Capitalism?
Ok. Call me reactionary. I don't think we have the Evil Capitalist system that the Left loves to hate. At this point, when the Progressive President's administration supports the "too big to fail" label for Citi, AIG, etc, then the key part of capitalism that is regenerative and corrective is lost.
When I look at Ed Whitacre, late of SBC/AT&T and now at GM, I wonder where the "activist" board was when he held court at SBC. The interlocking boards with companies like Emerson and SBC, the directors who are invited to boards for name more than skill and the massive portions of stock held by institutions certainly take away the checks of a more balanced system.
Most institutional investors fall in to the quarter-to-quarter, what-have-you-done-for-me-lately trap. Yes, the world changes rapidly and adaptation for entities has some parallels to those of biological systems, but if you don't have some idea where you want to go more than tomorrow, it's darned difficult to go there....
In one of my least favorite ironies, that fat, loud-mouthed a$$ Michael Moore descries 'capitalism' when he sure seems to be a very successful beneficiary of the bent system we have.
When I look at Ed Whitacre, late of SBC/AT&T and now at GM, I wonder where the "activist" board was when he held court at SBC. The interlocking boards with companies like Emerson and SBC, the directors who are invited to boards for name more than skill and the massive portions of stock held by institutions certainly take away the checks of a more balanced system.
Most institutional investors fall in to the quarter-to-quarter, what-have-you-done-for-me-lately trap. Yes, the world changes rapidly and adaptation for entities has some parallels to those of biological systems, but if you don't have some idea where you want to go more than tomorrow, it's darned difficult to go there....
In one of my least favorite ironies, that fat, loud-mouthed a$$ Michael Moore descries 'capitalism' when he sure seems to be a very successful beneficiary of the bent system we have.