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Cui Bono? The market doesn't care. And it makes sure to reward executives that don't care. As long as they can keep making money in short-term speculation tran
by elzbardico 4y ago
Cui Bono?
The market doesn't care. And it makes sure to reward executives that don't care. As long as they can keep making money in short-term speculation transferring wealth from some naive Ohio teachers and fireman retirement fund to their pockets this is what will happen.
The line between capital and financial markets has been completely blurred a long time ago. Big finance calls all the cards, and big finance, like the House, always wins.
They are not naively copying each other behavior, they are doing what wall street expects of them if they want to keep their big fat bonuses.
The non-speculative shareholder is being robbed in daylight and labor is just collateral damage (not to mention that usually they are both the same person)