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Dana's avatar

In a sense the crux of the problem is that we now live in a society that has condoned through policy decisions the creation of corporations that are only interested in shareholder profits, which has led to short term thinking that almost completely ignores the welfare (and future) of the majority of the population. If it makes money, that is all that is required, regardless of the damage.

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steve reed's avatar

Yes, Dana that is the crux and to put it in stark terms we have created the perfect killing machine- though this is not a messaging phrase to use.

And this is why Congress should pass laws that incentivize longer term investment horizons.

I hope Robert Reich does more to publicize law changes to shift corporate policies to longer term thinking. The crux is two fold: both corporate and individual planning horizons. The latter is much influenced by genetics. The former by laws that can be changed.

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Dana's avatar

Interesting that the original idea of the corporation in the first laws of the country explicitly limited its lifetime, and required that it be dissolved after its stated project purpose was accomplished. Not so much now!

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