tag:blogger.com,1999:blog-5724181159639068489.post4526354204238331755..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs: Everyone Did It So No One is GuiltyRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5724181159639068489.post-19571334317607031402011-02-28T20:34:22.229-05:002011-02-28T20:34:22.229-05:00Sounds familiar, no?
"
Run by the elite, de...Sounds familiar, no?<br /><br />"<br /><br />Run by the elite, developed secretly by the elite, the Fed poses as a public benefit when in fact its decisions are made by a handful of private men and the money it prints out of thin air must necessarily benefit the "powers that be" that created the Fed in the first place. It may be that historians look back and declare that the 20th century and parts of the 21st are to be known as the "Mercantilist Era."<br /><br /><br /><br />Unsustainability of Modern Capitalism<br /><br />John Perkins: I can't speculate on what might have happened if<br />corporations were not created but capitalism has been around for about<br />400 years and has taken many different forms. But in the last years<br />since the 70s, and particularly beginning in 1980 when Ronald Reagan,<br />then President of the United States, many leaders around the world<br />embraced what I call predatory capitalism, which is very well defined<br />by the economist, Milton Friedman, from the Chicago School of<br />Economics.<br /><br />Friedman said the only goal of business should be to maximize profits<br />regardless of the social or environmental costs. That was a radical<br />statement. When I went to business school in the 60s, we were taught<br />that a good CEO makes a decent rate of return for his investors, but<br />he also has to be a good citizen and the corporation should be a good<br />community citizen. Pay reasonable taxes. Take care of the suppliers,<br />take care of the employees; take care of the customers, not just<br />profits.<br /><br />So we entered this phase where we have embraced this form of<br />capitalism that says maximize profits regardless of the social or<br />environmental cost. It's a terribly destructive and unsustainable<br />philosophy to have and we must turn that around. My goal or<br />orientation is to try to make corporations become more responsible.<br />The new goal should be go ahead and make a decent rate of return for<br />your investors, but only to do so on a playing field that says we are<br />going to be sustainable and just and peaceful. They are the public<br />servants and they should realize they have a greater obligation than<br />making just maximizing profit<br /><br />http://www.thedailybell.com/1791/Anthony-Wile-with-John-Perkins-on-His-Best-Selling-Book-Confessions-of-an-Economic-Hit-Man-and-the-Unsustainability-of-Modern-Capitalism.htmlAnonymousnoreply@blogger.com