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View Diary: No country for Zuckerbergs (193 comments)

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  •  Great story, thanks. (2+ / 0-)
    Recommended by:
    divineorder, Words In Action

    One problem though is that while your logic works for the entrepreneur, the Zuckerbergs and Packards, corporate decisions are made on microfactors - a penny here a penny there can add up to a billion to Goldman Sachs.

    With so many of our economic levers controlled by so few invested in vast interconnected multinational corporations the power of the one-offs is, well, off.  

    "People need dramatic examples to shake them out of apathy," Bruce Wayne in Batman Begins.

    by kck on Sun Oct 03, 2010 at 08:10:54 AM PDT

    •  often times corporate investment decisions are (4+ / 0-)

      made on prejudices and not rational analysis at all. Consider, for example, GM PACs long time investment in Republican politicians who opposed health care reforms that were desperately needed by the company.

      •  For many of those years (1+ / 0-)
        Recommended by:
        happymisanthropy

        health care costs were not a big issue. They were more concerned about the possibility of pollution standards and safety regulations cutting into profits, and they were eager for motor fuel to remain cheap. Republicans seemed like their best bet. Especially when the Democrats were strong supporters of organized labor.

        "A lie is not the other side of a story; it's just a lie."

        by happy camper on Sun Oct 03, 2010 at 09:10:07 AM PDT

        [ Parent ]

        •  they understood health costs were killing them (1+ / 0-)
          Recommended by:
          happymisanthropy

          they just supposed that they could find some way to dump those.

          I've seen a lot of corporate decisions motivated by a kind of "everyone knows that" class prejudice. Everyone on the golf course knows that remote management, transport, and IP leak issues don't affect the profitability of outsourcing for lower labor rates -- even when nobody has even tried to quantify.

      •  It depends... (0+ / 0-)

        ...on the bottom line. The company could be spending more on health insurance benefits but still less overall with GOP alliances. That's my point.

        You have a good point that prejudices certainly rear their heads but the bottom line generally prevails and, with some exceptions and depending on the Board, generally with merely a quarterly horizon. If prejudices can be shown to have value they can easily be sold. In fact, if self-destruction can be shown to have value it certainly can get an audience for consideration.  

        "People need dramatic examples to shake them out of apathy," Bruce Wayne in Batman Begins.

        by kck on Sun Oct 03, 2010 at 09:17:27 AM PDT

        [ Parent ]

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