The very smart Simon Johnson believes that something like codetermination is essential if modern capitalism is going to work: Simon Johnson: Saving Capitalism from Economics 101: "Warren is proposing a much broader rethink. Large corporations can still do well, but they need to be held accountable in a much more transparent way. Incentives for executives would be adjusted, and running these companies would no longer be so much about lining their own pockets.... The legitimacy of capitalism���private ownership and reliance on market mechanisms���would be greatly strengthened under the Accountable Capitalism Act. So, yes, like it or not, this will be on the final exam...
#noted
Published on February 23, 2019 06:27