This past Saturday was Constitution Day.
Tag Archives: American Dream
Let’s Really Build America!
I really get tired when folks claim to do something- but either never follow through- or had no desire to do anything in the first place.
Labor’s Lament
Note: This post was written back on 19 August (the last picture was added this morning, though), when this malarkey ad appeared in the Wall Street Journal. Nothing has happened to change my reaction, for which I decided Labor Day was the proper day for my response to be made public.This great proclamation, all of 300 words, is primarily window dressing. Nowhere will you find the one promise that is needed- to cut executive pay and use those funds to raise worker pay. Just 7 CEO’s refused to sign, but that means that 181 of the Business Roundtable’s 188 members did.
A Sad Day
50 years is a long time. It’s even tougher when you have to imagine what might have been.
Back then, I was a disciple of someone you probably never heard of. Allard Lowenstein. Except I knew him as Al.
THE Letter
I started two days ago discussing the change in the way corporations work. That change started some 30 years ago, given the permission by Dr. Milton Friedman, when corporations abrogated the social contract (between business and its employees, between business and their local communities) that had obtained since the industrial revolution. But, just this month, the founder and CEO of the largest single investor in corporations, Laurence Fink of BlackRock, Inc., implored the executives of some 1000 firms in the US and worldwide to re-engage in that social contract.
The End of Friedman’s Doctrine?
After my missive yesterday, why would I believe there is a chance for change?
The Hard Road We Hoe?
I know, you think I bring this up too often. That economic inequality is going to destroy our nation.
And, you are surprised?
We spoke yesterday (Brother, can you spare a dime?) about the sad situation that pertains in the US economy. That even though the economy is supposedly limping along, businesses are husbanding cash and not investing in new technology and machines. And, then complain that productivity is not increasing.
Economic Distress
I remember when candidate Ronald Reagan would prance about asking “Are you better off today than you were four years ago?” It was his effective mantra to become the US President.
Shattered Dreams?
This has been in my queue for a while now. Now that it’s public, I will share some insights about this deal.