Who Really Ruined Everything?
@jprtist (656)
Pueblo, Colorado
March 18, 2020 6:58am CST
Many times over the years, I've heard people talk about Lawyers, and how they screwed everything up. I can't deny that we have a system of justice, and compensation that favors lawyers. I can't deny either, that there are many really screwed lawyers, and laws.
Who do you go to if the system seems to be falling on you, and potentially robbing you of life and fortune?
But I argue, if you want to see where things really went wrong in this country, and who is responsible, I'd direct you to the incredibly obnoxious and greedy MBA, Master of Business Administration.
There was a time when most business leaders cared about doing a great job, producing a high quality product that lasts, and maintaining a professional aptitude.
Somewhere along the line, to me, it was during the Reagan administration, business in the U.S. went under a sea change. Instead of being in business to profit from quaility, and professionalism, the mantra of business became, the sole purpose of the company/corporation is to make money for the stockholders, regardless of the price to society.
Of course business's need to make money, but not at the expense of their workers and their public. Stockholders are risktakers, who should believe in the products and values of the business' they invest in. Not in simply looting the business and public for all they can get without the responsibility of the fall out.
What do you think.
2 people like this
2 responses
@LindaOHio (182031)
• United States
18 Mar 20
There are, of course, exceptions to the rule; but products today have a planned obsolescence and customer service is nothing like it used to be. The mighty dollar is king.
1 person likes this
@topffer (42156)
• France
18 Mar 20
The stock market has already crashed, the fault to computers. In 1987 a share was exchanged every 2 years and 9 months, now it is every 20 seconds. Many big businesses are not far to be ruined. Now what should do a state ? In 2008 we injected a lot of money to banks at the expense of the tax payer, and this was criticized here. The tendency now in France would be to inject a small amount of money to support small businesses and to nationalize big businesses in serious difficulty to avoid to have people fired. At least a nationalized company may be sold later...
1 person likes this