~ TA:FC ~ The Alternative: Family Capitalism

~ P-TATDOG-A-TMIBCS ~ Policies – To Ameliorate The Dangers Of Globalization – And – To Maximize Its Benefits Can Succeed

~ WTIO-OJIPO-EFBTV ~ When The Impact Of – Offshoring Jobs Is Pointed Out – Executives Frequently Blame The Victims

~ D-F-JW-ARAOHAND ~ Debt-Free Corporations – Juxtaposed With – A Record Amount Of Household And National Debt

~ RC-SOTTOGBSI ~ Regulatory Capture – Seizure Of The Tools Of Government By Special Interests

~ TOGS-G-WNLSTBACOTPOBB-I-IWSTGOOTW-O-EB-F ~ The Tone Of Government Shifted – Government – Was No Longer Supposed To Be A Check On The Power Of Big Business – Instead – It Was Supposed To Get Out Of The Way – Or – Even Better – Facilitate

~ SGO-WJIWT-RI-BIDFTRO-I-I-WPTRWTSIGWC-TCWRWCOI ~ Senior Government Officials – Whose Job It Was To – Regulate Industry – Became Increasingly Drawn From The Ranks Of – Industry – Itself – With Plans To Return When Their Stint In Government Was Complete – These Circumstances Were Rife With Conflicts Of Interest

~ WCG ~ Weak Corporate Governance

~ TCC ~ Tax Cut Cultists

~ ‘DDM’ ~ “Deficits Don’t Matter”

~ IP-RCD-RHD-RND ~ Illusory Prosperity – Rising Corporate Debt – Rising Household Debt – Rising National Debt

~ RID ~ Rising Income Disparity

~ EM ~ Economic Mythmaking

~ TS:SC-R-SC ~ The Shift: Shareholder Capitalism – Replaced – Stakeholder Capitalism

~ TRDORC:IO-MI-WO-ATI-L-O-BI-IO-T-PG-BSI-FFSTBCFR ~ The Revolving Door Of Regulatory Capture: Industry Officials – Morphing Into – Washington Officials – And Then Into – Lobbyists – Or – Back Into – Industry Officials – Their – Personal Gain – Blending Seamlessly Into – Fervor For Shielding The Business Community From Regulation

~ TGORIT-CMG-PAMCL-SA-THI-AA-PC-TCITFAB:TPMOOTP-ERT-W-P-RC ~ The Goal Of Regulation Is To – Corral Mankind’s Greed – Protect Against Mankind’s Cognitive Limitations – Such As – The Herd Instinct – And Also – Prevent Collusion – The Challenge Is To Find A Balance: The Proper Measure Of Oversight That Promotes – Entrepreneurial Risk Taking – While – Preventing – Regulatory Capture

~ AS”TFP-RC-BIFPITGOE-‘TIOT-P-OTBAT-OSFAIMBNF-PTOT-C’ ~ Adam Smith: The Father Of – Regulated Capitalism – Broadly Improving Family Prosperity Is The Goal Of Economics – “The Interest Of The – Producer – Ought To Be Attended To – Only So Far As It May Be Necessary For – Promoting That Of The – Consumer”

~ SC ~ Stakeholder Capitalism

~ SC-CW-W-TE-P-AWA-P ~ Stakeholder Capitalism – Concerned With – Wages – The Environment – Poverty – As Well As – Profit

~ SC ~ Shareholder Capitalism

~ SC-TOIAILM-WMAWTLDC-IAM-EBETUAAMMSINGOHW ~ Shareholder Capitalism – The Outcome Is An Insecure Labor Market – With Mean And Women Treated Like Disposable Commodities – It Also Means – Efforts By Employees To Upskill And Acquire More Marketable Skills Is No Guarantee Of Higher Wages

~ TSMIAO-AS-HIT-TBOCBEFATG-HGWTD-TBSPFCBBP ~ The Single Most Important Aspect Of – Adam Smith – He Intended That – The Beneficiaries Of Capitalism Be Every Family Across The Globe – His Goal Was To Divine – The Best Scheme Possible For Creating Broadly Based Prosperity

