Elizabeth Warren has a plan to save capitalism - "She's unveiling a bill to make corporate governance great again." (via)
"Over the last year, corporate profits have soared while average wages for Americans haven't budged. It's been the same sad story for decades. Today I'm introducing a new bill to help return to the time when American companies & workers did well together."
"This is really interesting, as managerialist corporatism has always represented a middle ground between socialism and shareholder capitalism. This proposal would make us more like Japan."
How to Cure Corporate America's Selfishness - "Senator Elizabeth Warren has a simple idea for keeping big business accountable to the American public, not just shareholders."
Elizabeth Warren unveils bold new plan to reshape American capitalism - "Accountable Capitalism Act would bring about 'fundamental change', redistribute wealth and give more power to workers."
The Shareholder Revolution Devours Its Children - "The economy has been rigged to channel wealth to a tiny elite."
Public Benefit, Incorporated - "Three simple changes to corporate law could radically remake our economy."
The Finance 202: Elizabeth Warren takes on corporate giants as she lays 2020 marker - "Her economic vision is emerging."
Kevin Williamson's unhinged attack on Elizabeth Warren's corporate accountability bill, explained - "I'm not sure he actually read it."
Scary. Deeply, Truly Scary - "Corporations would be run overwhelmingly for the benefit of existing workers. Pay would outstrip worker productivity – which itself would fall. Payrolls would bloat. Efficiency-enhancing innovation would disappear. And economic competition would become anemic as companies are run less and less to produce goods and services that appeal to consumers and more and more to produce security and sinecures that appeal to workers."
Elizabeth Warren Plans To Destroy Capitalism By Pretending To 'Save' It - Warren's plan would overrule corporate leaders' control over their own businesses. This is also known as 'socialism.'"
John Mackey and Conscious Capitalism Have Won the Battle of Ideas With Everyone but Libertarians - "Why can't free marketers celebrate entrepreneurs and titans of industry who change our world unless they admit they're in it only for the money?"
Trump and Warren agree: Corporations are holding back the economy - "Trump supports a minor tweak, while Warren would redirect corporations to serve the public as well as shareholders."
"I've been doing some historical research into why so many Americans now say they support socialism. It really is important to realize that Republicans have systematically identified the social safety net with socialism."
Capitalism Without Capital - "Not enough people are paying attention to this economic trend." (via)
Newt Gingrich: Democrats have no idea what demons they are unleashing
Codetermination (also "copartnership" or "worker participation") is the practice of workers of an enterprise having the right to vote for representatives on the board of directors in a company.
Corporate America is indeed broken. I applaud
PocahontasWarren for introducing legislation attempting to fix it, creating discussion at the very least. However, I don't think this is the right step to fix it.Cheap labor hurts American wages. We have let corporations have too much say on immigration policies. Reduce illegal and legal immigration to drive up wages. Everyone claims this will increase costs, maybe, but it could also reduce the obscene compensation packages of top execs and funnel some of that money back to the workers.
Artificial barriers into the market kills competition. Stop crony capitalism. Quit the regulations, taxes, and licenses which create an environment where only the mammoth companies can afford to do business.
If we do these two things and we still don't see the market moving in the right direction, then I'd be more willing to look at proposals like Warren's.