Doing Well By Doing Good in Not-So-Good Times

The Good Business Network

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The Rise of Socially Responsible Businesses

03 min 54 sec

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01 hr 21 min 10 sec

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Joe Loyd

Posts: 1

Posted: 05.26.09, 06:41 PM

At about a minute and a half into this presentation, the speaker says she has returned from a conference where "the thinking is that capitalism didn't work out so well". How would we know? With the government intervening at every opportunity with corporate welfare, barriers to entry, high taxation, the Federal Reserve meddling in the capital markets, the repeal of Glass-Steagall, the refusal to watch the credit default swap market and on and on ad infinitum, there is and has not been true capitalism in this country for a long, long time.
Government should be protecting our liberty and nothing more. It is desirable for government to know what is going on in the markets and to warn us or even intervene when parties are violating the law or threatening our well being. It is not OK for government to participate in the market. That is not capitalism.
Now that that's off my chest, I can return to the discussion on philanthropy.

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