Thursday, February 23, 2006

Welcome to the portfolio

At the heart of modern capitalism is the modern financial corporation. All corporations are financial corporations and are managed that way whether they are involved in pure finance or not. Business units, products, markets, human resources, and information technologies are all financial portfolios. They are there to generate share holder value. Nothing more and nothing less. They are financial assets to be bought and sold.

Modern American politics is composed of financial portfolios too. There are no longer political parties, philosophies, or even ideologies. What remains are political portfolios with ideas and concepts designed to garner share of mind that translates into votes, wealth, and power. If the political idea does not generate share holder value it must be sold to another party or become bankrupt.

We are all part of these portfolios whether we like it or not. Our differences are merely between who controls the portfolios and who does not.

Do you think there is a better place? Do you know the way to that place?


At 6:07 PM, Blogger Edie said...

You know what I would suggest: international socialism.

At 7:10 PM, Blogger Lynn said...


Thanks for the link. I have read that before.

I am definitely looking for some real alternatives this time around.

At 8:14 PM, Blogger Devang said...

I read something on slate which was sadly funny at the end... We're headed towards a seperation of parties politics at the top, rather than having seperation of powers.

At 8:31 PM, Blogger Renegade Eye said...

It still the same system, with two parties playing at being competitive.


At 8:47 PM, Blogger Devang said...

hmm.. I didn't mean to imply the two party system was good by any means. Like a canadian journalist said, the US is slightly better than the rest of the world, in that it has exchanged the welfare state for a warfare state. The two parties are hardly helping.

I'm for anything that will corporate power more democratically accountable... socialism, capitalism with regulation, even anarchism if it fits.


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