VARIATIONS ON AMERICAN CAPITALISM
source: http://therealnews.com/t2/index.php?option=com_content&task=view&id=33&a...
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- COMMONSENSEFORCOMMONGOOD_COM
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"Americans should not believe that the American way's the only way to run capitalism."
"an unholy alliance between the professional managers and floating shareholders. So floating shareholders demand short-term profit. The best way to get short-term profit is to sack everyone you can think of, not invest in anything that brings a return in the long-term--equipment, research, training."
"professional managers actually do not care, because by the time the effect of these decisions kick in and your company decline, probably you are in another job. You know. Maybe you are retired."
So states Ha-Joon Chang in his claim that companies should not be run in the interest of their owners, from his book "23 Things They Don't Tell You About Capitalism".
"Go to Germany. I mean, all the major companies have two-tier board structure, and on top of the managerial board, you have this supervisory board where half the members are selected by the trade unions. And this supervisory board has to give approval to big decisions like shutting down plants, agreeing to the merger or taking over some other company. And as a result, a lot of, naturally, resistance have been built into the system towards this American-style hostile takeover. In the whole 60 years of history of post-Second World War German history, there were something--only two or three hostile takeovers of any major company. And the German economy's as [inaudible] well as the American economy."
The reality is, that the small country of Germany exports more goods than the United States and also exports more than even China does! Yet, they have a high standard of living, and, features the world's OLDEST UNIVERSAL HEALTH CARE! They must be doing something right. How often have you heard of Germany being involved in an international conflict since WWII?
http://therealnews.com/t2/index.php?option=com_content&task=view&id=33&a...
http://current.com/11i694c
"an unholy alliance between the professional managers and floating shareholders. So floating shareholders demand short-term profit. The best way to get short-term profit is to sack everyone you can think of, not invest in anything that brings a return in the long-term--equipment, research, training."
"professional managers actually do not care, because by the time the effect of these decisions kick in and your company decline, probably you are in another job. You know. Maybe you are retired."
So states Ha-Joon Chang in his claim that companies should not be run in the interest of their owners, from his book "23 Things They Don't Tell You About Capitalism".
"Go to Germany. I mean, all the major companies have two-tier board structure, and on top of the managerial board, you have this supervisory board where half the members are selected by the trade unions. And this supervisory board has to give approval to big decisions like shutting down plants, agreeing to the merger or taking over some other company. And as a result, a lot of, naturally, resistance have been built into the system towards this American-style hostile takeover. In the whole 60 years of history of post-Second World War German history, there were something--only two or three hostile takeovers of any major company. And the German economy's as [inaudible] well as the American economy."
The reality is, that the small country of Germany exports more goods than the United States and also exports more than even China does! Yet, they have a high standard of living, and, features the world's OLDEST UNIVERSAL HEALTH CARE! They must be doing something right. How often have you heard of Germany being involved in an international conflict since WWII?
http://therealnews.com/t2/index.php?option=com_content&task=view&id=33&a...
http://current.com/11i694c
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- tags:
- Economy, Germany, Universal Health Care, Trade Unions, 5 more
