[lbo-talk] employment

Doug Henwood dhenwood at panix.com
Fri Sep 5 12:03:54 PDT 2003


Cliff Staples wrote:


>Just curious... is there any evidence-- from behavioral economics
>studies, or in the business press, or from people snooping around
>boardrooms, that CEOs-- of the Fortune 500, say, actually worry
>about such things? I accept that George Bush better care, but might
>there not be some slippage between his concerns and the concerns of
>corporate capital? Last I knew, the latter unfortunately don't have
>to worry about getting elected. What evidence is there that
>capitalists care about the macro economy in general, or employment
>specifically?

Capitalists in the consumer sector sure have to care, otherwise no customers. But they're not big on thinking systematically - and they sure never think, "If I outsource this to China, I'll be eroding my customer base."

Doug



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