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LFedewa

The moral case for profit-sharing (part II)

“To whom much is given, much is expected.” (Luke 12:48)

By Dr. Larry Fedewa (June 2, 2019)

Last week we discussed the antecedents of the current movement toward corporate social responsibility and the Conscious Capitalist movement and also the paradigm on which a moral claim can be made for a re-definition of “workers’ rights” with respect to workers’ share of the company’s profits. Keep Reading

Conscious Capitalism: The Moral Case

Updating workers’ rights 

By Dr. Larry Fedewa (May 25, 2019)

Until now, we have been exploring the case for Conscious Capitalism on the basis of economic necessity. It is clear that the strength (68%) of America’s economy is based on consumer demand. Most of the consumer purchases in America are bought by the families of the middle class, because there are more of them and because their needs tend to cover a wide spectrum of goods and services. It is therefore critical that a majority of Americans have enough money to buy an ever-increasing supply of consumer goods and services if our economic engine is to keep on growing. Keep Reading

Conscious Capitalism: Ready for prime time?

Breaking out of the pack!

 

By Dr. Larry Fedewa (May 18,2019)

I confess that I have caught the fervor of a convert to a new movement. As I write, speak and broadcast about Conscious Capitalism, I feel like Paul Revere as I keep hearing “Wow! I never heard of Conscious Capitalism but it sure sounds like the answer to a lot of our problems!” Among others, this is the reaction of my fellow talk show hosts who are generally very well informed.

On the other hand, however, the reform of Capitalism is much discussed and written about. Some examples from Amazon’s Books: Joel Solomon’s “Clean Money – reinventing power, purpose and capitalism”; Frederic Laloux’s Reinventing Organizations, and Everybody Matters by Bob Chapman with Raj Sisodia (love that title).  Keep Reading

Workers’ rights in the 21st century: Unions and Conscious Capitalism

Do unions still have a place at the table?     

 

by Dr. Larry Fedewa (May 12, 2019)

“Conscious Capitalism” promotes the most expansive view of workers’ rights ever to be advocated by corporate management  in the history of capitalism. At last, workers are accorded the respect due to major stakeholders in the organization, whether a corporate giant or an entrepreneurial start-up. Almost always this means sharing in the profits of the company if not outright  stock ownership.

This view of the business flows from an idealistic definition of the enterprise which includes, among other things, the function of profits as a necessary means to a greater good. The greater good is the mission of the firm as providing a community service through the sale of its goods or services. Conscious Capitalism challenges everyone in the organization to contribute to  the fulfillment of this mission and provides the resources to do so.

Conscious Capitalists also tend to be anti-union. Keep Reading

Me and Joe

How will Mr. Biden rebuild the middle class?

 

 

By Dr. Larry Fedewa (April 30, 2019)

As our regular listeners and readers know, I have been talking about the “wealth gap” between the 1% of Americans — who control as much as 80% of America’s wealth —  and the rest of us for the past several weeks. In a consumer-dominated economy (68% of GDP), the major consumers are the middle class. If the buying power of the middle Americans continues to be eaten away by inflation, the economy will begin to contract, and recession becomes more likely and more severe than anything seen in America since the Great Depression of the 1930’s. So, my conclusion is that something has to be done to increase the wealth of the middle class.

I’m pleased to note that former Vice President Joe Biden has taken this issue as his campaign theme! He has not yet told us how he intends to rebuild the middle class. We shall have to see about that. Keep Reading

Janus vs. AFSCME: A New Beginning

A new interpretation of workers’ rights

by Dr. Larry Fedewa (April 13, 2019)               
My first experience with a union came when I represented the newsroom’s intention to hold a vote for a union to the publisher of a national weekly newspaper. I had a summer job there after my first year as a high school teacher.
Later, as a training developer, I wrote, produced, and oversaw one of the largest industrial training programs in history for the Railway Labor Executives’ Association (a council of all major rail union presidents). I also executed major projects for the Federal Railroad Administration, AMTRAK, Conrail, and others. Still later, I worked very closely with the National Education Association, the professional teachers’ union in a major joint venture, a national research project, and addresses to two national conventions.
The reason I mention all this background is to establish my position as an ardent supporter of the labor movement. My comments come from a position of firm commitment to the need for workers to take their place at any table which determines their welfare.
The occasion of this attention to the labor movement is this week’s Supreme Court decision in Janus versus AFSCME (American Federation of State, County and Municipal Employees). Not only do I agree with the decision, I also think it is good for the unions. On the first count, I agree that “freedom of assembly” also means freedom to say “no”. Otherwise, it is not free.

