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July 17, 2007

 

Computer Era Corporate Innovations

From "Innovations of the Paperless Age, Cognitorex Press."

Hire basic labor force at less than full time thereby shedding the cost of health care, pensions and seniority benefits. Transfer savings to executive management.
Transfer previously tax paying internal accounting divisions to Offshore Tax Havens. Transfer savings to executive management.
Underfund pension obligations, then enter bankruptcy to avoid promised worker retirement benefits. Transfer savings to executive management.

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Comments:
Course at some point there's no wealth left to transfer and with no business, in business, no wealth creation...and the cycle ends.

Pity.
 
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