Accountable Capitalism as defined by government, sounds like an oxymoron (a combination of incongruous words!). Accountable Capitalism is though, the title of legislation currently being introduced (August 15th, 2018) in the US Senate by Elizabeth Warren.
The legislation attempts, by law, to establish obligations of large US corporations such as the vague requirement that US corporations must create a “material positive impact on society”. Also included in this bill are requirements that would mandate at least 40% of a large corporation’s directors be elected by the corporation’s employees.
Government should create simple and effective laws and regulations for both its citizens and businesses. Our current politicians should be more concerned about addressing our huge government debt and runaway spending than trying to fix something that is already working…..capitalism. Politicians should work towards “Accountable Government”.
For a great article on this proposed legislation see the Barron’s article “Elizabeth Warren Gets It All Wrong” by Matthew C. Klein:
To read the full Bill:
I was working the other day and received a text message from my daughter Katie who is a freshman at WSU. Katie had just met an astronaut and she was very excited!
The astronaut is John Herrington, who has earned multiple degrees including a PhD, is a Navy Cadet, Navy aviator, and test pilot. He was a mission specialist on STS 113 and has space walked.
John is a Native American and was the first in his family to go to college. His first year he got a 1.75 GPA and was kicked out of college. He went back, after working a low paying job, determined to be successful.
Katie tells me in her text, “Just really shows you can do anything you put your mind to.”
Thanks to Mr. Herrington for sharing his amazing life story and having such an impact of my daughter!
As Christmas approaches and 2014 draws closer to an end, it is good to pause and reflect upon how very fortunate we are. Thanks to all that contribute to our great way of life, especially those who work on the holidays. Thanks specifically to all of the firemen, policemen, doctors, nurses, utilities employees and others who work on the Holidays! God bless you!
Thanks to Senske for the great light show!
Merry Christmas to all of our friends and family and best wishes to you for a Happy New Year!
My stepson has just returned to the states from a two-month job assignment in Africa. He has had the opportunity to do some traveling in prior years. He spoke highly of the people in Africa he got to meet. Provided below are some of the pictures from his trip. The giraffe kiss may have been more than he bargained for. Welcome Home Brandon!
Brandon and the Rhino
I got you covered!
My wife and I were recently in Bellevue attending a Technology Conference and dined at Canlis (a gift from my Dad). We were joined by my wife’s sister and our dining experience was wonderful!
The restaurant is a beautiful building with an incredible view:
The excellent service, food and wine list are internationally recognized:
Thank you Canlis for a truly great evening!