What democracy? "Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it. [ … ] American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak. That is the reason, and because the strong have crushed the weak the strong dominate the industry and the economic life of this country. [ … ] The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy. [ … ] We have, not one or two, but many, fields of endeavor into which it is difficult, if not impossible, for the independent man to enter. We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men." - Woodrow Wilson, The New Freedom (1912)

See you at staff room at university of Leicester to teach together , from Anika Ahmed Chowdhury

Can one explain what`s wrong with Romania and Italy? Is there a specific issue?

great talk. Although it made me wonder whether or not the whole investment system should be reformed. for some reason the investor became the most important entity in Anglo-Saxon societies, giving them far more options then they should have, at least when you look at what shares were supposed to accomplish. So I really don't see why states and societies should offer protection to investors. Investing should be their risk to take, and they also get compensated in form of interest on their investment. If there is no real risk left, then I don't see why they should get anything in return in the first place. I know that this might be controversial, but the shareholder should never ever be placed higher than the stakeholder.

@foppo100

8 жыл бұрын

+lordeisschrank Good post, when you invest you take a change and the risk what comes with it.If you win great if you loose except it.We have to be very carefull here because there won't be any need to vote in the future.There will be nobody to vote for democracy has died.The corporates rule.

@rustyrench4278

3 жыл бұрын

But sole interest in stakeholders allows for more manager flexibility and then you create a principal-agent problem, when there are multiple justifications for any action the managers will choose the ones that benefit themselves

@destabelete5537

2 жыл бұрын

Of to oyell,to),368

@destabelete5537

2 жыл бұрын

E

This dude’s theory is that the old school model of bilateral trade agreements from the 80’s and 90’s between rich and poor nations is trying to be applied between developed countries today and that is becoming a serious problem.

This Dr. Jan Kleinheisterkamp has such a soft voice for a sociopath. Supernational law is a concept for Billionaires to rig the world so that they never have to consider the human rights of poor people as being equal to their human rights. Jan wants to tell Billionaires how to dominate all countries through corporate power, as if a corporation were not just a person, but an entire nation. An industry should have to take risks, and any industry that kills through it's products or behavior towards any worker or consumer or government should lose it's rights. Jan may just as well be discussing how to please a merchant of death against the loss of the ability to kill at a certain profit margin.