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Actually neither! There is one level more pessimistic than Friedman, which is Greenspan's parting realization. [1] So it's three layers of theft now. Public c
by imglorp 8y ago
Actually neither! There is one level more pessimistic than Friedman, which is Greenspan's parting realization. [1] So it's three layers of theft now. Public corps ...
Society's wellbeing < shareholder's value < executive's value
So you get these axemen who show up, extract whatever they can from the corporation, and then walk away from the ruins for the next thief, if anything is left. They're TWO layers removed from society.
1. https://www.nytimes.com/2008/10/24/business/economy/24panel.html https://www.nytimes.com/2008/10/24/business/economy/24panel....