Towards a Strategy of Prevention

Written by Gerald L. Campbell

Towards a Strategy of Prevention by Gerald L. Campbell Senior Advisor torepparttar Director United States Information Agency, 1985-1990

For nearly four decades, America's approach to social problems has been dominated by a scientific methodology and culture whose practical assumptions require thatrepparttar 126024 material conditions associated with specific human behaviors are to be treated as causes of those behaviors independent of a more fundamental causal connection torepparttar 126025 spiritual dynamics ofrepparttar 126026 human person.

This scientific perspective, by denyingrepparttar 126027 causal relationship betweenrepparttar 126028 spiritual and human behavior, substantially diminishesrepparttar 126029 perceived reality ofrepparttar 126030 individual and transforms it into a rough caricature of itself. Devoid of spiritual content, freedom, and dignity,repparttar 126031 individual is by methodological requirements reduced to a kind of 'empty vessel' whose sole function inrepparttar 126032 scheme of research is to act as a locus wherein social and economic forces interact and supposedly determinerepparttar 126033 course of one's behavior.

Policy-makers, acting within this mechanistic framework, have tended to unduly magnifyrepparttar 126034 role that material causation plays in determiningrepparttar 126035 course of human conduct. Indeed, they have acceptedrepparttar 126036 view thatrepparttar 126037 cause of socially dysfunctional behaviors can be traced to an observed set of social and economic conditions that are correlated to each of these behaviors. Moreover, they have bought intorepparttar 126038 illusion that such behaviors can be rectified throughrepparttar 126039 proper management of a complex system of incentives and disincentives designed to alleviaterepparttar 126040 impact these material conditions supposedly have on human conduct.

A New Look at Labor Day

Written by Robert F. Abbott

A New Look at Labor Day

Robert F. Abbott

A day to reflect onrepparttar accomplishments of working people: That's beenrepparttar 126023 proud tradition sincerepparttar 126024 first, unofficial, Labor Day back in 1882.

But, one of labor's greatest accomplishments has gone largely unrecognized. Sincerepparttar 126025 end of World War II, working people have bought up a huge chunk of big business. They now own a piece of just about everything in business, from multinational corporations to small companies that build mini-malls in their neighborhoods.

It may berepparttar 126026 greatest economic transformation sincerepparttar 126027 Industrial Revolution; management guru Peter Drucker calls it "The Pension Fund Revolution."

To get a sense ofrepparttar 126028 transformation, consider this: Atrepparttar 126029 end of 2001, America's 242 billionaires had assets totalling about $800 billion. That's a sizable amount, certainly, but working people had assets of $11.8 trillion in pension and mutual funds. That's almost 15 times as much asrepparttar 126030 billionaires.

Most working people contribute only modest amounts to their retirement plans, but there are simply so many of us that our collective nest egg grew very quickly. If you're still not sure, try this on your calculator: Multiply a contribution of $1,000 per year by one million working people. Answer: $1 billion dollars per year. Now note there are hundreds of millions of working people here and in other countries. And we're contributing new money every year.

Even a relatively small number of working people can build a big fund. For example,repparttar 126031 New York State Common Retirement Fund, with 944,000 members in or retired from state public services, had assets of $112 billion atrepparttar 126032 end of March last year. According torepparttar 126033 Fund's annual report for 2002, about $76.6 billion of that total was invested in companies. The remainder, about $35 billion, was in bonds, mortgages, and other types of loans.

Look atrepparttar 126034 private sector and unions, too. To cite just a couple of examples, Pensions & Investments magazine estimated that General Motor's pension fund had assets of $82.5 billion andrepparttar 126035 pension fund ofrepparttar 126036 Western Conference Teamsters had assets of $22.6 billion, at September 30, 2001.

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