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DrDan

(20,411 posts)
11. "short sighted" - exactly, but that has been the CEO trend since the 80's
Thu Aug 8, 2013, 06:47 AM
Aug 2013

quarterly results are the focus.

and how better to improve short-term results but to slash costs by downsizing, outsourcing and, hence, reducing salaries

long-term planning has no place in today's corporate strategy

Good article on point. nt Raine Aug 2013 #1
Another subtle thing about this that isn't talked about . . . Brigid Aug 2013 #2
It should be apparent to most workers of all ages, by now. Quantess Aug 2013 #4
So true liberal N proud Aug 2013 #14
My brother is in the same boat. He worked for many years as a civilian ship radio operator, and Nay Aug 2013 #40
I'm 65, but started drawing SS at 63 so I wouldn't Eleanors38 Aug 2013 #58
My bro will apply for SS next year; he's got that long to wait for age 62. He has worked all Nay Aug 2013 #69
It's a crappy situation. The ONLY things which saved Eleanors38 Aug 2013 #78
no this can't be right jollyreaper2112 Aug 2013 #35
Oh, it's a trap all right. Brigid Aug 2013 #71
no, it's a law. the article is kind of silly, i think. competition of various kinds makes it a law HiPointDem Aug 2013 #3
Exactly right Hi Point fasttense Aug 2013 #9
"Get rid of capitalism" - TBF Aug 2013 #15
Respectfully, replace it with what exactly? branford Aug 2013 #22
You are not accounting for what made capitalism work in the first place... Moostache Aug 2013 #24
I fully agree with much, although not all, of your comment. branford Aug 2013 #25
Excess breeds excess pscot Aug 2013 #46
After the revolution, you will still need a job and probably want an iad. n/t branford Aug 2013 #49
What is an iad? HangOnKids Aug 2013 #72
I, too, do not have an ipad, but I believe you understood my point. branford Aug 2013 #79
I thought an iad might be an acronym for something HangOnKids Aug 2013 #81
All good. branford Aug 2013 #86
Oh no, not this again! Kingofalldems Aug 2013 #125
well, at least you weren't texting and driving... AmyStrange Aug 2013 #102
Don't have a car, so not a problem :) branford Aug 2013 #104
So have I... AmyStrange Aug 2013 #105
Here in NYC, I think people just expect you to be preoccupied when walking on the street. branford Aug 2013 #106
I've been to NYC AmyStrange Aug 2013 #108
There's nothing greater than the City! branford Aug 2013 #109
HA HA HA... AmyStrange Aug 2013 #110
Politics is a creature of economic. As is society... socialist_n_TN Aug 2013 #94
How the hell do you (or anybody else) KNOW that capitalism is the.... socialist_n_TN Aug 2013 #93
Ah, the old canard, "Socialism, next time we'll get it right." branford Aug 2013 #101
So you're obviously OK with the capitalist military....... socialist_n_TN Aug 2013 #130
Now that was one great fucking post. You win! Enthusiast Aug 2013 #139
Capitalism is the economic system in all first-world (and most other) countries, not just the USA. branford Aug 2013 #145
I do not know of a single human being that is Enthusiast Aug 2013 #146
Then we have very many areas of agreement. branford Aug 2013 #148
Has capitalism lifted people or has the opening up of markets lifted people? fasttense Aug 2013 #26
I admit that no economic system is "pure" branford Aug 2013 #29
Capitalism compliments new markets and technologies or simply exploits them? fasttense Aug 2013 #38
Great work. Starry Messenger Aug 2013 #53
India and China are developing countries. branford Aug 2013 #56
no, they're countries that were deliberately & forcefully *undeveloped* by british (& later US) HiPointDem Aug 2013 #100
So why is it taking so long for India to develop???? fasttense Aug 2013 #147
PLUS ONE! Enthusiast Aug 2013 #140
"China and India are currently the perfect examples." That's an ironic comment, given the history. HiPointDem Aug 2013 #91