~ SC-TRGOMIMEC-BOMATCI-MC-W-E-NMPNMSR-M-NS-HBTBW-EALBTCARHAOEIHT ~ Shareholder Capitalism – The Real Goal Of Management Is Maximizing Executive Compensation – Because Of Management’s Ability To Control Information – Managerial Capitalism – Where – Enterprises – Neither Maximize Profits Nor Maximize Shareholder Returns – Management – Not Shareholders – Has Been The Big Winner – Executives Are Little Better Than Consumers At Resisting Herding And Other Economically Irrational Human Tendencies

~ MC ~ Managerial Capitalism

~ ‘TM’-B-‘NE’ ~ “Too Much” – Became – “Never Enough”

~ MFI-EP-SC-AVOC-EMTPECWDTPO-S-A-T-F-I ~ Market Failure In – Executive Pay – Shareholder Capitalism – A Version Of Capitalism – Enabling Management To Prioritize Executive Compensation While Deemphasizing The Prosperity Of – Shareholders – And – The – Firm – Itself

~ S-T ~ Short-Termism

~ S-THSTI ~ Short-Termism Has Spread To Investors

~ S-THHHCI ~ Short-Termism Has Hobbled Human Capital Investment

~ EFC-I-TAO-S ~ Evolved Family Capitalism – Is – The Antithesis Of – Socialism

~ C-IT-WOI-R-E-A-EG ~ Competition – Is The – Wellspring Of Invention – Rising – Efficiency – And – Economic Growth

~ ST-F-UI-O-W ~ Shifting Taxes – From – Unearned Income – Onto – Wages

~ DOC-A-E-F-AEB-I-J-WD ~ Deregulation Of Commerce – And – Especially – Finance – Always Ends Badly – Instability – Joblessness – Wealth Destruction

~ ‘STB’ ~ “Starve The Beast”

~ TM:TTAEG ~ The Myth: That Taxes Affect Economic Growth

~ TM:TPIEREE ~ The Myth: That Promoting Income Equality Reduces Economic Efficiency

~ TM:TEAUCSWS ~ The Myth: That Education And Upskilling Can Solve Wage Stagnation

~ FC:TDOTMAA-OGAYTTHPONSAF ~ Family Capitalism: The Dictates Of The Marketplace And Age-Old Greed Are Yoked To The Higher Priority Of Nurturing Society And Families

~ THAS-ST-S-DAAD-D-MN-AWYOWTD ~ Tax Havens Are State-Sponsored Thieves – Serving – Drugs And Arms Dealers – Despots – MultiNationals – Along With Your Ordinary Wealthy Tax Dodgers

~ GCBABOAB ~ Globalization Can Be A Boon Or A Bane

~ VHD-EAU-AW-I-U-A-R-SN-TAB-CDITCDP ~ Voters Have Demanded – Education And Upskilling – Along With – Income – Unemployment – And – Retirement – Safety Nets – To Avoid Becoming – Collateral Damage In The Creative Destruction Process

~ SAUFTJ ~ Support And Upskilling For The Jobless

~ HMWIPG ~ Higher Minimum Wages Incentivize Productivity Growth

~ MWAAEAM ~ Minimum Wages Are An Effective Antipoverty Mechanism

~ DMWCJ?-NEOAUEE-HARMWCWJCAFU ~ Do Minimum Wages Cost Jobs? – No Evidence Of An Unemployment Effect Exists – High And Rising Minimum Wages Coexist With Job Creation And Falling Unemployment

~ AEFSSG ~ An Enlarged Financial Sector Slows Growth

~ EPEPG ~ Employee Protections Enhance Productivity Growth

~ T-FCC-HDT-STRFES-ANO-TPTS ~ The – Family Capitalism Countries – Have Demonstrated That – Steps To Reassert Family Economic Sovereignty – Are Not On – The Path To Serfdom

~ CIG-CBR-B-BCOIIPO ~ Confidence In Government – Can Be Rebuilt – By – Banning Conflicts Of Interest Involving Public Officials

~ M/SC-EECATS-T-O-RTS-I-R&D-O-FPAS ~ Managerial / Shareholder Capitalism – Exalts Executive Compensation And The Short-Term – Over – Returns To Shareholders – Investment – R&D – Or – Firm Property And Survivability

~ RRW ~ Raise Real Wages

~ IEMWEAAP ~ Improve Economic Mobility With Education And Apprenticeship Programs

~ TR-I-CTH ~ Tax Reform – Including – Closing Tax Havens

~ TFPC-B-ATBB ~ Time For Political Courage – Bootstrap – At The Ballot Box