The Stupidity of the Excess Profit Syndrome!

Why Advanced Nations are Failing - Part 2

Boyé Lafayette De Mente

The Industrial Revolution that started in England in the 1700s and spread to other European nations and the United States gave birth to a new phenomenon in human history—the imperative for enterprises to make enough profit on the goods manufactured and services delivered to pay the wages of their employees as well as other costs.

Over the generations the imperative to make a profit led to more and more production requiring more and more consumption. This created a profound problem for poor people who did not earn enough money to become mass consumers, but it made it possible for the middle and upper classes to consume vast quantities of products and services.

By the early 19th century profit-making by producers and sellers had become the new morality, forcing earlier philosophies and religious moralities into the background or replacing them altogether.

This new morality also opened the door for people who have no limits to how much profit they want to make. So now we have huge corporations that drive the economies of the advanced nations of the world in ways that are designed to make as much profit as possible. The drug and oil industries are glaring examples of this.

There is no enterprise or institution in the world that does not require money—or what money can buy—to function and survive. The need and desire to make a profit now rules the world. Governments in the United States and all other countries are good examples of this, and as long as profit-making remains the foundation of the world’s economies, there will be no solution to the problems it causes.

Given the natural irrationality and stupidity of males as a whole, is there a solution to this male-made dilemma? 

Yes, there is, but there is virtually no likelihood that it will happen soon.

See Part 3

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Boyé Lafayette De Mente has been involved with Asia since the late 1940s as a member of a U.S. intelligence agency, journalist and editor. He is a graduate of Jōchi University in Tokyo, Japan and Thunderbird School of Global Management in Glendale, Arizona, USA. In addition to books on the business practices, social behavior and languages of China, Japan, Korea and Mexico he has written extensively about the plague of male dominance and the moral collapse of the U.S. and the Western world in general. Recent books include: CHINA Understanding & Dealing with the Chinese Way of Doing Business; JAPAN Understanding & Dealing with the NEW Japanese Way of Doing Business; AMERICA'S FAMOUS HOPI INDIANS; ARIZONA'S LORDS OF THE LAND [the Navajos] and SPEAK JAPANESE TODAY - A Little Language Goes a Long Way! To see a full list of his 60-plus books go to: www.authorsonlinebookshop.com. All of his titles are available from Amazon.com.