Monday, June 30, 2008

Now this is creative, and capitalistic

Can the world's greatest capitalist be wrong about how to make it better? Steven Landsburgh thinks so:

If you encourage corporations to do more good (in the form of philanthropy, etc.), then you detract from their primary mission. If you encourage corporations to do less bad, then you *enhance* their primary mission.

If Archer Daniel Midland wants to get creative, I’d like to see them abolish their lobbying arm and let the sugar quota expire. If the oil companies want to get creative, let them refuse on principle to accept subsidies for offshore oil drilling. Let the auto and steel industries announce that they will no longer lobby for tariffs or other forms of protection.

1 comment:

  1. To be successful in life, it is absolutely vital that we are creative, as without that it is not possible to get success here. I do Forex trading and there we have to be very creative in order to get success, if we are not creative enough then we are meant to lose. I trade with OctaFX broker; it is a truly awesome broker with having low spread of 0.2 pips, high leverage up to 1.500 while there is also smooth platform that helps me trade easier.