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Unformatted text preview: uggle against totalitarian systems of state power. The twenty-first will no
doubt be marked by a struggle to curtail excessive corporate power. The great challenge now facing countries throughout the world is how to
find a proper balance between the efficiency and the amorality of the market. Over the past twenty years the United States has swung too far
in one direction, weakening the regulations that safeguard workers, consumers, and the environment. An economic system promising
freedom has too often become a means of denying it, as the narrow dictates of the market gain precedence over more important democratic
Today’s fast food industry is the culmination of those larger social and economic trends. The low price of a fast food hamburger does not
reflect its real cost — and should. The profits of the fast food chains have been made possible by losses imposed on the rest of society. The
annual cost of obesity alone is now twice as large as the fast food industry’s total revenues. The environmental movement has force...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.
- Spring '08