disparaging remarks, by even the news journalists, is telling of a sad state of affairs. Continue reading