Shareholder supremacy is the dumbest, most regressive degenerate shit we as a society has come up with in a long time.
Precisely because it is driven and powered by all of our 401k accounts, which creates a vicious cycle of long-term value destruction in favor of short term quarterly reports. And we can’t just reverse course because it then puts downward pressure on everyone’s 401k.
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I agree.
Shareholder supremacy is the dumbest, most regressive degenerate shit we as a society has come up with in a long time.
Precisely because it is driven and powered by all of our 401k accounts, which creates a vicious cycle of long-term value destruction in favor of short term quarterly reports. And we can’t just reverse course because it then puts downward pressure on everyone’s 401k.
Fucking stupid all the way through.