Tag Archives: Government

Has Capitalism Reached A Turning Point?


By Steve Denning – The entrenched interests are mutually reinforcing, as society as a whole has come to accept the practices and ideology of 20th Century management as inevitable.

The C-suite is offered extraordinary compensation by their boards for implementing the practices. Business schools teach their students how do it.

Institutional shareholders are complicit. Regulators pursue individual wrong-doing rather than addressing systemic failure. Rating agencies reward malfeasance. Analysts applaud short-term gains and mostly ignore long-term rot.

Politicians, lavished with campaign contributions, stand by and watch. In such a context, it isn’t easy for any individual business leader to take a stand and say: this is simply not right.

It’s the entire society that needs to change. more> http://tinyurl.com/p4as2xl

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Nobel Peace Prize laureate Obama makes case for war


By Dana Milbank – This is how a Nobel Peace Prize laureate goes to war.

He admits his country’s own flaws, praises “the path of diplomacy and peace,” and asserts that lasting gains cannot be “won at the barrel of a gun.”

“No god condones this terror. No grievance justifies these actions. There can be no reasoning, no negotiation, with this brand of evil. The only language understood by killers like this is the language of force. So the United States of America will work with a broad coalition to dismantle this network of death.” more> http://tinyurl.com/qhpbnd7

Afghanistan’s Failed Transformation


By Ahmed Rashid – John Sopko, the special inspector general for Afghanistan reconstruction, apparently is the only official in Washington who dares speak truth to power.

In a Sept. 12 speech at Georgetown University, he said that Afghanistan “remains under assault by insurgents and is short of domestic revenue, plagued by corruption, afflicted by criminal elements involved in opium and smuggling, and struggling to execute basic functions of government.”

His comments were largely ignored by the American media.

And yet anything less than a heavy dose of honesty and fresh thinking by Afghans and their Western supporters will almost certainly mean the relapse of Afghanistan into civil war and the emergence of groups even more extreme than the Taliban, as has happened in Iraq and Syria. more> http://tinyurl.com/qz7uuwb

American families are stuck in a lost quarter century


By Matt Phillips – Auto sales are booming—but that’s largely because it’s so easy for consumers to get loans.

In a consumption-dominated economy like the US, consumers need to spend.

And if consumers don’t have the wages to spend, the only way to keep the consumption engine going is by extending debt to people with extremely shaky finances.

That’s a recipe for a future full of financial crises. more> http://tinyurl.com/mf2obd3

The U.S. Tax Code Is Highly Uncompetitive


By Kyle Pomerleau & Andrew Lundeen – The recent string of corporate inversions—where U.S. companies move their headquarters to a new home—is a symptom of this problem.

The U.S.’s tax code, which is far out of line with other nations’, is driving investment overseas, reducing our economic potential.

Unfortunately, many politicians, instead of searching for solutions to improve the tax code, are looking for ways to make it worse. more> http://tinyurl.com/mf5nr3r

Take Away Harvard’s Nonprofit Status


By Annie Lowrey – There’s an old line about how the United States government is an insurance conglomerate protected by an army.

Harvard is a real-estate and hedge-fund concern that happens to have a college attached.

From a purely utilitarian perspective, there are causes that need that $350 million more. Groups like GiveWell are devoted to figuring out where a dollar does the most good. It recommends initiatives like deworming in very low-income countries.

Harvard, at the same time, is spending a billion dollars upgrading its coeds’ convenient, riverfront housing. If it wanted to maximize its $32 billion worth of utility, it could, say, admit more students, especially poor ones, reduce its focus on property development, and double down on its focus on research, which currently makes up $800 million of its $4.2 billion in annual operating expenses. more> http://tinyurl.com/lr6ldlt

Financialization in telecom


By George Mattathil – With all these things going on, one would think that there would be an earnest effort to find out what is wrong.

Instead, the preoccupation in the media and industry is with “net neutrality” confusion, which the FCC Chairman summed up: “the idea of net neutrality has been discussed for a decade with no lasting results.” more> http://wp.me/p4erPG-5j