Democratic capitalism: Freeing people from the corporate special interest definition of ‘corruption’

January 18, 2017 at 1:43 pm

Monument to the victims of capitalism in Montreal. (photographymontreal/Flickr)

This week someone asked me if I’d heard any questions about IDEA, the federal law protecting students with disabilities (the Individuals with Disabilities Education Act), during Jeff Sessions’ confirmation hearings.

I get these types of questions a lot because I write about politics. It’s kind of funny because I don’t think I know much about politics—at least not when it comes to policy details. I’ve had people tell me in response, “But I love listening to you talk. You know so much.”

Here’s a secret: It’s more important to know what you believe in—and how to talk about what you believe in.

The problem is that corporate special interests “get” this, and all too often we don’t—especially many of us who come from academic backgrounds, where arguing is the accepted way to flesh out ideas and learn.

Let me demonstrate by showing you how corporate special interests redefined “corruption,” why this is so important, and how you can help break people out of this trap.

How to really make America great again: Get rid of ‘the dumbest idea in the world’

February 1, 2016 at 11:02 pm

One of the best questions you can ask people in organizations that are struggling is:

If you could get rid of one thing, what would it be?

It’s a great question (and also one that should be asked in confidentiality) because:

  1. It’s hard to think about changing everything.
  2. It’s easier to think about one thing to eliminate.
  3. People often have a really good idea about what that one thing is in an organization. Often it’s the elephant in the room that people can’t talk about publicly for fear of retribution. Sometimes, it’s a person.

One thing clearly stands head and shoulders above the rest when you talk to many people in corporate America. It’s an idea that completely removes responsibility from many corporations in our society. It’s an idea that threatens not only our constitutional democracy, but also every value Christians hold dear and every value we hold dear from modernity and post-modernity.

It’s an idea so bad that Jack Welch, former CEO of General Electric, called it “the dumbest idea in the world.”

The idea, called shareholder value theory, is that the sole purpose of publicly-held corporations is to return profit to shareholders.

Customers be damned. Society be damned. Families be damned. Results be damned. America be damned.

Where did this idea come from?

New York Stock Exchange, August 2010. (by Elbie Ancona (CC-BY_SA 3.0))

Why regulations increase when you privatize government

November 15, 2015 at 11:17 pm

Every now and then some politician pulls a stunt where they print out a list of regulations from some agency or other to try to make the point about the “burden” of regulation.

Mitch McConnell speaking at the CPAC 2011 conference. Photo CC 2.0 courtesy of Gage Skidmore. Mitch McConnell speaking at the CPAC 2011 conference. Photo CC 2.0 courtesy of Gage Skidmore.

What they don’t talk about is that privatization creates more regulations.

Why?

Must read economics books: On value and values

May 20, 2015 at 2:57 pm

For a recent project, I’ve been researching organizations and values within organizations. I happened to come across On Value and Values by Douglas K. Smith because of the following quote: For many years now, I have heard people speak about value and values disjointedly, as though the singular, value, and […]