US EditionStrongman Economics Are Piss
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Strongman Economics Are Piss
The working man’s savior. (Photo: Getty)A basic but accurate model of investor capitalism is: Companies have expenses, and they have profits. The job of company managers is to minimize expenses and maximize profits, to the extent possible. The huge pools of capital controlled by investors will flow to the firms that produce the highest profits, with the same inexorable logic of a river flowing where gravity leads it. In return for their capital,…
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