"The idea that corporate leaders should take responsibility for the community rather than paying taxes to the government so the community can take care of itself..."
Right... like Walmart (and others) shifting the healthcare costs of their underpaid workers to the community (Medicaid) *and* not paying their share of taxes. Win-win for the…
"The idea that corporate leaders should take responsibility for the community rather than paying taxes to the government so the community can take care of itself..."
Right... like Walmart (and others) shifting the healthcare costs of their underpaid workers to the community (Medicaid) *and* not paying their share of taxes. Win-win for them.
If you spend your money at these types of sleazy businesses, don't expect much of it to come back to your community, or any community.
I hear sponsorship lines on NPR about the Walton Foundation, and it seems to me that it’s a rearguard action to fix problems their very monopolistic practices have helped to cause.
A large part of the reason the economy boomed in the 50’s was due to stakeholder capitalism —business does best when all the stakeholders do well. An early version of this was Henry Ford paying his workers more than other car manufacturers so they could afford to purchase his cars.
Milton Friedman said in the mid-60’s that stakeholder capitalism was wrong. Business does best when the owners(shareholders) do best so they have the money to re-invest in their businesses (shareholder capitalism). After watching the decimation of the working class and stock buybacks, Friedman admitted at the end of his life he hadn’t foreseen his theory’s unintended consequences and effects on the US. Huh? After The Gilded Age?
Except, don't conflate the robber barons' agenda. Saying he magnanimously paid his workers more so they could buy his cars gaslights his real agenda - selling more cars and making more money, but not actually supporting workers. They are faceless here. Pardon the pun, they were just the vehicle for his greed. Arbeit macht frei.
"The idea that corporate leaders should take responsibility for the community rather than paying taxes to the government so the community can take care of itself..."
Right... like Walmart (and others) shifting the healthcare costs of their underpaid workers to the community (Medicaid) *and* not paying their share of taxes. Win-win for them.
If you spend your money at these types of sleazy businesses, don't expect much of it to come back to your community, or any community.
I hear sponsorship lines on NPR about the Walton Foundation, and it seems to me that it’s a rearguard action to fix problems their very monopolistic practices have helped to cause.
A large part of the reason the economy boomed in the 50’s was due to stakeholder capitalism —business does best when all the stakeholders do well. An early version of this was Henry Ford paying his workers more than other car manufacturers so they could afford to purchase his cars.
Milton Friedman said in the mid-60’s that stakeholder capitalism was wrong. Business does best when the owners(shareholders) do best so they have the money to re-invest in their businesses (shareholder capitalism). After watching the decimation of the working class and stock buybacks, Friedman admitted at the end of his life he hadn’t foreseen his theory’s unintended consequences and effects on the US. Huh? After The Gilded Age?
Except, don't conflate the robber barons' agenda. Saying he magnanimously paid his workers more so they could buy his cars gaslights his real agenda - selling more cars and making more money, but not actually supporting workers. They are faceless here. Pardon the pun, they were just the vehicle for his greed. Arbeit macht frei.