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Walmart is one case of how capitalism does not help the average person. This article by The Guardian describes how one town in the US got impacted by Walmart when they came roaring into town and now, when they left.This town in West Virginia was different in that they embraced Walmart when the big box store…
Fast Company had an article titled “Are You Ready To Consider That Capitalism Is The Real Problem?” Wow. A young college student asked Nancy Pelosi that question and she responded with “No, I’m sorry to say we’re capitalists and that’s just the way it is”.Capitalism has done a lot of wonderful things for us but…
Almost daily I get these news-emails about finance but I have never subscribed to them. They just started appearing in my work inbox one day. When I get stuck on a problem, I will turn to these news-emails to see what “they” (whoever they are) are trying to sell me. The news-emails are written like…
About two weeks ago I read this article about a hedge fund guy who was alleged to have made improper trades and had made an agreement with the SEC to be disbarred from the securities industry for one year, with a re-application opportunity after one year. Five years later he is still disbarred while the…
Wow, the bad behavior from Wells Fargo is just astonishing.This is why we need the Consumer Financial Protection Bureau. This is why we need the Dodd Frank Act. The lure of money is too great for the Wall Street types to resist. And yet, some members of Congress wants to get rid of the Bureau…
But someone is finally recognizing the damage Finally someone is recognizing the damage of the insistence of the primacy of shareholder value over everything else. It took someone who is both a shareholder and a former employee to say that maybe, just maybe, we are doing great damage. The New York Times article, “Penalize Companies…