4 ms·
I think one of the hard truths is that corporate managers and executives are often disconnected from the decisions they are making and the negative impacts of t
by icu 4y ago
I think one of the hard truths is that corporate managers and executives are often disconnected from the decisions they are making and the negative impacts of those decisions are pushed on to employees.
There aren't many solutions to this problem besides better voluntary ethical treatment of employees or compulsory enforcement via a set of professional standards set by a 'management body', a 'management regulator' or well written employment laws.
However, having said this, I don't think many US based management or executives would want to be constrained in this way due to cultural perspectives around capitalism. I've spent a lot of time thinking why socialist policies are part of the zeitgeist in the UK but not the US. I think it's due to a historical hangover of industrialization and having a society where there was the rapid exploitation of workers and especially children. I think socialism in the form of worker rights and healthcare was an upper-society response to squalor and destitution being in the face of the political elite in London. My somewhat jaded view is that socialist policies in the UK are setup so that instead of the wealthy paying for a greater proportion of the negative externalities caused by industrialization and capitalism, everyone, would pay in an "equal" way. However equal isn't quite equitable because National Insurance employee deductions are capped out at 2% above a salary threshold of £4,189 a month.
No I'm not saying capitalism is bad or that socialism doesn't have problems. I think free market capitalism is good in many cases, it just needs to be constrained by high ethical standards. However, I don't think free market capitalism can solve all the challenges we face in society and Western democracies need a Government mechanism to address wealth inequality otherwise the foundations of society start to break down.
In comparison the US, with it's vast land mass and varied dispersed resources, industrialized in a more distributed way, the exploitive effect of industrialization was far away from Washington DC. Even now I think US politicians still don't viscerally understand the human suffering caused by the hollowing out of blue collar jobs due to globalization.
For a time I thought 'triple bottom line' might work, but it seems like ESG has taken over with an emphasis on the environment and not people. While I care deeply about Mother Earth, realistically I think people who are struggling to survive have no mental space to consider their environmental impact.
- unity1001 4y ago> I think socialism in the form of worker rights and healthcare was an upper-society response to squalor and destitution being in the face of the political elite in London They weren't. The upper classes did everything in their power to prevent the plebs from getting ANY right whatsoever. Churchill even sicced the military at the striking workers at the turn of the century. All of those gains were made by the people fighting tooth and nail. Especially after Ww II, when the USSR did not 'just collapse because socialism is not sustainable' like the British press was screaming about during the interwar years, it made a great case for the people pushing their agenda and the Labour party was able to do all the reforms that the neoliberals have been bit by bit dismantling over the last 40 years.
- wildrhythms 4y ago> There aren't many solutions to this problem besides better voluntary ethical treatment of employees or compulsory enforcement via a set of professional standards set by a 'management body', a 'management regulator' or well written employment laws. ...a labor union?