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by blq10
991 days ago
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Breakneck capitalism, so to speak is why I can get almost any material , consumer or professional, delivered to my door in a few days - including things that would be considered exotic a year ago, at a tenth the price they would have been (even adjusting for col). Corporate raiding is nothing new, and financialization does let it happen at a pace that it couldn't previously - but just saying "but that's capitalism!" is quitting Worker owned collectives have the same problems, people want to acquire power and then use it to be ahead when strategies fail and someone has to take responsibility. How do you prevent that looks different in a market economy than a planned one (planned ones having more widespread but also more small scale corruption issues like these) - but you still do need to do the work to prevent it. |
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How prevalent was it from the 1940s to the 1970s?
One of the larger issues that is causing problems is the misnomer of "maximizing shareholder value" which took hold in the late-1970s and especially the 1980s (unsurprisingly the same era as Reagan).
* https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...