Month: March 2020

Page 9

It is through the shareholder that society sanctions what the company wishes to do.  Society says, “Yes, you may do that,” when money is invested in a company.  Perhaps the principal difference between a free and socialist economy is the mechanism by which this social assent or commitment is made.  In a controlled economy, a …

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Page 8

The market will also balance short-term against long-term considerations in the same way that the employees and shareholders make such considerations.  If the market does not get its needs satisfied in one way, it will seek alternative ways.  This is the same as saying that the market invests or commits its need to a particular …

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