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View Diary: Chain Restaurants, exploitation of employees, arrogance, greed, and crappy food. (175 comments)

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  •  One of the definite downsides (1+ / 0-)
    Recommended by:
    llywrch

    about the privately-controlled business aspect of our mixed economy.

    Owners are free, not only to be selfish and shortsighted. They are free to make ignorant decisions that hurt their own enterprise. They are free to make emotional decisions that injure others as well as themselves. In extreme situations, when the head of a privately owned business may be suffering from some kind of mental or emotional condition, such as paranoia, there is very little anyone can do to interfere.

    Right now we see a whole bunch of business owners having Ayn-Rand style emotional hissy fits and taking it out on anyone who is under their thumb. I'd say signs are it is orchestrated. In some cases it may cover for business downturns that were fated anyhow. As with voter suppression, it also seems guaranteed to backfire.

    Meanwhile, business owners will probably find over time that they do not lose by having employees and customers who are healthier and a little less stressed out, while competitors have to comply with the same law.  

    We keep hearing about the negative economic news. I was talking with a professional financial advisor the other day, who said some manufacturing plants are starting return to the U.S., which is certainly a better prospect than yet more outlets pushing fat, salt and sugar.

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