Also remember that, especially when you’re a skilled laborer, nothing takes “only 10 minutes.” It took you years and, if private education was involved, probably thousands of dollars to be able to do that thing in 10 minutes. By forgetting this, you devalue yourself and your craft.
Is the world moving towards more or less competition in capital-intensive industries?
One thing I learned from their paper is that there’s been a remarkable rise in the profitability for the very top tier of firms ..
.. The high-return firms seem to be mostly in healthcare and information technology, not in traditional capital-intensive sectors such as manufacturing. Perhaps globalization is one reason for this. In manufacturing, globalization arguably has led to a pretty dramatic increase in competition. In information technology, globalization lets a firm such as Google use the same technology and ideas to earn high profits in the United States, and also Europe and elsewhere.
Academics Are More Likely to Uphold Education’s Best Practices as College Presidents
A situation like this played out recently at Mount St. Mary’s University when the president, a former private equity financier, asked faculty to identify freshman who were not initially succeeding — so he could encourage these freshmen to leavebefore their departure would decrease the school’s federally reported retention rate, and harm its national rankings. Faculty refused to comply, recognizing that their primary obligation to struggling freshmen was academic guidance and support.
The president’s plan may have made sense for a businessman cutting his losses and gaming the system, but it would have done nothing to support students.
Donald Trump, Crony Capitalist
The Trump phenomenon caught everybody by surprise. Yet it is a manifestation of a fundamental contradiction long present in the Republican Party: Despite fierce anti-big-business sentiment among many Republican voters, no Republican candidate has emerged to champion them.