The Future of Big Finance: A Discussion with Anastasia Nesvetailova
New Books in Critical Theory
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The Risks of Shareholder Democracy
The shareholder model is important because it also allows some elements of transparency in some cases. There are two main elements of problematic behavior: cross ownership or how institutions own each other. If by decree, if you want by law, the purpose of a bank is to deliver value to shareholders, but not usefulness to society, then it becomes an issue. It falls on shareholders to say, is our interest us? Are we a gain, societal outcome?
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