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PostPosted: March 31 19, 9:04 pm 
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"Capitalism has been slowly commiting suicide."
Of course he's not a true American. He's an asylum-seeker from Romania that should have been turned away at the border. And he's 80. Completely out of touch with making America great again. But you might find it interesting.

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In his retirement, when he’s not spending time with his family, Georgescu has been trying to agitate other corporate leaders. He has published a book, called “Capitalists, Arise!” He has written op-eds and given talks. He talks about the signs of frustration, in both the United States and Europe. He has seen societies fall apart, and he thinks many people are underestimating the risks it could happen again. “We’re not that far off,” he told me.


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PostPosted: April 1 19, 9:04 am 
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Georgescu believes that business, more than government, can solve the problem.


This is a false dichotomy - that only the only solutions are business or government. I mean, clearly there are things both of those entities can do to improve things, but there are other institutions that can improve the situation, too. I am also becoming weary of rich guys telling us capitalism needs to be fixed when it seemed to work for them just fine. If it hadn't worked so well for them, they wouldn't be getting a profile in the New York Times.


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PostPosted: April 24 19, 5:53 pm 
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Here's another one: Ray Dalio of the Bridgewater hedge fund.

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The yawning gap between rich and poor is a “national emergency”, Dalio wrote in an 8,000-plus-word blogpost on LinkedIn (where else?) that poses an “existential risk for the US”.

“I believe that all good things taken to an extreme can be self-destructive and that everything must evolve or die. This is now true for capitalism,” he wrote.

Dalio joins the JP Morgan boss, Jamie Dimon, investment guru Warren Buffett and even the Blackstone chairman, Stephen Schwarzman, “private equity’s designated villain” ( copyright the New Yorker) and usually an unapologetic 0.01%er, in publicly worrying that income inequality has stretched the US body politic to breaking point.


Edit: Although, this being the Guardian, the author of the piece thinks its all lip service. We'll see.


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PostPosted: April 27 19, 12:17 am 
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Walt Disney heir calls out Iger and Bezos pay packages as 'insane'.

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Disney, 59, made headlines after branding Iger’s near-$66m pay packet “insane”. In an interview with the Guardian, she was unrepentant, describing some of the Walt Disney Company’s financial pledges to employees as “neoliberal claptrap” and calling for Iger to renounce his extraordinary compensation.

Disney, the great-niece of Walt Disney, also derided Amazon’s founder, Jeff Bezos, for his treatment of low-paid Amazon workers, in a wide-ranging conversation about the state of big business.

Abigail Disney made waves in a series of tweets, condemning Iger’s pay for having “deepened wealth inequality”. Iger made $65.6m in 2018 – 1,424 times the median salary of a Disney employee. The Walt Disney Company responded by saying it had agreed to pay a minimum wage of $15 an hour by 2021. It also said it plans to spend $150m on an education initiative to provide free college training.

But Disney, the great-niece of Walt Disney, told the Guardian she found the company’s response “insulting”.

“They say they pay more than the federal minimum wage. But they know [$15 an hour] is not a living wage in Anaheim,” Disney said, referring to the southern California city where Disneyland is located.

“Then they go on to say that they offer education and upward mobility – and that’s neoliberal claptrap,” Disney said. She added that the company’s response implied people’s current jobs were not being valued.

“The presumption that every job is a job from which you should ascend is to say that the job you start in isn’t a real thing, or that it doesn’t deserve all the respect and dignity any other job deserves.”


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