By Ted Rueter
Ted Rueter panders to Democratic occasion strains by means of gathering 370 oratorical guffaws credited to renowned politicians. labeled in alphabetical order and awarded by means of topic subject, the quips include:
Forgiveness: "In the Bible it says they requested Jesus what percentage occasions we must always forgive, and he acknowledged seventy occasions seven. good, i would like you to understand that I'm protecting a chart." --Hillary Rodham Clinton
Me: "I am Al Gore, and that i was the subsequent president of the U.S. of America." --Al Gore
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Additional resources for 185 Stupid Things Democrats Have Said
Of course, if the incentive systems have been properly designed, managers will find it to be in their interest to maximize shareholder value (in the same way that doctors generally find it to be in their interest to cure their patients). But this is accidental and irrelevant from the moral point of view. In the case of a conflict, the obligations simply trump the relevant set of interests. Where things get interesting is when multiple obligations conflict, as in the case of a doctor who can improve a patient’s chances of survival by lying to him about his condition, or of a manager who finds herself able to please investors by initiating an unnecessarily severe downsizing.
It is through these tangible, incremental efficiency gains that the private market system has established its merit. Thus, instead of offering a “top-down” justification of profit-seeking—through appeal to the general equilibrium of the economy as a whole, one could adopt a more “bottom-up” strategy, which would appeal to the particular efficiency gains that the firm is able to realize among its shareholders, its employees, and its customers. We can think of this approach as a “resource custodianship” perspective.
Finally, in order to make the model more “realistic” consumers get aggregated together into “households,” and suppliers into “firms”—each of which is thought to maximize some joint utility function. While everyone understands that “the firm” is something of a black box in this analysis, the result is still an unhelpful blurring of the boundaries between the pursuit of self-interest and the maximization of profits. Stark, for instance, variously describes the conflict that managers face as one between “self-interest and altruism,” “ethics and interests,” “ethical demands and economic realities,” “moral and financial costs,” “profit motives and ethical imperatives,” and even “consumer’s interests” versus the “obligation to provide shareholders with the healthiest dividend possible” (Stark 1993: 44).
185 Stupid Things Democrats Have Said by Ted Rueter