Word: self-interest
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...antitrust chief Joel Klein, the plan strikes a perfect balance: "Neither the heavy hand of ongoing government regulation nor the self-interest of an entrenched monopolist will decide what is in the best interest of consumers," he says. "Rather, consumers will be able to choose for themselves the products they want in a free and competitive marketplace." Counters Gates: "We don't believe the courts are going to uphold this kind of unprecedented and radical regulation of our activities...
...potential "Take Your Sick Child to Work Day." Plenty of employers endorse the practice or look the other way, despite the obvious drawbacks: the lack of pillows and blankies, the hypochondriac in the next office, the difficulty of actually getting anything done. But a handful of companies practicing enlightened self-interest are taking the lead in covering all or part of the cost of other options, including in-home care, stand-alone facilities and day-care centers with adjacent infirmaries. And while such care can be notoriously expensive, the payoffs include peace of mind for their working parents...
...rights abuses, most congressional opponents of the trade deal are out to protect the jobs of the hardworking folks back in the district from competition by Chinese sweatshops. In other words, like the "engagement" policy itself, the anti-China trade lobby is motivated, for the most part, by enlightened self-interest...
There is no more anonymous forum than the stock market. It's predicated on the notion that the greater good for all will come from many individuals who have the opportunity to act on their immediate self-interest. Unfortunately, when seas get rough, there is nothing to stop investors from sinking the lifeboats in their zeal to abandon ship. Robert Shiller, author of Irrational Exuberance, which explores the perils of the present market, once devised a survey to probe whether investors felt any responsibility to the overall system. When asked whether they might reduce selling in a crash...
...labor plays a leading role in the Seattle movement, and its involvement may be as much enlightened self-interest as selfless solidarity of labor. They're making the trade deal with China to permit its entry in the WTO (currently on Capitol Hill) the focus of their Washington activities, protesting China's human rights record and its denial of trade union rights. It's precisely that harsh labor regime that keeps production costs in China down and makes it an attractive destination for U.S. manufacturers to outsource work...