Allegations that Walmart paid millions of dollars in bribes to build up its empire in Mexico should act as a warning sign to corporations everywhere. A culture of bribery in a subsidiary is unacceptable, but failing to deal with it would be even worse.
American business has eliminated untold numbers of other middle class jobs. That's why the employment and housing markets are struggling, food stamp use is at an all-time high and the ranks of the working poor are swelling, while corporate profits soar.
During a recent discussion with a colleague and friend who is a Ph.D. Associate Professor at a highly-esteemed university's School of Management, the prevalence of our unconscious biases slapped us both in the face.
I challenge you to take the IAT -- today. Why? So you can start touching your truth. Enough of the political correctness... let's tell the truth for a change. The truth is that each of us holds biases, and these biases impact the way that we see people who are different from us.
Honest American suppliers, managers, and workers will be the losers unless and until we break the dynamic under which cheaters prosper and fraudulent CEOs and corrupt heads of state become wealthy by cooperating to craft crony capitalism.
In many respects, Congress continues to operate as a farm team for future lobbyists. Staff build up contacts and policy and political expertise. Then they often go "downtown" and cash in, taking their expertise and networks with them.
We have a debate between the right -- Republicans like Mitt Romney who would cut corporate taxes and ask them to pay less -- and a business-friendly, centrist president who won't call on corporations to pay more. "Fair share?" -- not so much.
With all the big moments experienced by the black community in the last 20 years, it's easy for us (as a society) to believe that all is well -- that we have "arrived" at equality. Sadly, the truth is, in Corporate America, we certainly have not arrived at equality for African Americans.
Will there continue to be trade-offs between shareholder value maximization and social good? Absolutely. We live in an imperfect world. Does there have to be a trade-off between the two in all instances? Only if we collectively decide to make it so. Let's not.
So if the government and consumers lack the money to spend, and if what Wall Street spends does not lead to much job growth, is 2012 a lost cause? Not according to an intriguing proposal by William Lucy, Professor of Urban and Environmental Planning at UVA.