The New Capitalism
Goldman Sachs and the Need for Hangings in the Village Square
The child like and pseudo religious belief that the free market will, by itself, right all wrongs in time, a belief adhered to by Alan Greenspan and other groupies of Ayn Rand, is at the heart of our financial crisis and the crisis of capitalism. This Greek tragedy was played out at Enron, Lehman Brothers, and now Goldman Sachs and BP. The question is whether corporate executives are capable of adhering to principled behavior in the absence of punishment of significant severity to balance out the significance of potential rewards for unprincipled behavior.
Lean Politics: Give Up Ideological Waste
The environmental disaster in the Gulf of Mexico is in part the result of political/ideological waste. Lean management focuses on the elimination of waste from manufacturing and other processes. Lean managers develop a keen sense for what adds value and everything else is waste. There is some mass schizophrenia when it comes to the role of government and the private sector. This madness is a complete waste of resources and is itself responsible for many of our problems. It is past time to get beyond this madness.
Morgan Stanley and the Global Financial Village
If you doubt that we are decisively entering the age of a global financial village note the following from the WSJ weekly summary: “When we left him and Morgan Stanley last week, they were peering into the abyss. This week they are alive to fight another day. Morgan Stanley closed a $9 billion equity injection from [...]
Power and Influence 2006
Both governments and companies suffer under illusions of power… the intoxication of the material world and the dismissal of the power within the heart and mind.
A National Strategy for Competitiveness
I want to be the moderator at the next Presidential candidate debates. There are a couple questions I would like to ask about their plans for creating national wealth.
Does Spiritual Capital Exist?
Spiritual capital is not the same as membership in religion, or participation in religion, although that may be a stimulus to building spiritual capital.
Capitalism Lives, but…
Capitalism is a live and well, but now it is time for an internal redefinition of capitalism, the capital that matters in the new competive world economy.
Back from the Dead!
I’m finished writing!!!!