Perhaps his teleprompter preparer typed it in error ... or maybe his puppet masters actually opened his kimono a bit too much, but Joe Biden actually did say yesterday in Pennsylvania that, if elected, he would ‘end the era of shareholder capitalism.’ See: CNBC Story.
Wow! No wonder the stock market took a 361 point nosedive.
3 comments:
Shareholder capitalism is giving way to stakeholder capitalism: the notion that a firm focuses on meeting the needs of all its stakeholders: customers, employees, investors, partners, the community, and society as a whole.
Do you think Biden knows the difference? And, if so, why didn’t he say so?
By the way ... the very essence of capitalism is satisfying your customer first (the “invisible hand” of Adam
Smith).
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