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The goal of every business is to maximize profits. Nothing wrong with that. But of course, there are a lot of wrong ways of accomplishing this goal. For example, decreasing expenses by illegally dumping pollutants or exploiting workers is wrong. A way of increasing profits that’s just fine is by charging well beyond your . . . → Read More: T-Mobile’s on the Menu, and AT&T Wants to Eat Our Lunch  Graeme Wood in April’s Atlantic writes that the rich might not be so different as we suspect. In “The Fortunate Ones” he describes results of a study at Boston College’s Center on Wealth and Philanthropy focusing the experiences of the 115,000 families in the United States with fortunes of $25 million or more. Maybe . . . → Read More: Being Rich The documentary,Why We Fight, opens with President Eisenhower’s famous farewell warning about the military industrial complex, describing how the military and manufacturers of arms form a powerful constituency influencing foreign policy toward arms proliferation and war. Fifty years almost to the day after Eisenhower’s farewell, Fortune (2/28/2011) magazine has published Mina Kimes’ “America’s Hottest . . . → Read More: The Bomb Biz “A Few Bad Apples” points out our tendency when things go wrong to ask, “Who’s to blame?” rather than, “What’s to blame?” This tendency causes us to punish, but leave systems that enable or encourage misbehavior unreformed. But what if we don’t even ask, “Who’s to blame?” “How Wall Street’s Crooks Evaded Jail” in . . . → Read More: Who’s to Blame? |
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