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Given valuations it seems like capital has less power than ever, so it's kind of strange how the politics suggests that capital has more power than ever. It is
by rogerkirkness 7y ago
Given valuations it seems like capital has less power than ever, so it's kind of strange how the politics suggests that capital has more power than ever. It is very hard to find good investments as the capital side and simultaneously people diefy the capital class. Similar to how everyone fears losing their jobs to automation that doesn't seem to be having that much impact. This to me is basically affirmation that 1. Good CEOs are really hard to hire and retain and so 2. Power is shifting from capital (of which there is lots) to good CEOs (of which there are few) and finally that 3. Big companies have largely run out of ideas to grow so they would rather fight their battles on the PR front.
- bediger4000 7y agoYou might be leaving out that the CEOs in question have already got a huge personal pile of money, and they finally realized they don't need any more, and that if they keep it up there's riots and other bad things in store for them.