Finance Topic

Wow! This is something to see. But Jamie Dimon knows the answer to her question; it’s just he can’t say it. If he did, the shareholders would crucify him, and therein lies our problem: the primacy of the shareholders over everything else. And the top 10% owns about 93% of the stocks.

“A much smarter Malcolm than I, Malcolm X, said you don’t have revolutions without bloodshed, and he was probably right. But we’re in a situation now where the ruling class feels so powerful and I’m not sure what it will take to change things. I mean, we have thousands of Americans dead in Puerto Rico,…

Wow, Nick Hanauer’s proverbial pitchforks seem to be coming out. Taxing the rich has become a popular topic and quite a few Democrats have come out with some “radical” proposals. Elizabeth Warren’s proposal suggests taxing the wealth, not income, of the top 1% or 75,000 American households. She proposes taxing all assets no matter where…

This is an interesting read on prostitution and shareholder value. I was directed to it by way of a LinkedIn post from Kenneth Mikkelson. The article is from the blog of Henry Mintzberg, a well-known scholar of management and organization. This blog, or TWOG as he calls it, briefly discusses the tie between shareholder value…

It looks like Elizabeth Warren’s Accountable Capitalism Act hasn’t died yet; the latest news is that some House Democrats are getting on board. I thought it had died but it’s still percolating. In other news I seem to be seeing more and more signs that people are reconsidering the current state of capitalism. I’m not…