An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Firms are in business to "maximize shareholder value." Tom Hickey
No. Firms are owned by their shareholders; therefore their business is to do the will of the shareholders, which may or may not be to "maximize shareholder value."
And it's government privileges for private credit creation that minimize the need to broadly share equity. Otherwise, the will of the shareholders would much more reflect the will of the general population.
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Firms are in business to "maximize shareholder value." Tom Hickey
No. Firms are owned by their shareholders; therefore their business is to do the will of the shareholders, which may or may not be to "maximize shareholder value."
And it's government privileges for private credit creation that minimize the need to broadly share equity. Otherwise, the will of the shareholders would much more reflect the will of the general population.
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