I finally get it. Capitalists feel robbed by unions and worker power because they believe the value they bring to the world (their labor) comes from their ability to turn people into instruments… so they should get to control all of the profits. No wonder they don't see anything wrong with slavery; they regularly sell themselves to shareholders. Maybe they're allergic to agency?
As you speak the Americans and English are doing there most to destroy German industry. Same as in 1914, The German banking system was better and less immediately greedy than the Anglos.
So it's important for each industry to have some passive knowledge of any industry that they may be working along with. For instance any individual who wants to improve an assembly line must have hands on passive knowledge in that field that a textbook can't give them. It would make sense then for an individual to be put into an industry while learning their subject field, be it finance, engineering, policy, environmental, etc, to observe it. This would still remain true even after a graduate has finished, if they are the innovative type, and not setting to time tested techniques or positions. So it should make sense that each industry has its own education system. Rather than outsourcing education from schools, you have each industry which is overseen by an organization of it's various companies, who communicate ideas in and around that organization. That organization then communicates the findings, and innovations in each company under it with other industry organizations. As well each organization educates from a top down approach the workers in that industry, and help new talent find their strengths, weaknesses, assess goals, and where is best for them to position themselves within their industry, it if more effective in another, to help them transition to that industry. This would help to remove the lag that tends to crop up with educational institutions who are always catching up with industries, and gives a much stronger support for the overall community, since the organizations are investing in the growth of each employee, who are in turn being paid to work and learn, which again provides more value for the company.
Nobody who hasn't invested time and effort in production, should gain these massive profits, it's not fair. I'm no communist, but money making that much more money is a cancer to society.
Nobody should sit around and get hundreds of times what a worker gets (who actually produces the product, puts in the time, effort & education needed), and increase his capital that much just because he/she invested in a company, it's sick
Years ago my PE firm expanded, took on extensive new office space which it gutted and customized. One part of the design was an immense mailroom – for PE back then, the production of Deal Books (50-100 page presentations spirally bound) was a huge part of the mail room staffs' work. In reviewing the design, I asked the (extremely expensive) designers if any of them had talked to the head of the mail room for in put. None had. I walked down to the Mail room with the three person design to talk with the head of the Mailroom – who took one look at the design and said "this won't work at all. She proceeded to draw out a work flow diagram of how she and her team actually work. We went with that design.
https://www.youtube.com/watch?v=knpBbn0aWeQ for iNET marxists who dont seem to get cause and effect and how small variations result in large changes in equilibrium …. but what can one say about followers of a moron
The stock market issue for short term profits has been resolved with voting shares and non-voting shares. Whats called A shares and B shares. Also, Amazon is an example of an American company that invested in the long term and also any biotech company.
When payout ratio being high is not necessarily bad for the economy. These funds will again reach companies through capital markets and higher will be financial markets activity. Net impact om GDP should be positive
This prof made me venture into economics
I finally get it. Capitalists feel robbed by unions and worker power because they believe the value they bring to the world (their labor) comes from their ability to turn people into instruments… so they should get to control all of the profits. No wonder they don't see anything wrong with slavery; they regularly sell themselves to shareholders. Maybe they're allergic to agency?
As you speak the Americans and English are doing there most to destroy German industry. Same as in 1914, The German banking system was better and less immediately greedy than the Anglos.
Not everyone gets to watch their moms cooking 🍳 🙁
gamestop is a company for the people. DRS GME
So it's important for each industry to have some passive knowledge of any industry that they may be working along with.
For instance any individual who wants to improve an assembly line must have hands on passive knowledge in that field that a textbook can't give them.
It would make sense then for an individual to be put into an industry while learning their subject field, be it finance, engineering, policy, environmental, etc, to observe it. This would still remain true even after a graduate has finished, if they are the innovative type, and not setting to time tested techniques or positions.
So it should make sense that each industry has its own education system.
Rather than outsourcing education from schools, you have each industry which is overseen by an organization of it's various companies, who communicate ideas in and around that organization. That organization then communicates the findings, and innovations in each company under it with other industry organizations.
As well each organization educates from a top down approach the workers in that industry, and help new talent find their strengths, weaknesses, assess goals, and where is best for them to position themselves within their industry, it if more effective in another, to help them transition to that industry.
This would help to remove the lag that tends to crop up with educational institutions who are always catching up with industries, and gives a much stronger support for the overall community, since the organizations are investing in the growth of each employee, who are in turn being paid to work and learn, which again provides more value for the company.
Nobody who hasn't invested time and effort in production, should gain these massive profits, it's not fair. I'm no communist, but money making that much more money is a cancer to society.
Nobody should sit around and get hundreds of times what a worker gets (who actually produces the product, puts in the time, effort & education needed), and increase his capital that much just because he/she invested in a company, it's sick
Years ago my PE firm expanded, took on extensive new office space which it gutted and customized. One part of the design was an immense mailroom – for PE back then, the production of Deal Books (50-100 page presentations spirally bound) was a huge part of the mail room staffs' work. In reviewing the design, I asked the (extremely expensive) designers if any of them had talked to the head of the mail room for in put. None had. I walked down to the Mail room with the three person design to talk with the head of the Mailroom – who took one look at the design and said "this won't work at all. She proceeded to draw out a work flow diagram of how she and her team actually work. We went with that design.
What is it called, when company issues one new share from much more older shares ? 🤔😱🤔
I love all the keyboard economists in these comments…..
https://www.youtube.com/watch?v=knpBbn0aWeQ for iNET marxists who dont seem to get cause and effect and how small variations result in large changes in equilibrium …. but what can one say about followers of a moron
Share BBs were illegal, screw all the "workers"
Ah, Aerospace, all engineers are created equal. Well that is false. Yes R&D. goes down the drain.
Here Roy makes the institutionalist case.
This is why I'm looking at engineering stuff now. It fills in a part of society economics neglects.
The stock market issue for short term profits has been resolved with voting shares and non-voting shares. Whats called A shares and B shares.
Also, Amazon is an example of an American company that invested in the long term and also any biotech company.
I think he is spreading more of Chinese interests .
When payout ratio being high is not necessarily bad for the economy. These funds will again reach companies through capital markets and higher will be financial markets activity. Net impact om GDP should be positive
The knotty claus adventitiously retire because television ordinarily cover besides a nutritious comb. jealous, amazing processing
Adam Smith only uses the word invisible hand once, but every textbook that has ever cited him always associate him with that principle
Ha-Joon Chang is an amazing professor