Many of the towering figures of the Industrial Revolution could well be described as "the compleat producer." Richard Arkwright, for example, invented radically new spinning machinery, applied waterpower to its operation, set up mills all over Great Britain, financed collateral inventions, and maintained a dominant position in the textile industry even after his patents were voided. He was the sort of inventor-engineer-capitalist-executive-marketer on which Ayn Rand based Hank Rearden.
Read Article : The Industrial Revolution's Indispensable Entrepreneur
Individualism as a moral doctrine includes the idea that individuals have a right to live for themselves to pursue their own happiness. It says: Each individual is an end in himself. And that means individualism is not compatible with altruism.
Read Article : Two Strains of Altruism
Summary: In Charles Heckscher's pioneering analysis of business restructuring and the decline of lifelong security within a corporation, Walter Donway finds the seeds of business ethics on an Objectivist basis.
BOOK REVIEW: White-Collar Blues: Management Loyalties in an Age of Corporate Restructuring. Charles Heckscher. New York City, Basic Books, 1995.199 pp., plus notes, appendix, index. $23.00
When I was growing up in Worcester, Massachusetts, in the 1950s, I was surrounded by neighbors and relatives who were "Norton men": employees of the "Fortune 500" Norton Company headquartered in Worcester. "Norton takes care of you," they said. "Norton takes care of its people." Individuals (mostly men) who had retired from Norton after 25,30, or 35 years of "service" were everywhere. They nodded their heads in comfortable gratitude: "Norton really takes care of you."
It made me uncomfortable even then. It seemed so . . . sheltered? Complacent? Dependent?
Charles Heckscher, chairman of the Labor Studies and Employment Relations Department at Rutgers University, puts it in other terms: the loyalty of middle managers within the paternalistic American corporation. His book, based upon confidential interviews with middle managers at companies such as General Motors, Dow Chemical, DuPont, and AT&T, is about the smashup of the paternalistic bureaucratic corporation, the forced abandonment of the loyalty-for-security arrangement, and the beginnings of a new relationship between...
Read Article : "The Rebellion Against Paternalism": The Employee As Entrepreneur