Drudge Retort: The Other Side of the News
Monday, December 03, 2018

David Leonhardt: The October 1944 edition of Fortune magazine carried an article by a corporate executive that makes for amazing reading today. It was written by William B. Benton -- a co-founder of the Benton & Bowles ad agency -- and an editor's note explained that Benton was speaking not just for himself but on behalf of a major corporate lobbying group.

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People, this is not hard ...

Who Stole The America Dream?
youtu.be

#1 | Posted by PinchALoaf at 2018-12-03 07:32 AM | Reply

Good read but I wish it didn't devolve into a fluff piece on Warren. I like her but the first topic was more interesting.

#2 | Posted by qcp at 2018-12-03 10:25 AM | Reply | Newsworthy 2

Capitalism works fine and is a great system. Unchecked and uncontrolled greed is the problem. And that's a problem with ALL systems. No matter what we choose to use as our economic system, uncontrolled greed will make it worse and worse over time until it's negative aspects outshine the positive aspects of the system.

The problem is, trying to add controls just introduces more avenues of greed abuse by the ones making the controlling rules. Blaming Capitalism is just partisan hate so one group of people can feel righteous regardless that it does nothing to fix the system.

#3 | Posted by humtake at 2018-12-03 11:50 AM | Reply | Funny: 1


The CEO view of capitalism went from a "rising tide raises all ships" scenario to a "grab all the money for yourself" type of scenario.

#4 | Posted by LampLighter at 2018-12-03 12:12 PM | Reply | Newsworthy 1

Capitalism works fine and is a great system. Unchecked and uncontrolled greed is the problem. And that's a problem with ALL systems. No matter what we choose to use as our economic system, uncontrolled greed will make it worse and worse over time until it's negative aspects outshine the positive aspects of the system.

The problem is, trying to add controls just introduces more avenues of greed abuse by the ones making the controlling rules. Blaming Capitalism is just partisan hate so one group of people can feel righteous regardless that it does nothing to fix the system.

#3 | Posted by humtake

One side wants to fix capitalism so it survives without destroying society. The other side wants to see how fast they can let capitalism's winners suck up all the wealth in the world.

Pick a side.

#5 | Posted by SpeakSoftly at 2018-12-03 12:21 PM | Reply | Newsworthy 2

"The problem is, trying to add controls just introduces more avenues of greed abuse by the ones making the controlling rules."

You're saying the problem with Capitalism is... Capitalists can't be expected to follow the laws.

#6 | Posted by snoofy at 2018-12-03 01:05 PM | Reply | Newsworthy 2

I agree. When the profit earned from breaking the law is greater than the profit lost to punishment, the Capitalist will break the law every time.

And this isn't even taking into account you have to get caught, and then convicted, to face any punishment in the first place.

Capitalism only understands two things, profit and loss. Whether or not something is legal isn't even on the balance sheet.

And when a person behaves this way, doing whatever they want regardless of what society thinks, up to and including rape, the Capitalist mythology of Ayn Rand calls him Superman.

#7 | Posted by snoofy at 2018-12-03 01:12 PM | Reply

The problem is, trying to add controls just introduces more avenues of greed abuse by the ones making the controlling rules.

#3 | POSTED BY HUMTAKE

Scandinavia says otherwise. Some of the happiest people in the world.

#8 | Posted by Derek_Wildstar at 2018-12-03 01:22 PM | Reply | Newsworthy 2

Scandinavia says otherwise. Some of the happiest people in the world.

#8 | Posted by Derek_Wildstar

Funny how not having to stress about college or healthcare changes your overall happiness.

But we're too stupid to learn from others' good ideas.

#9 | Posted by SpeakSoftly at 2018-12-03 01:44 PM | Reply | Newsworthy 1

I would like to read the entire article written by Benton.

And the opinion piece claims he was speaking for executives.

Benton was an advertising executive, BTW.

This is not evidence that executives and business leaders cared more for workers then than they do now.

#10 | Posted by eberly at 2018-12-03 02:11 PM | Reply

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Funny how not having to stress about college or healthcare changes your overall happiness.
But we're too stupid to learn from others' good ideas.

#9 | POSTED BY SPEAKSOFTLY AT 2018-12-03 01:44 PM | REPLY

republicans get elected on fear and rage. happy people don't vote republican. Those good ideas are a double whammy against republicans. If they allowed them people would find out the Democrats were right and they would be happy. They need people to be in pain and blame the democrats for it to get elected.

#11 | Posted by hatter5183 at 2018-12-03 02:13 PM | Reply

"She has proposed a bill in the Senate...that would require corporate boards to take into account the interests of customers, employees and communities. To make sure that happens, 40 percent of a company's board seats would be elected by employees."

Anyone think this is a bad idea?

It sounds like it would give the workers a real voice.

It might also help balance the quid pro quo situation in US boards, where CEOs from companies X and Y determine the compensation of CEO Z, who in turn sits on the board of companies X and Y.

#12 | Posted by schifferbrains at 2018-12-03 03:31 PM | Reply | Newsworthy 1

Socialism brought us 40 hour week, pay for overtime, severance pay, paid time-off, abolished child labor...etc.

capitalism is like the board game "Monopoly". Capitalism keeps adopting socialist ideas! which is good in a way.

#13 | Posted by abu_laith at 2018-12-03 07:41 PM | Reply | Newsworthy 1

Socialism brought us

Has no idea what that term means...

#14 | Posted by Rightocenter at 2018-12-03 07:48 PM | Reply | Newsworthy 2

"This is not evidence that executives and business leaders cared more for workers then than they do now."

Okay, but... what would be evidence of that?

#15 | Posted by snoofy at 2018-12-03 08:18 PM | Reply

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