Defining Capitalism

Michael Perelman michael at ecst.csuchico.edu
Tue Jul 3 13:11:12 PDT 2001


The large company is also more likely to outsource its jobs abroad, so the benefits are not clearcut.

On Tue, Jul 03, 2001 at 03:51:02PM -0400, Doug Henwood wrote:
> Max Sawicky wrote:
>
> >In principle profit *levels* would seem to be meaningless.
> >Other things equal, I'd rather own a small company making
> >10% than an equivalent piece of a large company making 5%.
>
> Why? The large company is more likely to pay better, offer health
> insurance, pollute less, and provide a less risky workplace.
>
> Doug

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu



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