By Gabriel Kolko
Another Century of War? is a candid and significant examine America’s “new wars” by means of an excellent and provocative analyst of its previous ones. Gabriel Kolko’s masterly reports of clash have redefined our perspectives of contemporary conflict and its results; during this pressing and well timed treatise, he turns his realization to our present obstacle and the darkish destiny it portends.
Another Century of War? insists that the roots of terrorism lie in America’s personal cynical rules within the center East and Afghanistan, a half-century of actual politik justified via crusades for oil and opposed to communism. The latter hazard has disappeared, yet the US has turn into much more formidable in its imperialist adventures and, because the contemporary quandary proves, even much less secure.
America, Kolko contends, reacts to the complexity of worldwide affairs with its complicated expertise and better firepower, now not with reasonable political reaction and negotiation. He deals a severe and well-informed evaluate of even if this type of coverage bargains any wish of achieving better protection for the US. elevating an analogous hard-hitting questions that made his Century of conflict a “crucial” (Globe and Mail) review of our age of clash, Kolko asks no matter if the wars of the long run will finish in a different way from these in our previous.
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The same principles apply when shareholders hire a chief executive officer. Unlike routine managerial work, the task of a CEO often involves bold innovation. ” I P G place. When a new CEO comes in with ambitious plans, he knows that failure is entirely Ayn Rand, Capitalism: The Unknown Ideal possible. If the shareholders said, “We’ll pay you $20 million if you succeed, but nothing if you fail,” it wouldn’t be a very attractive offer at all. This is because the type of person who gets picked to head a major corporation could easily make hundreds of thousands, if not millions, for certain by consulting or offering other services less glamorous than being CEO.
Just as the price paid for a cow is determined by the net yield expected from its utilization. The owner of a slave does not pocket a specific revenue. For him there is no “exploitation” boon derived from the fact that the slave’s work is not remunerated. . If one treats 43 PIG Capitalism FM-Ch8 2/20/07 4:36 PM Page 44 The Politically Incorrect Guide to Capitalism men like cattle, one cannot squeeze out of them more than cattle-like performances. But it then becomes significant that man is physically weaker than oxen and horses, and that feeding and guarding a slave is, in proportion to the performance to be reaped, more expensive than feeding and guarding cattle.
Why, for exam- moral worth or social importance, then ple, don’t greedy hospitals collude to keep why is a teacher (or nurse, or firefighter, the salaries of brain surgeons very low? ) entitled to more money than a pro- don’t the partners of law firms do the same fessional athlete? to their junior colleagues? The obvious answer is that competition would prevent this absurd outcome. If workers in an industry were truly being paid significantly less than what they added to the bottom line—this is what economists call their marginal revenue product—then outsiders would earn huge profits by jumping into the business and hiring away some of those workers with slightly higher pay.
Another Century of War? by Gabriel Kolko