Quote:
Originally Posted by GrumpyOldMan
Well, my take is that we have prayed at the god of money for many decades. We raised our children to dream of getting rich and retiring early. EVERYTHING in this country is about making a fast buck. Bill Maher had a good "New Rules" last week pointing out how it is almost impossible to get any big projects done in this country because everyone wants to make some "under the table".
A lot of people blame outsourcing, but the fact is American's are addicted to cheap. Wall Street demands companies make quarterly goals that are set by money managers who have never worked for a living. Let a company miss money managers projections and the company's stock will tank. Not because the company did something wrong, BUt, because what they did right was not what the money manager wanted them to do.
Personally, I think most of our country's "issues" at this moment all have a root cause of making fast easy money no matter what the cost to our country.
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True that! And WALL ST. and corporate managers tend to have a ONE quarter time-horizons on their decisions. Japan and some European countries have business leaders the have 5-year plans. Japan uses a "Circle of Management" philosophy that they got from a book written (probably 1950) in the US, but was ignored. It means that upper management MUST pay attention to the lowest line workers because they are close to the action and therefore, the most knowledgeable.
That RARELY happens in the US, which adopted a top-down approach like the US military after its success in WW2. Last time I checked Japanese CEOs were considered GREEDY if they made more than 10 to 15 times more than their average line workers. Compare that to US CEOs. And then, even realize that it is the reason why the average person does NOT even realize how and why the whole US wealth gap problem has developed. And why it may be impossible to reverse!