Monday, November 7, 2011

And God created corporations

Failure of markets, inappropriate macroeconomic politics, excessive speculation, inappropriately valued currency, doctored exchange rates, cross-border and intra-firm transfer prices, bad timing of short-term debts, strong black market, abuse of monopoly power, inadequate legal and financial infrastructure, non-protection of ownership rights, lack of accountability and transparency, inadequate standards in financial reporting, crony-capitalism, bribery, corruption, lack of truthfulness, trust and social responsibility, greedy investors and institutions. (Paraphrasing John Dunning's Global Capitalism at Bay).


copied from the Blog said...

If we could shrink the earth population to a village of 100 people, with all the existing human ratios remaining the same, it would look something like the following;
57 Asians, 21 Europeans, 14 from the Western Hemisphere, both north and south,8 Africans
52 would be female, 48 would be male
70 would be non-white, 30 would be white
70 would be non-Christian, 30 would be Christian
89 would be heterosexual, 11 would be homosexual
6 people would possess 59% of the entire world’s wealth and all 6 would be from the United States.
80 would live in substandard housing, 70 unable to read 50 would suffer from malnutrition
1 would be near death, 1 would be near birth
1 would have a college education; 1 would own a computer. When one considers our world from such a compressed perspective, the need for acceptance, understanding and education becomes glaringly apparent. The following is also something to ponder… If you woke up this morning with more health than illness, you are more blessed than the millions who will not survive this week. If you have never experienced the danger of battle, the loneliness of imprisonment, the agony of torture, or the pangs of starvation … you are ahead of 500 million people in the world. If you can attend a religious meeting without fear of harassment, arrest, torturer death…you are more blessed than three billion people in the world. If you have food in the refrigerator, clothes on your back, a roof overhead and a place to sleep…you are richer than 75% of this world. If you have money in the bank, in your wallet, and spare change in a dish someplace you are among the top 8% of the worlds wealthy. If your parents are still alive and still married you are very rare, even in the United States and Canada. If you can read this message, you just received a double blessing in that someone was thinking of you, and furthermore, you are more blessed than over two billion people in the world that cannot read at all.
-KungFu Connection

Anonymous said...

good point, kung fu.