Good Day, John, and other friends,
Getting old is better than than any of the alternatives, but it does make you
realize that the necessary work probably cannot be completed in the time we
have left.
You wrote, on 99-08-26, among other things:
>> The problem will be to get an international decision to draw-up and apply
laws based on any principles you define. <<
This idea came to mind only recently, that if each nation would impliment the
first and second rule of all well managed corporations, following Adam
Smith's First Maxim Of Taxation, the result might be a fairly stable and
prosperous global economy even if the nations could not agree on what
international decisions were needed. After all, our well managed
corporations do not share their methods with their conpetition.
Briefly stated, Smith's first maxim says that the expense of government is
like the expense of management. Not all of the ten corporations I worked for
were well managed, but none of them departed very far from, and each kept
secret from the public, these two rules:
1, Adequately fund the corporation's development (engineering) function
(about 10% of $sales), which for the commonwealth is the education and
support of all children.
2, Adequately fund the executive compensation budget (about 10% of $sales).
In the U.S. we pay our Congressmen about 4.5 times the average wage, or
$135,000/year. But our Congressmen and Senators must raise an additional
$1,000,000/year to cover their campaign expenses every two or four years.
Our elected representatives (? Democracy ?) face a greater financial obstacle
than a worker trying to support a wife and four children on the minimum wage.
And we wonder why corruption is so common.
My Figure 1 of the Global Model at
<http://www.freespeech.org/darves/bert.html> shows that only the U.S. and the
U.K. impliment the first rule at 50% of an adequate level, while the other
industrial nations fully implimented rule 1 by 1946. I don't have any data
on how well other nations impliment the second rule, but who ever pays those
campaign expenses, makes the laws.
Maybe these two rules would make sense to the public, if enough reformers
could agree on them and talk them up. When these two rules are followed,
every thing else is easy in the corporation.
Regards,
WesBurt
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