ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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Isn't "Creative Capitalism" simply the type of capitalism that was practiced by Henry Ford and by most of the Japanese economy?
The seminal case on the question of whether profits could be shared between employees and shareholders is Dodge v. Ford.
The way to split the baby is to observe that profit is more sustainable over very long periods of time when there is a fair balance between employees and shareholders.
If there's one thing I really admire about Bill Gates, it's how he deploys Michael Kinsley. Kinsley is married to the current CEO of the Bill and Melinda Gates Foundation. So that's how Kinsley gets to sit at the table with Gates and Buffet and ponder these things. Then he's free to go off and start a discussion. Just like with Slate, the existence of the discussion benefits Bill Gates. The outcome doesn't much matter. Nor will the obvious criticisms of Kinsley as moderator. Critics and detractors are free to discuss it elsewhere, but if they do, they're still discussing it. Playing the PR game (or any game) that way demonstrates a very rare confidence in one's own righteousness.
That said, I prefer modularity and separation of concerns. If wealthy people want to take a business approach to solving the world's problems, I would prefer to see them contract with for-profit concerns that can solve those problems with a profit motive injected. Government contractors are the model. Working as or for one, you can be very passionate about the work you do and still know you're going to get paid.