We’re not talking about mere balance here . . . A visionary company doesn’t simply balance between idealism and profitability; it seeks to be highly idealistic and highly profitable . . . a highly visionary company doesn’t want to blend yin and yang into a gray, indistinguishable circle that is neither highly yin nor highly… Continue Reading
Tag Archives: capitalism
Occupy Wall Street: Have We Reached the Tipping Point?
If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality. ~ Bishop Desmond Tutu “In the wake of the global financial crisis, politicians… Continue Reading
The Financial Sector: Capitalist Bastion or Corrupt Oligarchy?
What exactly is the function of the financial sector in our society? Simply this: Its sole function is supplying capital efficiently to aid the real economy. The financial sector is a tool to help those that make real tools, not an end in itself. But five fatal flaws in the financial sector’s current structure have… Continue Reading
Lucy and the Charlie Brown Market
Lucy Van Pelt: This time you can trust me. See? I have a signed document testifying that I won’t pull it away. Charlie Brown: It is signed. A signed document. I guess if you have a signed document in your possession, you can’t go wrong. Maybe this is the year I finally kick that football.… Continue Reading
Shareholders vs. Stakeholders: Skipping Steps Is Costly
Some of the secret joys of living are not found by rushing from point A to point B, but by inventing some imaginary letters along the way. ~ Douglas Pagels Update: This article was a Best Overall Carnival Post nominee in the Money Hacks Carnival #114 posted at Nerd Wallet. Thanks! Today’s Friday Food for… Continue Reading
Capitalism: The Missing Links
Truth is not determined by majority vote. ~ Doug Gwyn Update: This article was included in the Money Hacks Carnival #113 at Learn Save Invest. Thank you! This is the third and final post in our mini-series introducing some basic thoughts on capitalism. In the last installment we asked Is Capitalism Broken? Whether you think… Continue Reading
Is Capitalism Broken?
What we have in America is socialism for the rich and capitalism for the poor. ~ Gore Vidal Update: This article is included in the Carnival of Financial Planning #138. Thanks! In the inaugural installment of this series on capitalism, we introduced Capitalism’s 3 Children: owners, managers, and employees. All of them have key roles… Continue Reading
Capitalism’s 3 Children
We live in a world in which politics has replaced philosophy. ~ Martin L. Gross, A Call for Revolution, 1993 Update: This article was featured in the Carnival of Financial Planning #137 posted at The Skilled Investor. Thank you! What’s the difference between politics and philosophy? It seems to me that philosophy is about searching… Continue Reading