Economic Vice

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“Main Street” expects its CEOs, Fortune 500 companies, and private equity firms to hit “home runs” on a daily basis. Unfortunately, no matter how much quantitative acumen and market awareness an investment manager may retain, no Wall Street all-star can consistently hit the ball over the fence for investors and shareholders. Sometimes, they strike out. Inevitable losses are part and parcel of a capitalist economy. However, to appease investors and shareholders, executives have turned to the proverbial performance-enhancing drugs: what we will call economic vice. Economic vice produces artificial home runs for shareholders and creates unrealistic market expectations.”

The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System by Theodore Roosevelt Malloch, Jordan D. Mamorsky

Good, Good Enough and Greed

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How about representing the middle class and working families, for a change, rather than the wealthiest people. That is what democracy is about.

The top 1 percent now owns more wealth than the bottom 90 percent. That is not the foundation of a democratic society. That is the foundation for an oligarchic society. The rich get richer. The middle-class shrinks. Poverty increases. Apparently, good is not good enough yet for some of the richest people.

That is not apparently enough for our friends at the top who have a religious ferocity in terms of greed. They need more, more. It is similar to an addiction. Fifty million is not enough. They need $100 million. One hundred million is not enough; they need $1 billion. One billion is not enough. I am not quite sure how much they need. When will it stop?

The Speech: A Historic Filibuster on Corporate Greed and the Decline of Our Middle Class by Bernie Sanders