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The enormous cash reserves in companies like Apple and Google represent significant accumulations of unproductive capital. If these and other large reserves wer
by vannevar 15y ago
The enormous cash reserves in companies like Apple and Google represent significant accumulations of unproductive capital. If these and other large reserves were invested instead, the positive impact on the economy might be substantial. Should we start limiting the cash reserves a corporation can accumulate?
- gwright 15y agoNo.
- vannevar 15y agoInsightful. So the argument in favor is that corporations are publicly chartered and have an obligation to act in the public interest, companies with publicly traded stock even more so. Sucking capital out of the market and leaving it sitting on a shelf while the broader economy stagnates seems contrary to the public interest, so limits on corporate cash reserves should be enacted. Anyone care to elaborate an argument against such a limit?