Democracy in the workplace blackspade Aug 2013 #27
Moondragon thrives in a capitalist system. branford Aug 2013 #32
Actually capitalism does prohibit just that. fasttense Aug 2013 #43
Using Walmart as a prop for your opinions on capitalism blackspade Aug 2013 #44
Capitalism *does* prevent it. For example, the Green Bay Packers were a successful community- HiPointDem Aug 2013 #95
That is an excellent point. Enthusiast Aug 2013 #141
Typical RW argument PowerToThePeople Aug 2013 #33
Right wing? Really? branford Aug 2013 #36
liberal. PowerToThePeople Aug 2013 #48
Well put Power. n/t fasttense Aug 2013 #54
If you are serious about what you wrote: fasttense Aug 2013 #51
The labels don't matter - TBF Aug 2013 #131
capitalism has not lifted people out of poverty. it has lifted the general standard of living & HiPointDem Aug 2013 #87
how about the type of social safety net system like they have in Northern Europe and Scandinavia CreekDog Aug 2013 #114
I would encourage such proposals. branford Aug 2013 #120
So we should rid capitalism of unions, safety and environmental regulations and minimum-wage laws? Enthusiast Aug 2013 #138
Respectfully, did you even read my full, original post, no less any of the follow-ups? branford Aug 2013 #143
+1 leftstreet Aug 2013 #60
Nailed it Hydra Aug 2013 #124
Yes, it's a "law" of capitalism, so to speak. cheapdate Aug 2013 #20
Markets are almost never perfectly competitive Hippo_Tron Aug 2013 #112
Competitors already exist, so barriers to entry are immaterial. If walmart raises wages, HiPointDem Aug 2013 #113
Who will put Wal-Mart out of business if their wages go up $1 per hour? Hippo_Tron Aug 2013 #116
maybe no one. but competitors are multiple, and all can steal market share. which reduces HiPointDem Aug 2013 #119
Any loss of profit would be minimal Hippo_Tron Aug 2013 #121
maybe. maybe not. walmart apparently feels differently. do you think it's sheer bloody-mindedness HiPointDem Aug 2013 #122
Yes, I do... Hippo_Tron Aug 2013 #123
motto of capitalism = grow or die. if you're not making at least that 3% growth, you're dying. HiPointDem Aug 2013 #126
What does growing have to do with paying your employees as little as legally possible? Hippo_Tron Aug 2013 #128
there's growth & there's growth. costco is a pygmy compared to walmart & a kind of niche HiPointDem Aug 2013 #136
Well said.... Demo_Chris Aug 2013 #117
The author isn't a critic of capitalism, he's an Oppenheimer/Merrill Lynch shill who got busted HiPointDem Aug 2013 #118
Large scale labor strikes are the only solution. DontTreadOnMe Aug 2013 #5
Perhaps coming soon to a workplace near you. n/t Brigid Aug 2013 #7
People on minimum wage have nothing really to lose DontTreadOnMe Aug 2013 #8
Except their lives, Throckmorton Aug 2013 #19
Well, there was plenty of firepower during the massive Eleanors38 Aug 2013 #66
They have learned that lesson, Throckmorton Aug 2013 #135
Tell me how that works ceonupe Aug 2013 #30
Here is "how" it works... DontTreadOnMe Aug 2013 #31
What about those unemployed ceonupe Aug 2013 #41
so if they are unemployed NOW, they can stay unemployed for another week DontTreadOnMe Aug 2013 #42
That right there ... oldhippie Aug 2013 #45
you are unrealistic. How do you strike if everyone does not strike. DontTreadOnMe Aug 2013 #47
In NC ceonupe Aug 2013 #55
All those questions were asked on the eve of the union movement. Eleanors38 Aug 2013 #68
These workers aren't unionized ceonupe Aug 2013 #70
I'm open to suggestions. Eleanors38 Aug 2013 #75
So we should just do what the republicans say, I guess. Kingofalldems Aug 2013 #37
No we get ceonupe Aug 2013 #50
"do to eviction" HangOnKids Aug 2013 #74
ok so i cant spell ceonupe Aug 2013 #92
Thnx Egnever Aug 2013 #6
