Time for the U.S. Economy to Reindustrialize [View article]
On Nov 15 08:19 AM Michael Clark wrote:
>>We need more than the 'bottom line' philosophy. Enhancing shareholder value is NOT the only viable creed for business. Japan has a 'employee for life' philosophy.<<
And Japan has economically stagnated (or worse) for the last 20 or so years. No system is perfect, but "bottom line/enhancing shareholder value" capitalism (accompanied by reasonable safety and environmental regulation and, for the financials, leverage regulation) is the "continually reinvigorating" best of them.
Time for the U.S. Economy to Reindustrialize [View article]
>>We need more than the 'bottom line' philosophy. Enhancing shareholder value is NOT the only viable creed for business. Japan has a 'employee for life' philosophy.<<
And Japan has economically stagnated (or worse) for the last 20 or so years. No system is perfect, but "bottom line/enhancing shareholder value" capitalism (accompanied by reasonable safety and environmental regulation and, for the financials, leverage regulation) is the "continually reinvigorating" best of them.