Wednesday, August 24, 2011
An Unequal Relationship
There is growing evidence of the disorder surrounding commercial companies. Any commercial enterprise has three groups of players: the owners (often shareholders) who have invested capital in the enterprise, the staff who have invested time and effort, and the customers who pay for the goods or services produced. What is beyond question is that the owners are getting a disproportionate amount of the benefit as manifested by high profits. Where profits are high we know that customers are paying too much, staff are being paid too little, or both. Since customers and staff well outnumber the owners why not apply some of the principles of that sacred institution - democracy? Work in progress.