Doc Thought

The article below reports the close vote of the Indiana Senate to abolish the fees forced on non-union employees.  An analysis follows. Indiana Senate votes 28-22 for right-to-work bill Published January 23, 2012 | Associated Press Senate has voted to approve the right-to-work bill that has prompted the legislative boycotts by House Democrats. The  Republican -dominated Senate voted 28-22 in favor of the proposal Monday evening. The bill prohibits companies and unions from agreeing to contracts that require workers who aren't union members to pay representation fees. Republican Sen. Carlin Yoder of Middlebury argued the bill not only would help attract business to Indiana but also give workers freedom to decide what to do with their money. Democratic Sen. Vi Simpson of Bloomington questioned whether the law was needed. She says good companies such as  Honda  and  Toyota  have expanded in Indiana in recent years without it. Nine Rep...

The term 'greed' is commonly tossed out as an explanation for this country's economic woes.  This is broadly understood as the "evil" desire of those in business, especially "big" business, to make a profit.  The following clarifies where this intellectual laziness or intellectual dishonesty leads: Often, the term "greed" is used negatively to refer to a desire to make a profit. This is wrong however, because a profit is the measure of value that has been created by a man-- a value that did not exist before. If a man makes no profit - he planted four potatoes and harvested four potatoes. To seek to produce new value, by thought and effort and time to create a product or provide a service of quality by the most efficient means -- this is the very definition of GOOD. But for this desire, and the (shrinking) freedom that makes it possible, we could not produce and then trade for the ability to feed our family, shelter ourselves, obtain the mater...