In article , Mike Coslo
writes:
Exactly, he saw that by looking at the longterm, his overall total profits
would be enhanced. He wanted a longterm, stable income than a quick buck.
And the most amazing thing is that with just that outlook, we not only
stabilize the situation, but we preserve the best part of how our
econmmic system works.
Henry Ford wasn't a paragon of virtue by any means but he did take the long
view. That's considered old-fashioned today.
I always thought that the best way was to let the businesses do their
thing as much as possible, with a light touch. The time for intervention
is when the business threatens the environment, employee rights (such as
there are any) or of course engaging in illegal activities, which there
will always be some companies willing to do that. And of course the
monopoly problems.
Of course - the devil is in the details, though. How much environmental threat
is OK? What rights do employees really have?
Martha and her bookie...I mean broker...got convicted, didn't they?
Here's a datapoint for ya: The USA imported 57% of the petroleum used here last
year, up from 56% in the previous year. Domestic production is down slightly.
Even if the Alaskan refuge is drilled, it will be 10 years before full
production is reached there. Gasoline prices are already about $1.75 and it's
only March.
Meanwhile, SUV sales are at record levels and a process called TDP (Thermal
Depolymerization) is almost unheard of.
How do we get folks to take the long view again?
73 de Jim, N2EY
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