Bridled Capitalism

Stephanie Ruhle and Scott Galloway had a focused discussion on CSuites and workers compensation this a.m. for which I am profoundly grateful. If the National Dems don’t focus on this issue they will go the way of the dinosaur — unless civil anarchy is launched by Trump before the 2018 elections (see Brownshirts) as he declares *martial war* on Mexico or Venezuela. National Dems are just as beholden to CSuite-backed Dark Money and Super PACS (see Citizens United v. Federal Election Commission) as are the Republicans (see opensecrets.org).

Minimum wage laws alone are a red herring; while they may be “necessary but not sufficient”, a minimum wage will always be eaten up by healthcare insurance premium hikes. The law must be made to require fiduciary responsibility to stakeholders not just shareholders, over the long term not just the short. There is a “life cycle of nations” and over the long view, (now globalized) capitalism doesn’t give a tinker’s dam about individual nations.

Unless “Say on Pay” is legalized in the US (with legal teeth, not just “suggestions”), Preferred Stock/Restricted Stock Units are eliminated or modified, Stock Buybacks are reined in so that they benefit stakeholders as well as “shareholders” (CSuites), Pre-IPO stock grants to frienemies with associated pump and dumps are regulated in a meaningful fashion, there will be no reinvestment into workers, social safety nets, enterprises. #DiabolicalGreed