Conservative Management Theory

Walter Williams' concept of conservative management has been revealed in his Wednesday column "In greed I will place my trust." "click here" By exploiting workers unprotected by any kind of minimum wage law or union protection "people trying to get as much as they can for themselves" could earn greater profits by hiring someone to do the job of a protected "worker for only a fraction of the wage." In the column Mr. W referenced statements by southern congressmen back in 1931 such as "That contractor has cheap colored labor that he transports, and puts them in cabins, and it is labor of that sort that is in competition with white labor throughout the country."

In Walt's work world he would repeal the minimum wage law, pass legislation to disband unions, offer no benefits and have a total at-will labor market so that people trying to get as much as they can for themselves would not have to pay a living wage or offer any benefits to their workers.

His conclusion is "There are many examples from around the world of how people have used legal and extralegal means to thwart people trying to get more for themselves, or what I like to call greed."

The conservative business management theory.

The Liberalator

Greed

This morning Walter Williams finally deciphered the conservative mind for me. I've wondered my whole adult life what type of person can ignore the people hurting in our society, as well put by Hubert Humphrey, "those in the dawn of life, the children; those in the twilight of life, the eldery; and those in the shadows of life, the sick, the needy and the handicapped."

Well, ole Walt said greed is good, (his headline is "Greed actually is good for US") that what conservatives aspire to is "people trying to get as much as they can for themselves." [my bold] "click here" He admits that free market capitalism "is ruthless in its profit and loss discipline," and we can only assume he means that as long as it is legal capitalists can do anything they choose to do, keeping wages low for workers, laying off staff, cutting back hours, closing plants, sending jobs overseas, not offering benefits to working folks - the list is endless.

The dictionary definition of greed (Dictionary.com) "an excessive, extreme desire for something, often more than one's proper share", "excessive or rapacious desire, especially for wealth or possessions", "avid desire for gain or wealth", "excessive desire as for wealth or power."

The word "excessive" is repeated over and over in these definitions - so excessive is okay with Walter as long as it is for one-self, and a greedy person is a good person. The mind-set of the conservative is finally revealed to me. Thanks for that enlightenment, Walt!

The Liberalator