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economics

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