spokesNspin

I know it is time to get back to writing about bicycling.  I am just not there quite yet. 

I am currently reading The Affluent Society by John Kenneth Galbraith.  Given the state of our current economy, I decided it was time to dust off this classic and take another look.  This book was first published in 1958.  Much of what he wrote is so relevant today.

Here is one small paragraph from the book:

There is a surviving conviction, even on the part of the executives of the largest business corporations, that they live dangerously. No large industrial corporation in the United States, which is also large in its industry, has failed or been seriously in danger of insolvency in many years. Where there has been danger, the government has come to the rescue. The security of tenure of corporation executives is remarkably high. So is their remuneration. Certainly these bear no resemblance to the insecurity of the fortunes of the business entrepreneur of the competitive model.

The only thing he has left out that is relevant today is the Golden Parachute of the the modern executive.

Update to add a relevant comic.

This entry was posted on Saturday, November 8th, 2008 at 11:14 pm and is filed under Politics, News & Social Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.