Re:Companies Shouldn’t Be Accountable Only to Shareholders
by subway on Wednesday August 15, 2018 @11:10AM
(#17766608)
That statement is pointing out the existence of a feedback loop in need of dampening. It's not saying the market needs to go away, or that it only benefits a minority.
To imply it's a cry that the game was designed to be rigged is a straw-man.
Because the wealthiest 10% of U.S. households own 84% of American-held shares, the obsession with maximizing shareholder returns effectively means America’s biggest companies have dedicated themselves to making the rich even richer.