Sunday, August 13, 2023
Horatio Alger and Industrialists vs Capitalists
I started at this article about Horatio Alger but ended up on this very interesting article on the differences between industrialist and capitalist CEOs, the US having a deficit of people who have gotten their hands dirty and want to build new things to improve the world. It touches on the insane stupidity of IBM management who
A microcosom of so many others who destroyed the businesses entrusted to them.
instead of plowing profits back into their business, have plowed $200 billion into paper—its stock. In so doing, they have fractured the stakeholder foundation of one of the strongest corporations in the United States of America. Their actions have set a standard despised by Henry Ford and most every industrialist who built this country.
A microcosom of so many others who destroyed the businesses entrusted to them.
Labels: economics
