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Theory & Event - What Is To Be Done? In lieu of an abstract, here is a brief excerpt of the content: Occupy Wall Street, or better described, the 99% movement, represents a delayed reaction to the political economy of inequality, crisis, military adventurism, and corporate authoritarianism of the last 30 years.
It carries the potential to energize the democratic left, to pull Obama and Blue Dog Democrats toward the left, to mobilize local energies, and to awaken a yet larger section of the American populace. One question the media poses, now that it can no longer simply ignore this movement, is, "What do these people want? " "What do they stand for, anyway? " Below are a few interim answers to such questions. 1. 2. Anvil Business Club - Creative Destruction. The first Standard and Poor's index of 90 major US companies was created in the 1920s.
The companies on that original list stayed there for an average of 65 years. By 1998, the average anticipated tenure of a company on the expanded S&P 500 was 10 years. Last year alone, the folks at Dow Jones Inc. delisted three companies from the Industrial Average â€“ AT&T, Eastman Kodak and International Paper. If history is a guide, over the next quarter century no more than a third of today's major corporations will survive in an economically important way. So conclude Richard Foster and Sarah Kaplan in the best-selling Creative Destruction: Why Companies That Are Built To Last Underperform the Market -- and How to Successfully Transform Them. In a comprehensive study of more than 1,000 corporations in 15 industries over a 36-year period, the authors show that the corporate equivalent of El Dorado -- the golden company that continually outperforms the markets -- has never existed.
Want a Better Economy? History Says Vote Democrat! What Kind of Economy? About the Author James K.
Galbraith is author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should... Also by the Author Economists and wonks respond to Thomas Geoghegan's essay “What Would Keynes Do?” A big deficit-reduction program would destroy the economy two years into the Great Crisis. In a debate over the Democratic future, no one should confuse the Hamilton Project with the Republican past. But these advances come at a price, which will be exacted in two areas: the world trading system and domestic fiscal policy. Progressives shouldn't let this happen. Chomsky on Socialism.