S7 E7: Gilded Age 2.0
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Corporations as Financial Playthings
- Oren Cass argues that over the last 40 years, corporations have shifted from being locally rooted entities with owners and managers accountable to their communities, workers, and customers to becoming financial playthings.
- This transformation is attributed to the rise of technology and sophisticated financial practices, such as leveraged buyouts.
- Cass highlights how these corporations prioritize profit maximization above all other obligations.
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