Corporations Aren’t Greedy Enough
unherd.com
unherd.com
"In short, what economic theory presumes to be “rational” for a single firm may not be “rational” from the perspective of a diversified institutional portfolio manager. If anyone is too “greedy”, in other words, it is not corporations but shareholders. "
>We can't help but do what everyone keeps throwing money at us for, demanding we make more money out of it! We're helpless! We have no influence whatsoever on what gets done with all that Capital or the fact we're asking for it anyways!
My view:
This is buck passing necessitated by the fact we systematically rule out taking risks except by a small cadre of people with so much money they alone can take risks without existential risks facilitated by the fundamentally extractive nature of a consumption based economy.