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F. George McDuffee F. George McDuffee is offline
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Default Income gap between rich and poor

On Fri, 23 Apr 2010 14:02:42 -0700, "John R. Carroll"
wrote:

Ed Huntress wrote:

Hmm. There was a brief article by a Germany expert in Harper's a few
months ago. It's pretty light but you'll see the general idea,
without the numbers. This may or may not be behind a pay firewall --
I'm a subscriber, but it seems to be accessible without logging in.
Give it a try:

http://www.harpers.org/archive/2010/03/0082859


http://www.newheadnews.com/harpersGeoghegan/index.html

=========

Geoghegan raises some interesting points, however it all boils
down to Lord Acton's astute observation "power corrupts and
absolute power corrupts absolutely." How well this would work in
the U.S. is problematical without wholesale replacement of the
officers and senior management. As you delve into corporate
history, particurarly of those US firms that went bankrupt, it is
instructive to note how many times an "Imperial" CEO with an
attitude was directly responsible.

Several well known German [export] companies have become
embroiled in bribery scandles, so their "export success" may not
be entirely due to the three factors listed in the article, but
rather the application of considerable sums of money to "smooth
the way."

http://www.spiegel.de/international/...686513,00.html
http://www.spiegel.de/international/...686238,00.html
http://www.spiegel.de/international/...685408,00.html


Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).