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The Wealth of Nations versus Das Kapital in no more than fifty words.

 

The vast majority of companies are owned by their shareholders. The major shareholders are financial institutions. The companies and financial institutions are run by employees who must comply with their business plans. In the case of the companies the business plan is to make the shareholders happy. In the case of the financial institutions it is to maximise the return from their investment. Even social costs ( Detroit, Chicago ) do not enter into the equation, let alone quality of product and the long term health of the company.
The concept of a sound business plan is false. All such plans are based upon ' ceteris paribus ' and are, therefore, merely hope. The banks had the most advanced plans of any sector and we all know what happened to them, and us.
The concept of the entrepreneur is largely redundant. Management is no longer a separate piece of the economic model, but just another part of labour.
A contented labour force is beneficial to all. A union presents a unified body for negotiations regarding working conditions etc. This should be seen as a good thing as one agreement covers all the labour force. This does not always happen, primarily because too many managers still adhere to the master/servant concept, even though they are employees and not bosses.
The fact there is a concept of a ' minimum wage ' indicates just how prevalent is the idea of exploiting the work force.
The bottom line is we are all being manipulated by a financial sector which is careering out of control and, because of the vested interests of our Governments, nobody's at the wheel.
Well, that's it then. A bit more than fifty words, buy who's counting?

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