Skip to main content

View Diary: CA-Sen: Carly Fiorina's priorities (280 comments)

Comment Preferences

  •  What's best for business (0+ / 0-)

    is profit, measured in various ways. Could corporate structure rules be reformed? Right on! But that's exactly what I was talking about—something that government needs to do. All the corporation should be expected to do is to follow the rules. Tough times don't mean that different rules apply, unless you have a rule about what is meant by "tough times" and then specify what changes take place.

    •  Corprate Culture - Not Just Structure (0+ / 0-)

      I really don't know if you can regulate the current culture out of existence.

      You can remove some of the most obvious financial incentives that reduce the percieved risk and magnify the short-term profit.

      You can bring 'new' exotic instruments under the regulatory rules created to facilitate and preserve (not shackle) the free market and by doing so redirect some of that huge amount of money now captured by private wagers into more constructive investments.

      Bad times = last 18months - i.e. Great Recession exceeded in recent history only by Great Depression of the 30s.  That's my definition of bad times and yes, what I would consider proper and appropriate in terms of layoffs, wage freezes or cuts, benefit reductions is different during that time from what I would consider proper and appropriate when the goal is not survival but carving off more money from the 95% to further enrich the already wealthy 5% - which is what happened over the last 20 or more years.

      If you say "Let them eat cake", don't accuse the offended peasants of feeling "entitled". It makes them nostalgic for their knitting.

      by Into The Woods on Thu Jun 10, 2010 at 01:43:47 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site