Group items tagged

The corporation's responsibiities, per Johnson & Johnson CEO, 1948, in order of priority: 1. First responsibility is to those who use our product; we must offer high quality at low prices, and deliver our product with prompt, accurate service. 2.  Second responsibility is to all employees of the corporation, providing fair pay, job security, healthy working conditions, respect for each individual, and justice in management and governance of both employees and operations.    3. Third responsibility is to hire corporate executives possessing integrity, talent, common sense, personal wisdom, education, and experience. 4. Four responisibility is to the communities in which our corporate facilities are embedded. Corporations must be good citizens, contributing to the health and viability of the commonweal, supporting civic improvement, improved health, education, and government, reinvest in the corporation's larger community and infrastructure  by paying fair taxes, and being good stewards of the unsustainable resources used in conducting business activities. 6. Last responsibility is to shareholders/stockholders via creation of sound, sustainable profit and fair returns to investors. 5. 

Both Republicans and Democrats have been explaining that "There Is No Alternative," we need public policies promoting austerity because government is "out of money." The question seems to be not "do we need austerity?" but "will we be austere sooner or austere later?" Meanwhile, the bipartisan consensus is that the government is definitely out of money. But these assertions are at odds with the common knowledge that the U.S. government literally creates its own money. Unlike the euro, the dollar is a sovereign, fiat currency, unconstrained by exchange rates or treaties. And since Nixon closed the gold window, government can issue dollars without waiting for gold or silver mines to provide any backing for them. So we can't possibly be "out of money," any more than the Bureau of Weights and Measures can be "out of inches."

Common to all definitions is the attempt to mobilize entire populations in support of the official state ideology, and the intolerance of activities which are not directed towards the goals of the state, entailing repression or state control of business, labour unions, churches or political parties.