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by TomMckenny
2840 days ago
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Oh yes, I would never claim those differences in the board room would be the _reason_ for non-consolidation etc. That would indeed be cargo-cult. I merely meant that evidently such boardroom arrangements don't destroy an economy. Additionally, I would intuit that it improves the employee's condition and because employees are strongly motivated to keep the company they depend on strong, their motivations align with investors to that degree while they may have additional insights. So I'm theorizing their presence will at worst do no harm. As you imply, the American rapid rise to economic supremacy and current slow down is undoubtedly complex. I would add that initially part of it was the annihilation of productive capacity outside the US after WWII and part of it was the Keynesian stimulation that WWII forced the US to do during the war. I just meant to say to the grandparent post that observationally Elizabeth Warren's proposal was not a threat national commerce. |
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