aerohead -
Quote:
Originally Posted by aerohead
This one has been at the center of attention for me for over a decade now.It appears that to provide pensions,we must adopt the mantle of cannibalism,in effect,eating our own offspring in order to maintain the market growth which is the centerpiece of contemporary capitalist dogma.
|
I'm less inclined to blame "pensions" as they used to be than the quarterly-based stock market system as a whole. Japanese corporate strategies have been portrayed as being in it for the long term. If I don't have to show profit in 90 days, I can make decisions that help the company reap benefits in the long term. It's funny you used the word cannibalism because that's my POV to a
tee.
CarloSW2