Keep Reading

Me and the Union

How I became a union rep for a week                                        

By Dr. Larry Fedewa (April 14, 2019)

My first experience of a union came early. I had finished my first year as a high school teacher and was hired for the summer by a national weekly newspaper as a proof reader. My status in the organization was quickly determined by my assignment to the night shift.

That timing worked out well for me since I was also back in college for some courses required to get my Colorado teaching certificate. Things were going well, and I was promoted after the first month to an exempt (salaried) position as copy editor. This put me in the company of the editors and reporters, which was an exciting development for a young guy.

One day, a senior editor dropped by my desk and quietly invited me to an after-hours “party” at his house. Flattered, I quickly agreed. It turned out that the “party” was actually a meeting of the entire newsroom for the purpose of activating a just granted Department of Labor mandate to management to arrange for a vote on whether or not to join a union. The right to have the vote on company time was not in dispute. The problem was, who was going to approach the publisher with the news that the government had approved the application? Keep Reading

The Wealth Gap (continued): Back to basics

The middle class share of American wealth has gone to the very rich

                                                                                     

By Dr. Larry Fedewa (April 7, 2019)

 

For the past three weeks, The Dr. Larry Show (www.blogtalkradio.com/LA-Batchelor/ or at 646-929-0130; 7 -8 pm every Wednesday) has been discussing the “wealth gap” in 2019 America. Now, it’s time to get back to basics.

Q. What is the “wealth gap”?                                       

A. This term refers to the present and growing concentration of financial assets (cash, stock, real estate, intellectual properties such as patents, copyrights, and royalties, etc.), and all forms of passive income to the control of fewer and fewer people (1% of the population) while the middle-class controls less and less of the nation’s wealth. The word, “wealth”, is used instead of “income”, because the value of assets is frequently allowed to appreciate untouched ( e.g. to avoid taxable income). Money comes and goes in the form of income; assets are for long-term welfare.

Q.  Is there really a wealth gap in America? Surely there will always be differences in wealth.

A.  The changes in the proportion of the nation’s wealth held by individuals over time are clearly traceable statistically. This trend can and has been analyzed by experts for decades. Currently, nearly 80% of America’s wealth is held by 1% of the U.S. population.                     Keep Reading

Is feudalism our future?

If we don’t close the wealth gap, capitalism will disappear

By Dr. Larry Fedewa (March 30, 2019)

“American capitalism is now in crisis because most financial assets, most ownership of stock, and most capital income from dividends and interest and capital gains are concentrated in the top 1%, 5%, and 10% of the population. As these levels of concentration approach 80%, our society could soon arrive at the level of ownership that English lords and ladies had of all English land before the American Revolution.” (Blast and Freeman, FORTUNE, April 17, 2014)  Keep Reading

Vlady to Deep State: “Well done!”

“You have achieved Russia’s greatest victory in the 21st century!”

 

By Dr. Larry Fedewa (March 25, 2019)

Texas Representative John Ratcliffe (R), former federal prosecutor and among the most impressive and careful members of Congress, made a case to Fox’s Maria Bartiromo yesterday morning that the enemies of President Trump have accomplished the goals of Russia’s interventions in the 2016 USA election far more successfully than the Russian spies could ever have hoped for.

Those goals have been revealed as the division of the American public in such a way as to discredit the new president, to sow deep mistrust of the electoral process, and to encourage contempt for the rule of law. Altogether to undermine America’s democracy in the eyes of her citizens. In addition, this continual distraction of the American government and media has precipitated a monumental effort to paralyze the Washington establishment with respect to foreign policy and performance – a goal shared with the entire Democrat Congress.  Keep Reading