People want more for less all the time The2ndWheel Aug 2013 #10
"short sighted" - exactly, but that has been the CEO trend since the 80's DrDan Aug 2013 #11
Tell this to all the anti union co workers! B Calm Aug 2013 #12
Books like "Think and Grow Rich" pipoman Aug 2013 #13
Ford was right. But B-school graduates think he was silly. tclambert Aug 2013 #16
Ford basically thought to himself, Brigid Aug 2013 #23
sam walton was pipoman Aug 2013 #137
And in "How to be Rich" J. Paul Getty says ZRT2209 Aug 2013 #64
du rec. xchrom Aug 2013 #17
Besides "a choice," I like to call it "Greed" Ilsa Aug 2013 #18
short-term gain is the only thing corporate controlers see,.. Civilization2 Aug 2013 #21
Like the world economic systems before it, Capitalism is blackspade Aug 2013 #28
Tell that to the formerly destitute rural Chinese who now have electricity and medical care. branford Aug 2013 #34
You mean the ones that now work in sweat shops blackspade Aug 2013 #52
Quite frankly, yes, I do mean those workers. branford Aug 2013 #57
You have a profound misunderstanding of capitalism. blackspade Aug 2013 #62
The cheerleaders for the 1% often suffer from that malady. n/t HangOnKids Aug 2013 #76
Indeed. blackspade Aug 2013 #77
Coal did that, not Capitalism leftstreet Aug 2013 #65
It is a law of capitalism that paying people as little as possible can cause business failure Coyotl Aug 2013 #39
Low wages are not just about money. It's also about power and control. limpyhobbler Aug 2013 #59
It is a law of capitalism treestar Aug 2013 #61
I completely agree. branford Aug 2013 #67
At least a law of corporate/stock market capitalism. moondust Aug 2013 #73
If people could not incorporate treestar Aug 2013 #80
Growing one's business is the idea. moondust Aug 2013 #84
suddenly businesses feel entitled to slave labor ZRT2209 Aug 2013 #63
It is a law in America, just not a law of capitalism. Egalitarian Thug Aug 2013 #82
this is mythology. they never tell you how ford subsequently *lowered* wages. HiPointDem Aug 2013 #96
No, he was not a great guy, he wasn't even a human being by any civilized standard, Egalitarian Thug Aug 2013 #103
I read your link. The suit wasn't about wage levels. The suit was about ford not paying a HiPointDem Aug 2013 #111
In addition to his other "fine" qualities, Ford was also a rabid anti-semite! branford Aug 2013 #115
So what does that have to do with high wages? Kingofalldems Aug 2013 #127
Indeed. I figured that was included under racist. He was a big supporter of Hitler. n/t Egalitarian Thug Aug 2013 #133
Still trying to pick myself up off the floor after seeing Henry Blodget's byline on this . . . stranger81 Aug 2013 #83
omg, written by an oppenheimer/merril lynch analyst. that would explain why this article is so HiPointDem Aug 2013 #99
The problem with unfettered capitalism is that it respects no laws... Wounded Bear Aug 2013 #85
Companies didn't act this way 60 years ago. Hell companies didn't act this way 40 years ago. liberal_at_heart Aug 2013 #88
Organized labor, and the political Left, had power then leftstreet Aug 2013 #89
that is sadly true. liberal_at_heart Aug 2013 #90
they did -- just not so much in the US. HiPointDem Aug 2013 #97
I always struggle with conceptualizing the type of business Republican policies are targeted at Sen. Walter Sobchak Aug 2013 #98
I recommend this libodem Aug 2013 #107
Unfortunately, to the capitalists in power it's the holy grail. NorthCarolina Aug 2013 #129
It's not a law of capitalism but it IS a law of cannibalism. Kablooie Aug 2013 #132
YEP! Rex Aug 2013 #134
Back in the 1980s the workers where I worked accepted to take a 5% wage cut B Calm Aug 2013 #142
Capitalism has one law ... maximize profits! Eddie Haskell Aug 2013 #144
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