Dear andrei and all of you asking what is REAlY bothering me and if profit as a goal is wrong what is the alternative
The answer is another blog or a whole book
Bottom line:
Marx was right in diagnosis. Wrong in the prescription
Capitalism leads to destructive disintegration
Socialism to debilitating paralysis
As churchil said: capitalism is unequal distribution of wealth ;socialism equal distribution of poverty
The answer is not in either or but in integration of the best of both:
Capitalism in market place socialism inside companies ( to be elaborated in a book when i have time to write)
As to what should be the goal of management if not profits?
Profit should be a constraing goal
A company should have no less than x to have for future growth to attract capital
The deterministic goal is to have a healthy well aligned company
What does it mean to be a healthy system? it
Means to be both effective and efficientnin short and long time which means all PAEI roles performed and capi in place which means all components comprising the company have shared interests
Since this is utopian to expect we need a culture of MT and R
( another book to be written)
When?
I should live long enough
Best to all
Just thinking
Published on September 14, 2014 04:34