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WHY ANTI-BIG BUSINESS?

Posted by Tim Bryce on July 24, 2013

BRYCE ON BUSINESS

– Is it a crime to be successful?

(Click for AUDIO VERSION)
To use this segment in a Radio broadcast or Podcast, send TIM a request.

In the 40+ years of our company’s existence, we have been afforded some rather interesting perspectives on business. As a small business we have been able to nimbly change direction on a dime, but as a management consulting firm we have serviced Big Businesses of just about every size and shape, not to mention the geographical nuances of the company. During this time, we have observed various management styles, corporate cultures, and the moral values of both management and employees. I have seen both the good as well as the bad. All companies, whether they are large or small, have their positives as well as their negatives. Fortunately, I have seen more good than bad. With this in mind, I am somewhat bewildered why some people consider Big Business as inherently evil, that by their sheer nature they are corrupt.

To me, business is what made America great. It is the economic engine which fueled our economy, and by doing so it has afforded us a high standard of living, the envy of many other countries. Then we hit a deep economic pot hole a few years ago, which slowed us down and changed our perspective on things like employment, entitlements, and debt. Suddenly, Big Business was cast as the bad guy who held too much control over our government and was insensitive to the needs of the American people.

It is true, the banking and mortgage industries made bad decisions, as did manufacturing, but the government decided to bail them out as opposed to let them fold. It is also true, many big businesses outsourced parts of their operations overseas. We must remember though, you outsource when you can no longer find the talent you want at a competitive price. It also has tax benefits. As our standard of living escalated, companies found it more economical to outsource certain types of jobs. Now, as our standard of living has dropped, many such jobs are returning home, that is, of course, assuming the government doesn’t tax them to death.

Aside from this, Big Business performs a vital function to our economy by bringing the cost of goods down by volume, by employing people, and investing in research and development. Small business may represent innovators who can move rather fast, but Big Business moves the country forward due to its sheer size. I tend to think of it as a lumbering giant who leans forward and let’s its legs catch up with it. Now and then, it stumbles due to its immensity, such as what we experienced these last few years.

However, I still do not understand why Big Business is being stereotyped as evil. Since when did it become a crime to be successful? I thought that was what the American dream was all about; to risk, to explore, to conquer. It’s interesting, in this country we celebrate entertainment more than business, yet entertainment has itself become Big Business. Hollywood companies, and High-Tech companies like Apple, Google, and Microsoft are generally regarded as good guys, yet they are essentially no different than other companies trying to dominate their fields, such as energy production, insurance, pharmaceuticals and housing development. This sounds like a double-standard to me. Maybe it’s because people understand entertainment better than general business.

The real reason behind the growing distrust of Big Business is because it is viewed as an impediment to a socialist agenda; Big Business is being depicted as too big for its own good and cannot be trusted to do what is right and, further, it should be controlled by government. As a confirmed capitalist, I find this rather amusing as our federal government itself has grown to mammoth proportions and can no longer be trusted to function properly. As should be obvious, we only have ourselves to blame. If we do not like the lobbying efforts of companies over our government, our tax structure, or corporate financial incentives, change it. It can be done with some determined effort and an informed public, but maybe that’s asking too much.

As for me, I prefer the environment of a small business. It may not have the seeming security of a Big Business, and risks are great, but as I said, I like being able to change direction on a dime, and have money to spare.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:
timbryce.com

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Copyright © 2013 by Tim Bryce. All rights reserved.

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LAST TIME:  A COUPLE OF SUGGESTIONS FOR THE USPS – For starters, how about forwarding our mail to the public dump?

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5 Responses to “WHY ANTI-BIG BUSINESS?”

  1. Tim Bryce said

    A K.S. of Mumbai, India wrote…

    “The bane of big business. People view big companies as being corrupt or the dealings being not transparent.But as you said Big business/companies are needed to accelerate the economy.Nice reading this post.”

    Like

  2. Tim Bryce said

    A B.G. of Sydney, Nova Scotia, Canada wrote…

    “Ain’t nothin’ uglier than a white girl in dreds…”

    Like

  3. Carol said

    So well said Tim. I have a patent, and when I compared the cost to manufacturing overseas compared to the U.S. there was no possible comparison. Shipping my product within the U.S. cost more than manufacturing and shipping from China. It was so sad for me because I was (and still am) determined that the product be made in the U.S. – but what would any thinking person do? They’d of course want to go with the cheaper option.

    Big business isn’t the boogey man. BIG and out of control government is – that’s what’s crippling our economy right now. And if anyone thinks creating government jobs is the answer – as the Obama administration seems to believe, take a look at Detroit. Over 50 years of Democrat rule, and the only thing that grew was government jobs. I don’t see how the rest of the country can’t see that the way Detroit goes so goes the U.S. if we don’t do something to stop it and SOON.

    Like

  4. shak4u said

    AMEN!!!! Tim. The solution is so simple. Eliminate the IRS. Incorporate a flat 18% tax on everything but necessary foods such as meat, veggies, eggs, milk, bread etc. Then have a panel redistribute a % to the states based solely on population for infrastructure, and local state government. Everyone pays, no matter how poor or how rich. You want a $100,000 car you pay $18,000 Fed. tax. You want a $20,000 car, you pay $3,600. And by the way, eliminate all property taxes too on any home under $200,000. From there up on a pro rated basis. The property taxes on these expensive homes would also go to the state. I believe this would solve the debt problem in just a few short years. No loop holes, no special deductions. EVERYONE PAYS. Plus we get rid of 90,000 IRS employees. That’s the way it is done here in the DR and it works well, even with the average income of $5,600. And just think of the no. of trees saved by not having to file Income Tax reports to the IRS. Regards, Walt

    Like

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