Friday , March 29 2024
Home / Mike Norman Economics / Pam and Russ Martens — Wall Street Is the Most Dangerous Example of Corporate Domination

Pam and Russ Martens — Wall Street Is the Most Dangerous Example of Corporate Domination

Summary:
As if someone had quietly turned on a light bulb last month illuminating the corporate takeover of America, a series of articles from multiple outlets chronicled the demise of American democracy under the jackboot of the corporate state. David Dayen at the New Republic wrote: “Far from selfless arbiters of right and wrong, CEOs are as responsible as anyone in America for skyrocketing inequality, climate crisis, waves of consumer fraud, and the biggest financial meltdown since the Depression. Condemning the unpopular views of an unpopular president whom they see as an inferior businessman is no sacrifice, especially when they are simultaneously plotting with administration officials to win as many perks as possible. CEOs aren’t ‘finding their voice’; they’re finding a way to control

Topics:
Mike Norman considers the following as important: , , , , , , ,

This could be interesting, too:

Matias Vernengo writes Podcast Failures: Friedman and Chile, Hume and Public Debt

Robert Vienneau writes Labor And Land Are No Commodities

Matias Vernengo writes The menace of the myth of General Pinochet’s Chilean economic miracle

run75441 writes How to Save Social Security . . . Investors Version

As if someone had quietly turned on a light bulb last month illuminating the corporate takeover of America, a series of articles from multiple outlets chronicled the demise of American democracy under the jackboot of the corporate state.
David Dayen at the New Republic wrote:

“Far from selfless arbiters of right and wrong, CEOs are as responsible as anyone in America for skyrocketing inequality, climate crisis, waves of consumer fraud, and the biggest financial meltdown since the Depression. Condemning the unpopular views of an unpopular president whom they see as an inferior businessman is no sacrifice, especially when they are simultaneously plotting with administration officials to win as many perks as possible. CEOs aren’t ‘finding their voice’; they’re finding a way to control government like a marionette, while hiding the strings.”
…..

Wall Street On Parade
Wall Street Is the Most Dangerous Example of Corporate Domination

Pam Martens and Russ Martens
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *