Tag: Profit
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Eleanor Roosevelt: “We will all go ahead together, or we will all go down together”
On Friday morning, 11 May 1934, Eleanor Roosevelt attended the National Conference on Fundamental Problems in the Education of Negroes in Washington D.C. This was an event sponsored by the U.S. Office of Education, the precursor of the Department of Education. Eleanor gave a very forceful speech on the issue of Black America, but after…
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The Media’s Preference for Profit over Democracy
Hi, Back in 2017, the New York Times published an article titled: CNN Had a Problem. Donald Trump Solved It – Inside the strange symbiosis between Jeff Zucker and the president he helped create. The NYT journalist interviewed the president of CNN, Jeff Zucker, where he admitted to the world that he wanted to incorporate the ESPN style of…
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Examples of the Inherent Corrupt Nature of Corporations
Hi, In 2004, Joel Bakan published a book titled: The Corporation: The Pathological Pursuit of Profit and Power. Balkan argued that Corporations are inherently corrupt because they are legally bound to place profit over everything, even the public good. The book was turned into a successful film and a movement was launched. I agree with Bakan’s…
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The Economic Theory Based Entirely on Sentimental Hope – Smith vs. Ricardo
Is it strange that classical English economists Adam Smith and David Ricardo based a lot of their economic theory on sentimental hope? That the capitalists of their time would make economic decisions based on their sense of patriotism? Adam Smith considered the possibility that the merchants and manufacturers in England might decide to do their…