Pilant's Business Ethics

Business Ethics Blog

Tag: Business and Economy

The Political and Economic Crisis in Ireland

An Examination of the Political and Economic Crisis in Ireland

I very much enjoyed this documentary. I find it insightful. A citizen of Ireland who worked as a foreign correspondent returns home and looks at his country with some perspective.

It’s easy to see the very similar problems in both the United States and Ireland. In both cases, the government baled out the banks without asking any serious questions nor taking into account the actual value of the bank loans. In both cases, a real estate bubble that was clearly propelled by speculation was considered to be a safe and continuing source of prosperity for the country. And in both cases, the taxpayers wound up footing the bill, while unemployment doubled and services were reduced.

In other words, the well connected walked away and discussed with great seriousness their loss of reputation and minor financial irritations, while the great majority of the nation’s citizen’s suffered for their crimes.

This is, of course, a business ethics issue. We should live under the same law. It would appear that investment banks live in a different world where obedience to many laws is optional and should they break the few left, they are only fined. We, the public, live under a different system.

James Pilant

Ireland The Rise and Fall of the Economy, Real Estate, Development – YouTube

 

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The Work of Luke H. Lee

Example of supply chain

Image via Wikipedia

Keeping a web site and maintaining it can be a real pain but one of the great pleasures of it, is that you get to provide support to your friends to get the word out about their ideas. Here is a piece from my blogging friend, Luke H. Lee.

The article is significantly longer than this small excerpt and you probably need to see the diagrams for full understanding. So please read the whole thing.

James Pilant

Realizing a better world

If a public information-based supply chain infrastructure system is developed and fully implemented in the real market, the existing efficiency-oriented market process would be changed to a more effectiveness-oriented market process, which is more suitable for the modern information market. This would significantly contribute to the improvement of employment on the whole. The self-generation capability of the market would improve as well.

Luke Ho-Hyung Lee

With the influence of this new, more effectiveness-oriented supply chain process, the existing competition by size would change into competition by quality and service. The existing efficiency-oriented mass production process and mass-market consumption model would also be altered into a more effectiveness-oriented, diversified, or individualized production and consumption system. Owing to these changes, local employment conditions would improve considerably, and the business environment for middle- and small-sized companies and for the general service industry would improve significantly. Moreover, companies that off-shored and outsourced to lower labor cost countries would come back to the domestic arena

Realizing a better world

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