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About me - Jack Buffington

Jack Buffington is the Chairman of the "Institute for American Productivity" (www.iaprod.org), a non-profit policy institute. The Institute for American Productivity is a private non-profit organization dedicated solely to the study and promotion of productivity

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Business > International Business & Trade The benefits of free trade
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The benefits of "free trade" are rather simple: there is no better choice. Since the 13th century, if not earlier "country capitalists" have traveled the world in search of free trade opportunities, and economic power has, time and time again, gone hand in hand with political power. Nations like India and China have been targ... More..

Politics, News & Issues > US Elections Archives Does Ron Paul have a chance in the Republican primaries? Smallicon
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Ron Paul doesn't have a chance in the Republican primaries, as there is a direct correlation between campaign fundraising and the nomination. In 2004, President Bush raised $270 million in 2004, and Democratic nominee John Kerry almost kept up with Bush at $235 million. There is no country in the world where elections are so ... More..

Business > Business News & Issues Have the benefits of Sarbanes-Oxley been worth the implementation costs?Smallicon
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The Sarbanes Oxley Act of 2002 is a perfect example of how government shouldn't over-legislate problems, and as a result, can create even bigger problems. These two Senators were seeking to solve a problem of the most egregious fraudulent companies of the late 20th/early 21st century (Enron, Worldcom, et. al.) even though a l... More..

Business > Business News & Issues Should there be a maximum limit that businesses can pay their CEO?Smallicon
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The reason for why CEO pay is 262 times higher than the pay of the average U.S. worker (largest disparity in the world) is a result of stock options, and not standard wages. From a shareholder's standpoint, there is nothing wrong with highly compensating the Chief Executive, so as long as this individual increases the value o... More..

Business > International Business & Trade Outsourcing causes more problems than cures for a company Smallicon
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Stating that "outsourcing causes more problems than cures" is a reflection of a poor understanding of the history and future of global trade. Today's definition of "company capitalism" is really an ancestor of yesterday's "mercantile colonialism", and a parent of tomorrow's "worldwide peer to peer trade".America is the most s... More..

Politics, News & Issues > Government & Policies Should American farmers continue to receive government subsidies?Smallicon
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It is rather ironic that the protectionist crowd is in such favor of farm subsidies when it's impact is increasingly anti-family farm. In the U.S., one can easily argue that subsidies have actually enabled consolidation, which has hurt the status of the family farm. In France, the small farmers make up 70% of farms while only... More..

Business > Leadership Strategies Being a manager vs. being a leader
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Be a Leader or a Manager?In America today, there are many misconceptions surrounding what it takes to be a leader and being a manager. Some of this is perpetuated within corporate HR departments that further confuse the matter by correlating management to a position or title above that of a supervisor, and a leader as a posit... More..

Business > International Business & Trade The biggest economic threat to the United States
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The biggest economic threat to the United States is posed by the people of this nation. With our economy squarely in the middle of a consumer induced recession, it should now become very clear to our nation that we must change our practices to enable a more competitive and productive economy, both within the private and publi... More..

Politics, News & Issues > Bush Administration Was Bush right to commute "Scooter" Libby's jail sentence?Smallicon
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There is no "right or wrong" to this question due to the vagueness of it. If "right" is defined by Constitutional Law, then "yes", Bush was correct. However, if "right" is to be defined by ethical treatment relative to actions performed in office, then it makes sense to state "no". After all, Bush stated his reasoning as "the... More..

Business > International Business & Trade Should China face financial penalties for unfair export practices?Smallicon
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Government intervention via protective tariffs. Patent infringement of inventions to help bolster manufacturing. Unfair and unsafe labor practices, and ridiculously low wages. Even blatant piracy of intellectual property. Shouldn't we do something about it?Well, actually, what I'm speaking about above has already happened, so... More..

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