Pearl River Among the many, many myths of capitalism, especially at this late stage, is that shareholders have any real say in the direction of the companies where they hold stock. Called shareholder democracy, it’s anything but. The deck has always been stacked for management and incumbent board members, particularly in the collection of …
Category: Economics
Bargaining With Yourself
Little Rock Watching from a distance the back and forth of internal push and shove within the Democratic caucus in Congress in both the House and Senate is a negotiations case study, no matter how painful the process. In labor negotiations this is pejoratively called, “bargaining with yourself,” meaning that you are having to …
Inflation for the Rest of Us
New Orleans Inflation is scary to people, especially if you are now living in Argentina or Venezuela, where prices are rising in double digits on a regular basis. In the United States, it’s a mixed bag, depending on where you stand, and who you believe. There’s no question that prices are currently going up, partly because of …