As we can see now with the economic situation in Euroland, capitalism has worked and created wealth in the beginning, but if you do not switch quickly enough to a more socialist model the greedy will eventually push the economy untill breaking point and beyond. Now it has been research many many times, that is, if you make decisions based on greed the quality of the decisionmaking is of a poor quality compared to a team in which everybody has an equal say in how the business is run. Works for countries as well as on a business level. Im personally very much a fan of the Scandinavian model, with relatively low income differences the Scandi's outperform many coutries in regards to education, healthcare, general hapiness and wellbeing. There is a direct correlation between income differences and all kinds of social problems. The bigger the differences the bigger the problems.
Companies that have adopted a more coorperative model seem to do very well and have a happy workforce. It just makes business sense to adopt this model. A company like Ryanair may very well be pushed beyond its breaking point by its management. Is it a coincidence that Ireland happens to be one of the countries in Europe that have relatively large differences in income??
Last edited by Ditched; 9th Jun 2012 at 19:58.