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CORPORATIONS: THE SOCIALIZATION OF COST AND CAPITALIZATION OF GAIN
A business environment with an unbalanced focus on short-term results and money before people affects society at large.
Simon Sinek • Leaders Eat Last: Why Some Teams Pull Together and Others Don't
The so-called “free-market system” has created perverse incentives for business leaders to “take the money and run.” Propounding the myth that markets are self-regulating, opportunists mastered tactics to drive up short-term stock prices and apparent profitability, and they rewarded themselves with handsome bonuses for doing so. Their freedom to
... See moreLeonard Greenhalgh • Minority Business Success: Refocusing on The American Dream
Most importantly, the corporate machine must internalize profit while externalizing costs. If the company’s product or service generates some kind of undesirable byproduct, it will attempt to shift that burden to the larger community, otherwise known as the commons: the water, the oceans, the atmosphere, or public health.