(This is the 4th installment in a series of articles about the problems associated with government’s attempts to ignore free market principles in a free market world ecomony.)Misunderstanding the Concept of Value.What is the real force behind the problem we associate with the inequality of riches? It is, simply, the lack of universal understanding of value. We don’t understand what it is, and we

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(This is the 3nd installment in a series of articles about the problems associated with government’s attempts to ignore free market principles in a free market world ecomony.)There is Nothing Wrong with Capitalism.The American Heritage dictionary defines capitalism as an economic system in which the means of production and distribution are privately or corporately owned and development is

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(This is the 2nd installment in a series of articles about the problems associated with government’s attempts to ignore free market principles in a free market world ecomony.)No matter what we may think, the world economy is a free market, even capital based, economy.Basic Economics 101For any government/state system to exist, and maintain, it must have an associated economy which can make

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(This is the first installment in a series of articles about the problems associated with government’s attempts to ignore free market principles in a free market world ecomony.)There is no free lunch.It seems an obvious foundational principle to all things business – at least all things business in our capitalist system. Somehow, somewhere along the line, we seem to have forgotten.We have started

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The less you pay, the better the deal. Right? The less time you spend, the more money you save. Right? These precepts are the foundation of a creeping business virus I call the Hidden Inefficiency Virus or Business HIV.At its most fundamental DNA, Business HIV is the average individual’s response to too much and contradictory information. Needing to make decisions that guard profit and no

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I grew up with a certain amount of arrogance that’s tied to a perception I have about my own intelligence. I suffer from a malady described by Dr. McFarland in 1961. I am often wrong, but never unconvinced. You may benefit from a realization that the same situation pertains to you, or to others you work with every day.Choosing to recognizing it can help you make better decisions and do better

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In 1267, Roger Bacon published his Opus Maius, an 845 page work, said to contain all the knowledge in the world. Imagine that. All the knowledge in the world in a single person, and in a single volume. You’d have to be a teenager to make such a claim today.In 1961, before the dawn of Moore’s Law, and before the proliferation of the silicone chip, Dr. Kenneth McFarland wrote that there was already

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If it isn’t part of your central value, it ought to be outsourced.I couldn’t be any more convinced. Not doing so causes me more time and focus waste than I can afford. I can’t afford doing thigs that I am not gifted, resourced, talented, or interested in doing.Today my hard drive failed.I turned my HP laptop on this morning. The little power lights illuminated. Then, they shut off. Then they

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Rigidity has never produced a structure capable of good function in an environment of changing conditions. Skyscrapers are designed with the ability to "sway" in the wind, or to "flex" in case of an earthquake. The wings of the great airliners are designed to "give and take" in the face of changing air density and current so that the body of the plane can maintain maximum stability in turbulence.

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Peter Drucker’s comments about business structure and management emphases tickle me. They tickle me because the very statements he makes run absolutely counter to the widely held beliefs of today’s "experts." The difference is staggering.In his 2002 book, Managing in the Next Society, Drucker makes comment about the problem "financial people" have managing business."There’s an enormous challenge

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