January 2009 ·
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By the rivers of Babylon
The Puritan ethic of hard work and saving still matters. I just hate the idea that such an ethic is more alive today in China than in America…. We need to get back to collaborating the old-fashioned way. That is, people making decisions based on business judgment, experience, prudence, clarity of communications and thinking about how—not just how much.
—Thomas Friedman, New York Times, October 15, 2008
Lewis H. Lapham is the National Correspondent for Harper’s Magazine and the editor of Lapham’s Quarterly.
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| SEE ALSO: Greenspan, Alan; Capitalists and financiers; Financial crises; Privateering; Friedman, Thomas L.; Views on financial crisis; Work ethic | |||
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