Comments on: (Business) haters gonna hate – but who gets hurt? http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/ Fri, 12 Oct 2012 21:02:59 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ytboarder http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-888 Thu, 04 Oct 2012 19:18:08 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-888 First, I don’t think people ‘hate’ business – they simply would like to see a more level playing field between business, their workers and the general public. Granted, most businesses no longer have slave labor as the first business – mercantilism – had and the alignment between business and government no longer TOTALLY favors the business but those change have been hard won. Even now, Wall Street is fighting in court the rules set in place by Simpson Bowles, continually eliminating the reasonable restrictions on ‘unfettered’ capitalism that resulted in the most recent financial melt-down. This was just another major world melt-down brought about by the greed and corruption of capitalism with one of the first being called the South Sea Bubble in 1720. These financial disasters have created extreme hardship for the general public but less so for business.

I’m uncertain what your reference to the ideology of ‘leveling tenets of socialism’ means, but if you are referring to peoples’ desire not to require the typical taxpayer to support the excessive greed of business through the socialization of debt/loss and privatization of profits then that is certainly a tenet I support. Currently, it would appear that business has no desire to ‘spread the wealth around’ but is more than willing to spread the debt. Even during the bail-out negotiations it was widely reported that the primary worries of the financial captains were there might be a moderation of executive pay and bonuses – this at time when their recklessness had toppled the economy; thousands loss their jobs along with their homes; communities were devastated with the elimination of basic services; school programs were gutted and millions loss their retirement and life savings.

There were a number of decades beginning in the 1950s when the collaboration between business, their workers and the public created a thriving, growing economy that benefited everyone and contributed to a healthy middle-class that emerged out of the hardships of war time and poverty, enhanced education for all and achieved levels of success never before seen – benefiting everyone… not just business alone. However, with the movement toward even greater financial gain for owners, executives and shareholders, that model of success for all has transitioned into one of success for the top 1% who have already acquired millions but are not content unless continually gaining more. This is where the relationship between business and ‘some people’ has broken down – this incessant greed / winner take all approach to doing business has resulted in many people feeling less than euphoric about today’s business model.

While most of us fully understand we are in a global market and must compete worldwide, it is more difficult to understand how business can abdicate responsibility to those in supporting job roles within an organization while paying CEOs millions; completely eliminate entire sections of a business in order to pay shareholders a few extra dollars; ignore the environment and public health in order to save a few bucks; move companies to destitute communities – taking advantage of impoverished locals to save in salaries paid then giving CEOs more millions; allowing a decrease in the quality of the product in order to pay untrained, foreign employees less in salary. This list could go on but I think the point is made.

Yes, American business is what America does every day and their are a great many American business out there that are still very much invested in America and Americans – think Costco – a most admirable example. However, there are far too many of those out there run by executives whose primary goal is to line their own pockets to the greatest extent possible while ignoring whatever costs – to workers, communities, air quality, water systems, fellow human beings. Yes, we want jobs – who doesn’t? If you mean by coming to ‘terms with reality’ we have to accept status quo and allow business to run ram shod over communities in order to get those jobs then we are in for hard times as there are many of us still fighting ‘the good fight’ which means a balance. A balance that allows business to grow but pulls up the quality of all around it – not diminish or destroy.

Without a balance, the way forward truly is destroyed.

]]>
By: MDickson http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-886 Sun, 30 Sep 2012 15:38:07 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-886 Excellent post. Corporations, large and small, are what make modern life, well, modern. And comfortable, and a ton of other positive adjectives.

The blanket condemnation of corporations that we hear from the left is incredible. I suggest they be sentenced to a year in North Korea or Cuba. They will change their tune lickety-split, I predict.

]]>
By: gccrawfo http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-881 Tue, 18 Sep 2012 15:52:58 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-881 “you shouldn’t vilify American business because it’s our only road back to a thriving country, free of the noose of debt and offering opportunity to all who are willing to work, create, compete and grow.”
This is the main thrust of Mr. Welch’s article, and some of you need to get down off of your soapbox. He certainly isn’t excusing all of the unscrupulous things that “big businesses” have done and continue to do. Obviously there are villains out there, at the helm of business and any in every other type of endeavor, always have been and always will be. Oftentimes their behavior has been inexcusable. But the fact is that at the present time, the attitude towards business and corporations – of any kind – is very, very negative, and the current administration fans these flames at every opportunity. It shouldn’t be that way. The occupy wall street “movement” is a joke, with no coherent plank other than “tax the rich people more” (since that will solve all of our problems..) Save some of your outrage for the government, and the breathtaking waste of hundreds of billions of taxpayer dollars on useless stimulus packages and endless wars. And as an aside, the notion postulated by another commenter on here that wall street or any other corporation is responsible for turning the U.S. into anything resembling a “third world country” is completely asinine and farfetched to say the least.

]]>
By: AlkalineState http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-880 Tue, 18 Sep 2012 15:31:42 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-880 Welch, you’re getting simple in your old age. Hating Wall Street is not the same as hating business. Wall Street is a bailout recipient full of international tax dodgers and average-IQ functionary suck-ups who serve those tax dodgers. Very few people on Wall Street are entrepeneurs. Very few people on Wall Street even have business interests in common with America.

