I agree giving money to a homeless person may not be the best way to help that person because that person now has cash, but no accountability to this new capital. Accountability is something America is founded upon, just look to the way the government is set up. Three branches each trying to hold one another accountable to the others. Congress makes laws, Presidents enforce laws, Courts interpret laws. No one branch can do it all.
And yet, when it comes to commerce in America we seem totally against any sort of accountability to the Market. It is as though the only thing holding the Market accountable is individuals. But this is only possible if individuals are rational.
People are not, I am not, always rational.
I appreciate the Libertarian movement, but I wonder who is holding the Market accountable?
This report from New York Times is a series of videos talking about the way Private Equity Deal makers take advantage of the market for gains for the investors but many times at the great expense of the long term health of the company and the employees.
How Private Equity Deal makers Can Win While Their Companies Lose
And yet, when it comes to commerce in America we seem totally against any sort of accountability to the Market. It is as though the only thing holding the Market accountable is individuals. But this is only possible if individuals are rational.
People are not, I am not, always rational.
I appreciate the Libertarian movement, but I wonder who is holding the Market accountable?
This report from New York Times is a series of videos talking about the way Private Equity Deal makers take advantage of the market for gains for the investors but many times at the great expense of the long term health of the company and the employees.
How Private Equity Deal makers Can Win While Their Companies Lose