Tag: corporations
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Liberals and ‘libertarian populists’ are wrong: politics isn’t a zero-sum fight between corporations and the poor – Ezra Klein
Washington Post: Liberals and ‘libertarian populists’ are wrong: politics isn’t a zero-sum fight between corporations and the poor – Ezra Klein …Positing this zero-sum death struggle between corporate America and poorer Americans is the key to the emergent arguments around “libertarian populism.” The basic idea there is that if Washington would simply close its doors…
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Why Some Companies Seem To Last Forever
Business Insider: Why Some Companies Seem To Last Forever … What explains this longevity? Stanford Graduate School of Business Professor Charles O’Reilly calls it "organizational ambidexterity": the ability of a company to manage its current business while simultaneously preparing for changing conditions. "You often see successful organizations failing, and it's not obvious why they should fail," O’Reilly says. The…
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Economic Fallacies: “Capitalism Based on Greed”
The "Capitalism Based on Greed" fallacy says that greed and selfishness are inherent in capitalism. The assertion that capitalism is based on greed and selfishness is one of the most common fallacies. This fallacy has many layers, but we must first acknowledge that greed exists within capitalism, just as it does in every economic system!…
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Why the Boston Hoax Story is about the Triumph of Capitalism
Professor Bainbridge: Why the Boston Hoax Story is about the Triumph of Capitalism On a serious note, this episode reflects the triumph of capitalism. These two yahoos look exactly like the sort of neo-hippie/anarchists that trashed Seattle back in 1999 and still engage in various forms of counter-culture street theater to this day. Yet, these…
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Capital Ideas
One of the fundamental rules for using Scripture is to avoid reading our culture into the text. Scripture was written into a particular context. When we read about economic issues, we must read them within context. What has changed about economics since the Bible times? A Lot! Most people have worked in agriculture over…