]]>
By: nCounterSuccess http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-879 Mon, 17 Sep 2012 23:38:25 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-879 This is a great article. Where do those who hate business imagine jobs come from? I never got a job from a poor man. Like most people, I aspire to be rich. Yet these business haters act as though it is evil to be rich. Are we supposed to believe they do not aspire to be rich? Bah! Ridiculous. My big question for the Occupiers is, what in the world do you want? You are protesting for something…what is your goal? What does success look like to you? The impression you give the world, with the help of the media, is that you want to punish, rob, maybe even kill successful people. And how would this benefit you? Even if you are not arrested, how… does this… benefit you?

]]>
By: AlkalineState http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-878 Mon, 17 Sep 2012 23:26:47 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-878 Welch, it’s a simple question: Raise U.S. tariffs on manufactured goods coming into the U.S. or not?

]]>
By: brotherkenny4 http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-877 Mon, 17 Sep 2012 19:20:11 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-877 Don’t worry Jack, some people like pain and prefer slavery. So, you’ll find some followers.

]]>
By: AlkalineState http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-876 Mon, 17 Sep 2012 15:32:38 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-876 Still no reply from Welch on tariffs. The guy has gone from Captain of Industry to eighth grade-level blogging. “Business good, complain bad.” Kind of sad.

]]>
By: JBltn http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-874 Mon, 17 Sep 2012 11:48:36 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-874 Earth to Jack Get a grip Jack your bias or clueless is showing snarky teeth. Clearly your reasoning is suspect, your arguments are specious and you certainly attempt to demonize your so called, “haters”.
First and foremost Jack, using those quotes as article headers is so disingenuously facile that it feels slimy. Again you take the President’s quote out of context and he is correct Jack; business didn’t build America’s infrastructure that they use 360×24 to make their corporation profitable while fighting tooth and nail to keep dumping their industrial waste onto the public sector to reduce their costs and responsibility to safely dispose of their pollutants. Jack, you really should know that – Corporations aren’t people; they are created, under law, to fulfill a legal purpose and intended to benefit the shareholders &investors that caused it to become a legal entity. IT’S NOT A PERSON, Jack, IT’S A THING – IT’S A LEGAL FICTION!
Then you pontificate a bit before starting the absurd scurrilous name calling that uses disparaging stereotypes for the ‘bad people’ you hold for society to scorn.
You dislike the first ‘haters’ so much you call them “a group of people”…that support fundamental leveling tenets of socialism,…”its adherents believe, as the president once put it, “You’ve got to spread the wealth around.” Jack, your implied smear by association tactic, is so old & lame. It’s also clear that either you don’t understand socialism tenets or think that we’ll fall for your untrue accusation and be so scared of what you say President Obama’s really by his taken out of context quote.
You keep using simplistic stereotypes to classify other “business haters”, the, uh ‘Bad Things Happened to Good People’ then cavalierly dismiss the millions of Americans who were harmed financially, emotionally and morally wronged, lost their jobs, thrown out of their homes, their lives ruined and the trillions of dollars of lost wealth, stolen away by deceit and fraud deliberately developed by dishonest investment bankers, stock brokers, mortgage banking corporations, real estate Brokers & realtors, appraisers; describing them as those that believe that the financial crash was by sheer negligence of the corporations while implying they’re wrong. However, had reserved it was the last despicable group of “business haters “ stereotype , which you created and named called “intellectuals” and decried their pernicious hostility and using their positional roles as social opinion shapers to influence public views against corporations scorned the harshest ,criticized their social roles, demonizing them for speaking out against corporate excesses, predatory business practices, unethical behaviors, illegally spewing pollutions into our air and dumping industrial poisons in our rivers and lakes implying they somehow that betrayed big business. The egregiousness of his attack against so-called business haters emphasizes both the blatant absurdity behind it and a total lack of even a semblance of rational cognitive thinking. In the last 3 decades alone, ‘Big Business’ has been indicted and convicted of felonious illegal actions and dishonest business practices, illegally polluting and dumping industrial waste that was so pervasive it led to Federal laws and a creating a pollution Superfund that ‘Big Business’ had provide a financial bond, cover-up attempts, bribing dishonest legislators for favorable legislation, have been discovered and repeatedly exposed and prosecuted, hundreds of thousands of American jobs even whole industries that ‘Big Business moved to foreign countries to increase corporate profits, their rampant and public evading paying their American taxes, their record of deliberate non-compliance of OSHA rules and regulations legally required to protect American workers & using corporate profits to fund legal challenges and endless appeals of regulatory fines and conviction of illegal actions that a case can be made and easily that the current distrust, dislike and hated of Big Business was caused by Big Business.

]]>
By: usagadfly http://blogs.reuters.com/jack-and-suzy-welch/2012/09/14/business-haters-gonna-hate-but-who-gets-hurt/#comment-873 Mon, 17 Sep 2012 02:57:35 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=177#comment-873 If corporations are people, then why not have a corporation as President? Why not fill the entire cabinet and Congress with corporations? They are people are they not, you say.

The notion, while logical, is laughable. Corporations are organizations, not people. Corporations, except at the smallest level, are also very rarely run by entrepreneurs but by bureaucrats or salesmen. Corporations are almost never associated with one country or people. They are “stateless” by nature.

Business organizations do not need to be considered “people” to work well, and in almost all other countries confusing organizations and people simply does not happen.

]]>