Sen. Elizabeth Warren thinks she knows what ails capitalism: There aren't enough people telling the biggest businesses what to do.
Try to contain your surprise that Warren believes the profit motive is ruining capitalism.
Warren's "Accountable Capitalism Act" would require that corporations that earn more than $1 billion in revenue a year would need a federal "Charter" in order to operate.
Warren complains in a Wall Street Journal commentary that shareholders have "Extracted" $7 trillion in profits since 1985 that "Might otherwise have been reinvested in the workers who helped produce them."
Warren doesn't mention Amazon at all in her commentary.
Warren even complains in her commentary that "Companies are setting themselves up to fail" by funneling earnings to shareholders rather than reinvesting them.
Warren isn't really concerned about businesses failing.
http://reason.com/blog/2018/08/15/elizabeth-warren-plans-to-destroy-capita
Try to contain your surprise that Warren believes the profit motive is ruining capitalism.
Warren's "Accountable Capitalism Act" would require that corporations that earn more than $1 billion in revenue a year would need a federal "Charter" in order to operate.
Warren complains in a Wall Street Journal commentary that shareholders have "Extracted" $7 trillion in profits since 1985 that "Might otherwise have been reinvested in the workers who helped produce them."
Warren doesn't mention Amazon at all in her commentary.
Warren even complains in her commentary that "Companies are setting themselves up to fail" by funneling earnings to shareholders rather than reinvesting them.
Warren isn't really concerned about businesses failing.
http://reason.com/blog/2018/08/15/elizabeth-warren-plans-to-destroy-capita
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