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Responsible consumerism | Manila Bulletin - 0 views
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The multinational manufacturing giants were trying to cope with changes in technology and demographics which threatened to make them obsolete. Top managements in publicly owned US companies, regardless of size and performance, cowered under the threat of the corporate raider and his ultimate weapon, the junk bond.
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Corporate capitalism promised that the large corporation would be run in the interests of the greater number of stakeholders. Instead, it was being pushed into a subordinate role – away from its market standing, its technology, and its basic wealth-producing capacity and into immediate earnings and next week’s stock price. A Marxist would call this turn of events “speculator’s capitalism.”
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Meantime, Bill Gates has come up with a solution as to how billions of dollars generated through capitalism can help people in the poor nations which the world has forgotten. He termed it creative capitalism. He believed that some corporations have identified brand-new markets among the poor for life-changing technologies like cell phones. Others have seen how they can do good and do well at the same time.
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On War and Activism, Noam Chomsky interviewed by Charngchi Way - 0 views
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Why do you think that the privileged people miss the obvious truths? Well, several reasons. For one thing, the more educated you are, the more indoctrinated you are. After all, propaganda is largely directed towards the privileged. For the mass of the population, there is propaganda, but it's mostly to try to get them out of our hair, you know, it is distraction. Get them involved in professional sports, or sex scandals, or anything. Just keep them away from us. That's why the political system in the United States has now degenerated to the point where the only issues that are talked about are what are called "the culture wars."
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