JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
Shareholder capitalism is the best form, of capitalism, IMO, as it makes the CEOs answer to the public in the form of share holders.
Under Biden your 401k is not legit.
Under Biden your 401k is not legit.
Biden vows to “end shareholder capitalism”
Former VP threatens to shake up corporate America
capital.com
The presumptive Democratic presidential nominee, Joe Biden, jolted markets on Thursday when he called for an end to what he dubbed an “era of shareholder capitalism”.
Speaking at an event in Pennsylvania, the former vice-president said: “Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families. If I am fortunate enough to be elected President, I’ll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don’t need me.”
Biden also called for a $400bn (£316bn, €354bn), four-year increase in government purchasing of US-based goods and services, along with $300bn in new research and development into US technology concerns. Seemingly attempting to out “America First” his opponent, the 77 year-old proposed a tightening of existing “Buy American” laws.
The Delaware politician described shareholder capitalism as an “absolute farce”, which holds “the idea that the only responsibility a corporation has is to its shareholders”.