Articles (Economic / Sector)

Who killed Economic Dynamism (as found in print)
This article is an interesting one and concerns the divided between high payed employees like top managment as compared to those in positions like janitorial services. The best quote which seems to sum the article well is "We should simply recognize that a truly dynamic and innovative economy throws up personal fortunes the way a volcano throws up lava" (Phelps)

To contrast this opinion, I noticed that in his assumptions, the level of innovation in a more 'just', so to speak of Rawls ideas and in contrast to complete free marketism or lassez-faire, society is NOT  good enough for him. Thus "it must be" that complete free-marketism is best. Though why do we have to search for currently environmentally unsustainable, socially depraving and disenfranchising growth rates. Assuming what is best in nature is best for us which seems to be present in his rhetoric and I am assuming to be present in his/their argument, is a logical fallacy that seems to be indoctrinated into much of the current free-market thesis. So what is right and what is wrong lays simply in taking one side or another and it seems to me and is obvious in reading this that limiting the divide somehow or another may not be perfect, but at least it helps to provide those not in such extra-ordinarily advantaged positions to live life with dignity.

Someone once told me in response to saying that something was fair, that free-market captilism may not be fair, but life isn't fair. The only thing I can say to that is that I will as much as humanly possible, always choose more fair conditions for the greater population when the scales are tipped so substantially. Fair may not really occur naturally, but it COULD be fair if we so chose it to be.

The Rise of 'Fudiciary' Society

This article discusses how judges and the legal system could and are beginning to require businesses and their managment to take into consideration the legal obligation to act in the best interests of others.

It seems that the ideas of fairness and a justness are weighing heavily on society and seems to be an appropriate though very imperfect approach. Hopefully this would force corporations, management and the people take into account society when they are making their decisions and it would hopefully stymy the poor decisions that are wrought in our economy today. Issues such as the financial crisis of 2008 and polluting the Athabasca River beyond reasonable repair in search of high yields, among so many others, would be less prevelant and not as destructive to the world and its people.