They argued that corporate America “must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success.” That concept got a big boost Monday, when the Business Roundtable, a group of some of the country’s most powerful CEOs, threw out one of their basic tenets — that corporations exist principally to serve their shareholders. Instead, they said, they were committing their companies to a “free market economy that serves all Americans.” Along with profits for shareholders, companies must “deliver value” to customers, employees, suppliers, and the communities where they operate. It’s taken years, and many people doubt their commitment, but some of America’s best-known chief executives are ditching the free market fundamentalism of the Chicago School for a more liberal definition of corporate citizenship — one that … [Read more...] about Can capitalism be saved by a concept born in Boston?
Crony capitalism in america
By David L. Bahnsen Published May 17, 2019 Opinion FOXBusiness Facebook Twitter Comments Print video FOX Business’ capitalism vs. socialism town hall event part 1 FOX Business’ Stuart Varney, The New Voice CEO Herman Cain, Bianca Cunningham of NYC Democratic Socialists of America, “Capitalism’s Crisis Deepens” author Richard Wolff answer questions from a live studio audience about capitalist and socialist policies. Students of the 20th century, or even just those who lived through it, may be surprised at what flows through the news headlines these days. Continue Reading Below The 2020 Democratic primary field for the presidency of the United States contains candidates who identify as socialists (including the No. 1 or 2 front-runner, depending on the poll). It contains candidates who “flirt” with an identity as socialists (they defend the label, even … [Read more...] about The real reason socialism is doomed to fail
opinion Rachel Greszler Published 11:00 PM EDT Mar 11, 2019 Everyday. Low. Prices. Those three words draw some 140 million American shoppers to Walmart stores every week. Other retailers may offer short-term sales, or special pricing for preferred customers, but most people tend to shop where they can count on consistently low prices. Similarly, businesses want to set up shop where they can count on consistently low taxes and minimal government intervention in their operations. They also want a fair and level playing field where their success or failure isn’t dependent on them cozying up to politicians. That’s why it’s so disturbing to see state and local governments vying for businesses by offering special-interest tax breaks and other corporate subsidies. According to the Megadeals database compiled by goodjobsfirst.org, state and local governments have granted $115 billion in corporate subsidies across 399 different special-interest deals. The largest deal … [Read more...] about Opinion: Gov’t shouldn’t play subsidy game with free market
SECTIONS Search E-edition Customer Service Advertise Newsletters News News Local Crime Databases Education Election Politics Nation/World Special Reports Carolina College Bound Corrections Columnists Retro Charlotte Your Schools All Blogs & Columns Sports Sports Carolina Panthers Charlotte Hornets That's Racin' High Schools College Sports Charlotte Knights/MLB Other Sports Blogs & Columnists Inside the Panthers Inside the NBA Prep Insiders Scott Fowler Tom Sorensen All Blogs & Columns Politics Politics Elections The North Carolina Influencer Series RNC 2020 Business Business Banking Stocks Center Top Workplaces National Business What's in Store Development All Blogs & Columns Living Living Religion Food & Drink Health & Family Home & Garden CLT … [Read more...] about How did NC lure Honeywell to Charlotte? It was all about the money, records show
opinion Matthew D. Mitchell Published 9:58 PM EST Jan 9, 2019 Last week Reps. Alexandria Ocasio-Cortez, D-New York, and Rashida Tlaib, D-Michigan, took their seats in the U.S. Congress. Both are members of the Democratic Socialists of America (DSA). They are not the first members of the DSA to hold elective office in the United States. Nor should they be confused with the-state-should-own-the-means-of-production-type of socialist that occasionally holds office in other countries. These are Democrats whose positions put them on the left wing of the left party. They want more government spending, higher taxes, and more regulations, but they don’t want to abolish private property. Still, it is remarkable that “socialism” continues to have cachet some 27 years after Berliners—presumably well acquainted with its miserable results — danced atop a crumbling wall. Indeed, last summer Gallup found that for the first time in its … [Read more...] about Crony capitalism responsible for socialism’s new popularity