The False Dichotomy

by Nathan Robinson edited by O Society May 22, 2020 He unemployment numbers are horrifying. The worst since the great depression. Tens of millions of people out of work. 9 million have lost their health insurance. It’s bad out there. The positive spin is much of this unemployment should be temporary, lasting only as long as … Continue reading The False Dichotomy

The Magic of Stock Buybacks is Keeping the Bull Market Afloat

What is "The Wealth Effect?" "The wealth effect indicates when the value of equity portfolios are on the rise because of accelerating stock prices, individuals feel more comfortable and confident about their wealth, which will cause them to spend more." ‘Eye-popping’ payouts for CEOs follow Trump’s tax cuts "Insider sales feed the narrative corporate tax … Continue reading The Magic of Stock Buybacks is Keeping the Bull Market Afloat

As We are Now Witnessing, Free Market Fundamentalism Turns Us Into Psychopaths

How the Dominant Business Paradigm Turns Nice People into Psychopaths ~ Lynn Stout, Evonomics Conventional wisdom in business circles today says corporate directors should “maximize shareholder value.” Corporations supposedly exist to serve shareholders’ interests, and not (or at least, not directly) those of executives, employees, customers, or the community. However, this shareholder-value dogma begs a … Continue reading As We are Now Witnessing, Free Market Fundamentalism Turns Us Into Psychopaths