Vivek Jain 
Member since Feb 7, 2012


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Re: “First Mayoral Candidate Says Tourism Is the Answer

Excerpt: "Tatnall’s main concern, he says, is that 'the city’s not being run like a business.' He proposes a simple way to increase revenue without raising taxes: tourism. "


Why should management of a city be focused on profit-maximization? The well-being of the public shouldn't be at the mercy of the market; the security of the citizenry is far more important than the expectations of shareholders or executives seeking bonuses or short-term gain.

In a 1996 article titled, "A Country Is Not A Company," in Harvard Business Review, the Economics Nobel Laureate Paul Krugman wrote, "What people learn from running a business won't help them formulate [sound] economic policy." (You can read the piece here: http://www.afi.es/EO/Paul%20Krugman%20A%20…)

3 likes, 3 dislikes
Posted by Vivek Jain on 02/07/2012 at 4:46 AM

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