Contrasting Friedman and Lindblom on Economic Systems...

The current issues that have been created by the market have trapped our political system in a never-ending cycle that has no solution but remains salient. There is constant argument as to the right way to handle the market, the appropriate regulatory measures, and what steps should be taken to protect those that fail to be competitive in the market. As the ideological spectrum splits on the issue and refuses to come to a meaningful compromise, it gets trapped in the policy cycle and in turn traps the cycle. Other issues fail to be handled as officials drag the market into every issue area and forum as a tool to direct and control the discussion. Charles Lindblom sees this as an issue that any society that allows the market to control†¦show more content†¦Yet, the discussion of what business should be allowed to do and how free the market should be still prevents movement forward because there is opposition. There are voices of the people that call for the privilege of polit ical equality that we are supposed to be guaranteed as citizens of a democratic state. They yell loud enough to be heard and to have support but rarely have the financial backing that has become increasingly necessary to make a difference. This political equality is key to a democratic state and the looming knowledge that it is not present shows that we may well be living in a state run by oligarchs. The power and wealth that they have accumulated is so substantial that the vote guaranteed to each American becomes a symbol of the freedom this country once knew but has lost. Lanchester explains this in depth in his book, I.O.U. Why Everyone Owes and No One Can Pay through his description of what created the financial crisis and the utter lack of punishment that resulted for those that caused such wide spread suffering. He, along with Tony Judt, give the financial crisis and the â€Å"privileged position of business† a human face that reflects the struggles of the everyday pers on that lost because of predatory lending practices, bad stock, and the spiral effects that led to high unemployment rates and the worst crisis the world hasShow MoreRelatedOrganizational Behaviour Analysis28615 Words   |  115 Pagesorganisations 1 . Nevertheless, Organisation Theory has its main roots in the social sciences specifically psychology and sociology, with some elements taken more broadly from areas such as anthropology and ethnography, as well as occasional incursions from economics, political ‘science’, and industrial relations. There are also some elements taken from the arts and humanities such as philosophy, history and (very controversially) literary and art criticism. It is, then, a broad field which, to add to the confusionRead MoreOrganisational Theory230255 Words   |  922 Pagesorganization theory with several new thinkers and ideas. Pedagogically a well-structured book with many clear learning objectives, cases, examples and good summaries f or every chapter. Professor Martin Lindell, Hanken Business School, Swedish School of Economics and Business Administration, Finland This book makes it easier to understand the current stand of organization theory. I strongly recommend it to anyone seriously interested in the different intellectual traditions that contribute to our understandingRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesmajor crime? Ericsson – innovation from the periphery: the development of mobile telephone systems. Direct Care – strategy development in the multistakeholder context of public sector services. BBC – structural changes to deliver a better service. Sony (B) – more structural changes at the high-tech multinational. Web Reservations International – growth of an Irish SME company through its online reservation system and business model. NHS Direct – using communication and information technology to provide