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Proof of the second assertion is based on an abundance of factual evidence. A portion of this evidence will be documented with quotes from the following, publicly available communications:
This documentation will demonstrate the extent that altruism has gripped the Du Pont Company and the consequences of abandoning competitive capitalistic principles. (The following proof provides an example on how to go about researching other companies to make profitable investments.)
Past Newsletter articles reveal a strong, exuberant company guided mainly by capitalistic principles. But current Newsletter articles reveal a company guided by altruism and by what "other people" think, feel, and wish. That shift is demonstrated in Table 1 on pages 390-391 by contrasting earlier articles in the Management Newsletter to articles twenty years later in Management Newsletter.
Reading those early Newsletters is like traveling into another world...a brilliantly clear world that almost was and should have been...a happy, just world in which rationality and productivity are recognized as man's primary virtues...a cheerful, exciting business world in which action is guided by the independent judgment of individuals dedicated to generating values and profits. The philosophical contrast (capitalism vs. altruism) between those early Newsletters and those twenty years later is clearly apparent. Yet, the seeds for that deterioration of capitalistic principles began to appear even in the earliest Newsletters. With increasing manipulation of unearned guilt in an increasingly altruistic culture, obsequious apologies for capitalism and Du Pont were appearing in articles such as:
Big vs. Little Business
Is Big Business Useful?
A study of the Newsletters reveals that the philosophical shift from capitalism to altruism occurred in two major steps. The first step occurred when the presidency of Du Pont passed from Mr. Crawford H. Greenewalt to Mr. Lammont Copeland. The struggle to explicitly uphold capitalism abruptly ended. Articles such as listed below ceased:
Business Pleads its Case in Whispers
Mr. Greenewalt stated, "It is the corporation's proper duty to oppose any action which threatens the property or the interests of its stockholders, to fight hard if the well-being of its employees is threatened, or if the successful continuity of its life comes under fire."U.S. Superiority and Productivity vs. USSR
Soon after Mr. Greenewalt, a basic shift in philosophy was apparent. The primary focus of Du Pont changed from generating profits for the stockholders to "serving society". The following articles began appearing for the first time:
Du Pont Research --
President Copeland equated the value of research to serving "society" rather than to expanding corporate earnings, profits, and assets.
Could nylon have been developed and transformed into a venture that generated hundreds of millions of dollars in profits for the company, employees, stockholders, and society with an altruistic standard determining the research and development efforts at Du Pont? Commercial ventures that generate large, expanding profits for their stockholders can evolve only from capitalistic standards.
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