Burgess COMMENTARY

Peter Burgess

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https://www.youtube.com/watch?v=NOUJFtUfbDQ&index=2&list=PL8sELjFjXUp_DQTbCIUsiAnO1VIt5MUyf 170314 https://g.co/doodle/xqw3tb http://reports.climatecentral.org/atlantic-city/sea-level-rise/ 170515 http://www.livescience.com/59102-elon-musk-demos-electric-sled.htm https://www.newamerica.org/nyc/events/wall-streets-stake-un/ https://en.wikipedia.org/wiki/Brampton_Railway https://en.wikipedia.org/wiki/Stephenson%27s_Rocket https://www.youtube.com/watch?v=ySzqM5dpF7s Ripple http://www.alternet.org/food/what-wrong-you-michelle-obama-savages-trump-gutting-her-legacy http://www.truth-out.org/news/item/40535-states-vs-congress-on-ceo-pay http://www.truth-out.org/news/item/40579-coral-reefs-generate-half-of-earth-s-oxygen-and-they-could-all-die-off-by-2050 http://www.blockchainforwallstreet.com/?mc_cid=cf9ee8914f&mc_eid=406c98aa63 https://www.afponline.org/trends-topics/topics/articles/Details/what-s-a-smart-contract-and-why-should-treasurers-care/ 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I studied engineering and economics at Cambridge and graduated in 1961. I became a Chartered Accountant in 1965 and have been involved in both corporate decision making and assisting in international development and humanitarian relief. Much of capitalism is very good, but bits of it are rotten to the core. I believe it is important to be clear about what is good and what is not ... and in fact to start measuring not only the profit of the company and the increase in the stock price, but to measure with numbers the impact a business has on society and the environment. Without such metrics, serious long term value investors cannot make good decisions and are always in danger of being upstaged by the gamblers. Peter Burgess ( http://truevaluemetrics.org ) 1 • Edit• Reply•Share › Avatar brucebennett PeterBurgess • a day ago Your comments seem to support the notion that capitalism was the only way to achieve a 'huge improvement in quality of life' but that isn't true. Social democracies like Sweden are making the American system look archaic and inhumane while creating vibrant economies that are better than ours. For evidence of this I urge people to look at the Young Turks on YouTube by typing in 'How Swede It Is' and see for yourself. One of the great con jobs of our time is that the present form of capitalism is the best way that goods and services can be created. The glories of the so-called 'free market' from apologists like Milton Freeman is a myth. 8 • Reply•Share › Avatar blonderealist brucebennett • a day ago I submit that a key reason those Social Democracies - such as Sweden, Denmark, Norway, etc. are able to finance their generally excellent social welfare programs is because of capitalism. I say this not as a criticism of those countries' systems, only as a recognition that capitalism is in many ways alive and well throughout Europe. 1 • Reply•Share › Avatar brucebennett blonderealist • a day ago Yes, a REGULATED form of capitalism, something which is anathema to the American way of triumphalism, market dominace and greed. They also have 'proportional representation' in some of the governments of Europe which will likely never happen in 'winner take all' America. It is quite fitting that European leaders should seriously talk of separating themselves from the machinations of the U.S. 9 • Reply•Share › Avatar jrny2ixtland blonderealist • a day ago They use the 'Dog Feed Dog' version. 1 • Reply•Share › Avatar VoxFox PeterBurgess • a day ago Numbers don't cut it. We need clear, GOOD values. Accountants help capitalists, not society. 7 • Reply•Share › Avatar alverant PeterBurgess • a day ago What I've found is that many pro-capitalism conservatives won't admit their economic system has flaws. It's like how they think about God, perfect and if you say otherwise then you're EVIL-LE! The issue is investors have the least stake in the company but have the most power. 6 • Reply•Share › Avatar Sybil PeterBurgess • a day ago What wrecks this argument is the attempt to mush Free Enterprise and Capitalism into the same definition. They are not the same thing. Free Enterprise is the oldest and most widespread economy amongst humans around the globe, second to it and existing with it communal ownership. Capitalism is the exploitation arm of private ownership and market control. It does not reach back into our deep human past. It is a product of late agricultural development and social stratification. 6 • Reply•Share › Avatar George Washington PeterBurgess • a day ago Sounds great. Triple bottom line as the proper metric of a good company. And how do you suggest that this new metric be enforced in a country that is owned lock, stock, and barrel by Wall Street and predatory monopoly corporations? 2 • Reply•Share › Avatar Harry Warren PeterBurgess • a day ago Another bean counter has escaped from his cubicle. Call DHS. 3 • Reply•Share ›