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General Discussion >> General Board >> The failure of shareholder capitalism http://www.ozpolitic.com/forum/YaBB.pl?num=1564583081 Message started by Laugh till you cry on Aug 1st, 2019 at 12:24am |
Title: The failure of shareholder capitalism Post by Laugh till you cry on Aug 1st, 2019 at 12:24am
The rising share prices seen daily are a symptom of the priority given to shareholder return over wages in industries of the developed world.
Health insurance and utility cost perpetual rising prices exemplify the fact that prices must rise by 10+% a year to satisfy shareholders desire for earnings growth. Donald Trump and his stoolies falsely stated that corporate tax cuts would flow into higher wages, but this did not happen apart from some minor one-time payments of bonuses. After the tax cuts profit growth stalls again without more stimulus. https://www.salon.com/2011/03/29/failure_of_shareholder_capitalism/ Quote:
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Title: Re: The failure of shareholder capitalism Post by Ye Grappler on Aug 1st, 2019 at 1:00am
By George - your holiday has done you the world of good... keep up the good work.
So the attempt at stimulation of the economy via trickledown has proven a failure - so what's left? The Labor concept of stimulation via government payments to the many? This already occurs in genuine welfare issues such as PPL and childcare subsidy and quite a few corporate let-offs and generous donations from governments.... where does the stimulus need to be applied? Offering the minority = shareholders, a bonus gift didn't work... trickledown farted and then stopped up .... giving the majority a government stimulus is a short-term measure...... Ergo - do we need to be looking at long-term deficiencies in the underpinning of the economy? What are those and how can they be improved or replaced with underpinnings that actually do something? A house built on sand cannot long stand ..... :-? |
Title: Re: The failure of shareholder capitalism Post by Laugh till you cry on Aug 1st, 2019 at 9:16am
"Company owners are choosing to maximize short-term profit by paying their employees as little as possible."
https://www.businessinsider.com/henry-blodget-better-capitalism-1-2018 Quote:
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Title: Re: The failure of shareholder capitalism Post by Ye Grappler on Aug 1st, 2019 at 11:54am
Nothing new - the problem arises when they break the laws in doing so, and you could extend that to discussion of offshoring industry for cheaper labour, a move that only postpones the inevitable collapse of that industry, BTW. Those market and social forces that develop at an accelerating rate once you intervene in a local poverty economy soon catch up and render your move equally uneconomical. Look at China these days with rising social disruption based on economic divide, and Hong Kong seeking to assert its independence.
How will the world respond when the Chinese government sends in the tanks? How many New Robber Barons are pissing in their pants at the prospect of sanctions against Chinese trade? |
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