Keynesian economic theory

[Trolldor]

No it wouldn't.

[hiyymer]

No it wouldn't.

The fact is that most companies are owned by investment institutions as the representatives of the shareholders. Some of them are long term holders and already take an interest in influencing corporate governance. Give them a chance to rein in some really awful entrenched managements and it would happen. Why? Because the stock will go up and they will look good. It's in the owners' economic interest and the owners' are now represented.

[Trolldor]

No. John Q Citizen is not qualified to make decisions on a managerial or executive level because John Q Citizen has no experience in the area. John Q Citizen happens to comprise of the majority of shareholders too.

[hiyymer]

No. John Q Citizen is not qualified to make decisions on a managerial or executive level because John Q Citizen has no experience in the area. John Q Citizen happens to comprise of the majority of shareholders too.

What I just said is that John Q has a proxy representative in the fund companies, and that representative is not his "fiduciary" representative but rather someone with the same economic interest as his. The individual investors that are still in the market place are, believe me, sophisticated enough to figure it out.

[Trolldor]

They're interested in making money, even at the expense of the business and John Q.

[hiyymer]

No. John Q Citizen is not qualified to make decisions on a managerial or executive level because John Q Citizen has no experience in the area. John Q Citizen happens to comprise of the majority of shareholders too.

What I just said is that John Q has a proxy representative in the fund companies, and that representative is not his "fiduciary" representative but rather someone with the same economic interest as his. The individual investors that are still in the market place are, believe me, sophisticated enough to figure it out. Forgive me if I have faith in the market to operate given a chance. When the board of directors is making their decision about what CEO contract to present to the shareholders to vote on, that is a whole different decision than making a decision about what CEO contract looks fiduciary.

[hiyymer]

They're interested in making money, even at the expense of the business and John Q.

Ultimately they have to make people money to make money, whatever else is going on.

[Trolldor]

*sigh*

No please, continue. Tell us how some desk jockey throwing about somebody else's money is qualified to be making these decisions and interpretations.

[hiyymer]

*sigh*

No please, continue. Tell us how some desk jockey throwing about somebody else's money is qualified to be making these decisions and interpretations.

OK. Leave it up to the "board of directors" and keep deluding yourself that it's a negotiated market price for CEOs and they're economic value is 20 mil a year. Yo.

[Trolldor]

You don't seem to get it at all. Independant bodies, not interested parties, with relevant qualifications. They should be the regulators.

[Svartalf]

Not gonna happen.

[eXcommunicate]

Current economic libertarians still cling to tax cuts like toilet paper to a sphincter. A study of any economy will show that demand is the fuel for the economic engine. Not "tax cuts" for corporations or rich people. And not cutting regulation. To boost an economy you must first boost the underclasses who drive demand. Most businesses can't or won't hire more people just because they got a tax cut. They hire more workers to meet new demand. Period.

[redunderthebed]

I lol'd after the system of which combined the ideas of gordon gecko and adam smith collapsed around our earholes. That the ghost of John Maynard Keynes was raised after a decade or more of destroying any regulation of economic systems,essentially handing the keys to the future of millions if not billions of people to people who don't give a fuck about the aformention people or the country they will send up shit creek, so long as they can cash in on the labor of the people and the credit those said people racked up.

Now govt are talking about keynesian economics and regulation of market etc etc only after the system which the elite got fat on collapsed. Now the common person have and will bail them out after the elite have privatised the profits and socialised the losses we won't see a fucking cent back after spending billions and bankrupting economies and destroying peoples lives otherwise known as austerity measures.

It is also being used to roll back things that free market morons didn't like during the good times.Free health care welfare and the alike.

Keynes talk of regulation its all a giant lie to defraud us all to eventually to go back to the status quo.