Capitalism in the United States has undergone profound modification not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a se...
As a rule from what I've observed the American Captain of Industry doesn't do anything out of business hours. When he has put the cat out and locked up the office for the night he just relapses int...
...the government in Beijing continues to define itself as Marxist-Leninist, though 'Market-Leninist' would be rather more apt.
The liberty of a democracy is not safe if the people tolerated the growth of private power to a point where it becomes stronger than the democratic state itself. That in its essence is fascism: owners...
Management is now where the medical profession was when it decided that working in a drug store was not sufficient training to become a doctor.
The solid wealth of insurance companies and the success of those who organize gambling are some indication of the profits to be derived from the efficient use of chance.
All business proceeds on beliefs on judgements of probabilities and not on certainties.
In a hierarchy every employee tends to rise to his level of incompetence.
What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm capitalism is that kind of a system.
There are an enormous number of managers who have retired on the job.
It might be termed the Law of Triviality. Briefly stated it means that the time spent on any item of the agenda will be in adverse proportion to the sum involved.
Crime is a logical extension of the sort of behaviour that is often considered perfectly respectable in legitimate business.
The bank - the monster has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies. It can't stay one size.
After an eight-hour day workers require three overtime hours to produce two regular hours of results.
Inflation is defined as the quality that makes balloons larger and candy bars smaller.
Labour is not a commodity or a standard or a means to an ulterior end but an end in itself.
If a cluttered desk is an indication of a cluttered mind what is indicated by an empty desk?
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
Managers don't have to cook the books to manipulate earnings they often have all the power they need in the leeway built into accounting rules.
It takes no more actual sagacity to carry on the everyday hawking and haggling of the world or to ladle out its normal doses of bad medicine and worse law than it takes to operate a taxi cab or fry...