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Sun Dec 2, 2012, 08:01 AM

We used to think business was very successful if it returned 30% profit. Now corporations are not

satisfied unless they return 3000% profit, pay little or no taxes, and pay wages and benefits designed to keep workers scraping forever. It's capitalism run amuck. And it is destroying not only the American Dream but the world's attempts for democracy and freedom world-wide. It has blighted the promise of all other economic systems and makes it impossible for any other system to live up to their ideals. It's helped us make a lot of progress while at the same time destroying our humanity and habitat in ways no one really wants to deal with. Capitalism has given us the illusion of freedom and democracy and our brains are deadened to trying to make anything else work. Capitalism has morphed into a military-industrial-complex in competition with the communist and socialist military industrial complexes. And there is no way out.

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Reply We used to think business was very successful if it returned 30% profit. Now corporations are not (Original post)
kelliekat44 Dec 2012 OP
Skidmore Dec 2012 #1
no_hypocrisy Dec 2012 #2
Ilsa Dec 2012 #3
KharmaTrain Dec 2012 #4
RomneyLies Dec 2012 #5
savebigbird Dec 2012 #6
Coyotl Dec 2012 #7

Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:05 AM

1. 3000% with no liability, regulation, risk, or taxes.

And they want slave labor.

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:12 AM

2. Either,

1. They aren't teaching traditional business theory in MBA programs,

2. They are teaching traditional business theory in MBA programs, but the theory is set aside when the graduate is hired,

3. Both 1 and 2.

There is a corporate culture that didn't exist 25 years ago that focuses on short-term gains even if it kills the corporation in the process.

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:22 AM

3. Worship of pure, laissez faire capitalism and

Greed are at the heart of the matter, I think. Forget ethics, forget corporate responsibility. The Boards of Directors don't give a damn about anything but being "first" this quarter, even if it means the planet dies next year.

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:29 AM

4. Many Corporations Became Gambling Casinos...

...they detached actual earnings and based their profits on their stock prices. This meant taking "expansion" that meant taking on lots of debt followed by downscaling and off-shoring of the acquired businesses. The company earnings drove the stock price and any way to manipulate it was welcome...that's where the real profits were made for those fortunate to hold preferred stock. This wasn't capitalism as the marketplace was suberted by the financial gambling casinos where these corporates look to make even greater returns in exotic financing schemes and programs...making money off commissions and dumping, if possible, when the bubbles burst.

There are a lot of companies that now need to make those big profits to keep up with the huge debts they accumulated in rapid growth and speculation. That's a major reason companies that can off-shore will continue to do so and those that can't will continue to use as much cheap, part-time labor as they can. When the debts start to outstrip the company's ability to pay it, then we'll see another bubble burst that is sure to hurt the economy and specifically the working class...

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:31 AM

5. Hyperbole much?

 

Name one corporation that makes 3000% profit.

If you wish to make a valid point, you should probably refrain from the hyperbolic rhetoric.

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:32 AM

6. It isn't capitalism run amuck. It's theft.

a.k.a. getting something for nothing

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Response to kelliekat44 (Original post)

Sun Dec 2, 2012, 08:37 AM

7. Where did you study business?

A few percentage points above interest rates in profit is good past and present. In my world, the real one doing business, a clear 10% profit in addition to union-scale pay for time worked was how projects were estimated and bid out. Scale and duration of projects impacted that number.

What is a business? A person(s) doing commerce. Such a broad category will have no one rule fits all.

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