I think TIME has proven this to be a failed economic policy. As you'll read in this article , even President G.H.W. Bush, saw it as a sham, calling it "VooDoo Economics." And as the first Pres. Bush would also say, "JUST SAY NO!" I stated in one of my first posts : We have CEOs who live in ivory towers. We have a conservative base who still believes some of that wealth is going to trickle down out of the ivory tower and magically make a difference at ground level. Has it made a difference in your life? In evaluating the effects of Reaganomics,  Paul Krugman points out in his January 2008 NY Times Op-ed , "But while the rich got much richer, there was little sustained economic improvement for most Americans. By the late 1980s, middle-class incomes were barely higher than they had been a decade before — and the poverty rate had actually risen." We NEED our middle class. And while I don't think the rich should be taxed at 91%, it shouldn...

This business owner GETS IT! Jonathan Wallace, a New York attorney and activist that once led a highly successful tech business, has been a writer and lecturer for a number of years on topics related to government, ethics, law, economic and social issues. In 1996, he launched Ethical Spectacle , a website where he shares his views on the world. That's where I stumbled upon his online article, " Compassionate Capitalism ," the day that I started this blog. The thing that struck me most about his article is the following axiom. Two other successful businessmen who get it are Marc Benioff (Salesforce.com) and Alan Hassenfeld (Hasbro, Inc.). The former authored a book, Compassionate Capitalism: How Corporations Can Make Doing Good an Integral Part of Doing Well , in 2004, and the latter wrote the foreword. Hassenfeld, who was CEO of Hasbro, Inc., before becoming Chairman of the Board, implores his capitalist colleagues to become more socially responsible by connec...

WHY wrongcapitalism.blogspot.com? Truth be told, "compassionate capitalism" was already in use. And we've been practicing "wrong capitalism" since the foundation of this republic, I'm afraid. As I stated in my very first blog post, WHY? , I want this blog to stand for something. It's stated purpose is to take the "I" out of capitalism. Yes, there are two I's, but my point being that self-centered capitalism has another name: GREED. You'll notice the color of the header on this post is green. We've been singularly focused on the Almighty Dollar for far too long. And where has it gotten us? We are the richest nation in the world and poverty still affects millions of us. According to UCDavis, and I just Googled this today, "The official poverty rate is 13.5 percent, based on the U.S. Census Bureau's 2015 estimates. That year, an estimated 43.1 million Americans lived in poverty." Can you wrap your head around th...

Why this blog, you may be asking yourself. Well, WHY did you land here? What made you stop and look? I'll tell you my reasons for WHY, if you'll tell me your's in the comments below. I was walking to work through a London-type mist on a late spring morning. It was early June and we were experiencing a cool, dreary morning, probably the last bit of cool we'd feel in my neck of the woods for quite some time. And it had me thinking. At the time, the hearings on Capitol Hill about the whole Trump-Russia affair were just getting started. I had a bad taste in my mouth for all things political, especially where it concerned conservatism and capitalism. You see, I'd been raised a staunch conservative all my life. If it hadn't been for my mom, I would've never even considered anyone's well-being but my own. And on this dreary morning in June 2017, on my 4-mile walk to work, I was asking myself, "Who's going to take care of th...