Tagged: corporate profits

Big banks, corporations and Wall Street are making record profits, but workers, small businesses and Main Street are suffering. Will voters blame President Obama or the real culprits?

After decades of deregulating and tax-cutting for the wealthiest corporations and the rich (so these ‘job creators” will help the economy, supposedly), results show that the theory of “trickle-down” economics – which claimed that benefits gained by the affluent eventually will drip down to the rest of us – has failed.

The mere title of Larry Bloom’s decent trade paperback – The Cure for Corporate Stupidity: Avoid the Mind-Bugs that Cause Smart People to Make Bad Decisions – might attract anti-corporate types tempted to accumulate more ammunition to bolster existing attitudes against the powerful business structure. But its contents would most benefit business managers who want to prevail and do good work while avoiding mine fields. Or, “mind” fields, with a “D.”