Most state - owned companies — such as the oil giant Petrobras in Brazil, state - owned banks in India, and state - owned enterprises in China — are wasteful and corrupt of which I give ample evidence in my book,
The Public Wealth of Nations (co-authored with Dag Detter).
This article draws on his book «
The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth «(Palgrave Macmillan).
Not exact matches
In The
Wealth of Nations, Smith wrote: «People
of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the
public.»
In the
public as well as the corporate sector, debt extraction is depleting the «
wealth of nations.»
This has quickly made technology companies the most valuable in the world, and added great amounts
of private and
public wealth to their home
nations.
After March 4, 2013, an International Arrest Warrant will be issued against these Defendants.The guilty verdict followed nearly a month
of deliberations by more than thirty sworn Citizen Jurors
of the 150 case exhibits produced by Court Prosecutors, The Court's judgement declares the
wealth and property
of the churches responsible for the Canadian genocide to be forfeited and placed under
public ownership, as reparations for the families
of the more than 50,000 children who died in the residential schools.To enforce its sentence, the Court has empowered citizens in Canada, the United States, England, Italy and a dozen other
nations to act as its legal agents armed with warrants, and peacefully occupy and seize properties
of the Roman Catholic, Anglican and United Church
of Canada, which are the main agents in the deaths
of these children
The culture
of consumerism and the chase for material symbols
of wealth and security have sometimes come to be dominant; the pursuit
of spiritual fulfillment in many has slowly begun to degenerate into empty and sterile ritualism; the legitimate thirst for education has often become perverted into an obsessive drive to acquire with the greatest speed the formal diplomas necessary to gain entry to jobs offering the easiest opportunities to make the quickest rupees; political statesmanship in some areas has begun to depreciate into an opportunities race for power and position; the spirit
of SEVA (Service) to the
nation has intermittently begun to be suffocated in many, by the abuse
of discretions, sometimes mediated by a bloated bureaucracy itself enmeshed in a vast network
of multiplying paper and self - proliferating regulations; menacingly many good and decent people even in
public life, have come to be corroded by a culture
of demanding corruption; and some potentially creative lawyers, have begun to take perverted pride in mere «cleverness», rendering themselves vulnerable to the prejudice that they are a parasitic obstruction in the pursuit
of substantive justice.
In any case, ease, luxury, and
wealth that in Solomon's days attained a relatively fabulous level,
public respect that became adulation, full opportunity to indulge his whims such as easily descends into self - indulgence, and not least the position
of king per se all combined to set the king apart from the simple state
of the
nation's leaders
of only a little before.
What conservatives and libertarians are most animated about nowadays is the abuse
of public - good authority, particularly as such authority has been misused for a very long time to tax and spend, not generally on
public goods like defense but on
wealth - transfer programs, such as social security, Medicare and Medicaid, and other entitlements — the kinds
of programs, in other words, that have effectively bankrupted Greece, are threatening to bankrupt several other European
nations, and are undermining the European Monetary Union.
To begin to reverse New York's most unequal distribution
of wealth and income in the
nation, Hawkins said the
public bank should have an entrepreneurial division to develop worker cooperatives in which profits are distributed more equitably according to labor contribution, not capital ownership.
For those
of us who cover the
nation's education crisis, it is easy to joke about the ranting and raving
of some defenders
of traditional
public education, who have what they consider to be clever names for charter schools and impugn the motivations
of reformers with
wealth (even as they defend teachers unions who bring in $ 622 million every year through dues collected forcibly from teachers who may or many not even support their aims).
Given the
wealth of diversity in our
nation's
public schools, it is no wonder that instructional theory is advocating a shift toward a pedagogy that emphasizes a comfortable and academically enriching environment for students
of all ethnicities, races, beliefs, and creeds.
Much
of the blame for the disaster in our
nation's
public schools today can be traced to the Walton family's
wealth, which in turn comes from the money people spend in their stores on school supplies and other items.
In this they seem to have fallen upon a very good expedient for their own happiness and safety; for since the good or ill condition
of a
nation depends so much upon their magistrates, they could not have made a better choice than by pitching on men whom no advantages can bias; for
wealth is
of no use to them, since they must so soon go back to their own country; and they being strangers among them, are not engaged in any
of their heats or animosities; and it is certain that when
public judicatories are swayed, either by avarice or partial affections, there must follow a dissolution
of justice, the chief sinew
of society.