Word: robber
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...their actions. Today, he would fit in comfortably with an overwhelming majority of business students and teachers whose role models are celebrated captains of piracy. Since the 1980s, as neo-conservatives have captured the Republican Party, America’s business education has also increasingly become contaminated by the robber baron culture of the pre-Great Depression...
Meanwhile, American economics study has increasingly become a pseudoscience of mathematical formula manipulation that is devoid of humanity. This economics has conquered America’s business education and become fused with the robber baron culture of greed supremacy. American MBAs are taught to treat ordinary employees as disposable costs and to swallow uncritically the gospel that corporations exist only to reward abstract stockholders. MBAs are taught the pretend-science of manipulating accounting, finance, employees, customers, and stock prices. Financial games and hostile takeovers of competitors are taught to accomplish corporations’ sole objective—to make money...
...justify the robber baron culture, America’s business educators and economists falsely cite their demigod of laissez-faire market economics, Adam Smith. Little do they know that Adam Smith in fact scathingly castigated Bush’s type of government: business collusion and unfair taxes, Wal-Mart’s exploitations of labor and communities, and robber barons’ hubris. Nowhere in his 900-page book, The Wealth of Nations, does Smith even imply that those who knowingly harm others and society in their pursuit of personal greed also benefit their society. He rejects the notion that...
...local officials and property developers for new public and private projects. Meanwhile, according to a report released last year by the Chinese Academy of Social Sciences, urban incomes have grown so rapidly that they now exceed rural incomes by more than 300% on average. "China is in the robber-baron stage of its economic development," says Nick Young, editor of the Beijing-based China Development Brief, a quarterly journal on civil society. "People are dispossessed, and that causes social strains...
...what’s more important: the safety of the city’s school children or whether school bus drivers feel ‘spied upon?’” The ensuing two-hundred-word editorial could have been penned by a nineteenth-century robber baron. Also, in case you were wondering: “Guess what happens when courts, not legislators, make laws? There’s a backlash. Duh.” Don’t have...