Re: modern science = underfunded projects


Straydog wrote:

Probably the worst thing going on in the USA, now, (besides our idiot
president), is this vast sea change in attitude among our executives. It
is a shift from "doing good business" to "rip off, cheat, steal, trick,
etc." any way you can. The proof is in books like Michael Lewis' "The
Money Culture" and "Barbarians at the Gate". And, US CEOs make so very
very much more than rank and file than CEOs anywhere else in the world
(this is also regularly covered in the WSJ, so I'm not making it up).


An interesting question is why this shift has happened? Apparently it
is because market conditions favor this type of business over the old
one. I think it is because of monopolization and extreme concentration
of capital in few hands. Those are conditions when you stop worrying
about "doing good business".

In principle, without state intervention it is a natural process. If
you open a brand new field of business and let it go most of initial
players are cannibalized and only few, in extreme cases only one,
survive. I red the statements of government officials about the FED
stance on small and medium defence contractors. They systematically
have been eliminating them giving the contracts to only large
companies. So, partially the federal government has accelerated the
monopolization process instead of hamper it.

Old Pif

.

Quantcast