The 500 largest global corporations, the “Global 500” control nearly 40% of total global revenue. Why shouldn’t these production bureaucracies be managed in the interests of everyone rather than a tiny elite of passive stockholders? Since ownership and control of these companies are separate, there’s no particular reason their efficiency should drop if the absentee stockholders were removed from the equation. What a beginning if these companies could be operated globally in the interests of society.Can you believe this guy had a career in banking and finance? Well, bankers are people, too! However, I notice that he quit his career. In any case, he is authentic--I've had contact with him and he is the "real deal".
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Thursday, June 16, 2011
The radical nature of austerity
Click here to access article by Jim O’Reilly from his blog, Comments on Global Economy.