On Sun, Mar 07, 2004 at 12:39:03PM -0800, Doug Pensinger wrote: > Erik wrote: > > >Then the company officers and/or directors are disloyal to their > >owners/shareholders. > > Since owners/shareholders benefit from a government that nurtures > their industry
Wrong. They don't, not if it means tariffs, subsidies, or other free-trade restrictions. (in aggregate, anyway -- if the government puts a tariff on steel imports then the owners of the steel producing companies are happy, but the steel consumers, such as automakers, are unhappy, as well as most consumers) > and from dedicated employees, If they benefit from dedicated employees, then that will show up in profits. If it does, then there is no need for government intervention. > differentiating them from company officers and/or directors is > disingenuous. No, but the concept of "loyalty" here is naive and simplistic. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
