Elizabeth Warren unveils bold new plan to reshape America's richest companies

MMS

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It's a great idea. The model of shared wealth/sacrifice worked well during the Country's largest wealth expansion. Post WW2 - 1980s.

Unless you are a wealthy person like @DEAD7 and @Slystallion who are so wealthy that they live off capital investments, :troll: this is a great idea for those of us who live off wages.

Instead of siphoning as much as possible to send to shareholders, companies will be forced to spend money taking care of workers. It's also good for businesses, as more earnings will go to making capital investments in the business.

I also think it will be good for managers as they can plan for the long term without having to suck Wall St dikk every quarter.

This model worked great during the largest shared expansion in wealth in the country's history. Post WW2 - 1980.
while i tend to agree with you on overall things the govt should do....

have you ever considered what it would take to not live off wages :jbhmm: you dont necessarily need alot of money to replace typical salaries
 

Oville

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Germany has a similar form of capitalism and they have the strongest economy in Europe.
 
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Secure Da Bag

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Germany has a similar form of capitalism and they have the strongest economy in Europe.
Yall gotta stop applying apples and oranges.

Germany was rebuilt by the West and didn't have to invest in actual defense...and the culture is just different.

We need American solutions to American issues.
 

Oville

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Yall gotta stop applying apples and oranges.

Germany was rebuilt by the West and didn't have to invest in actual defense...and the culture is just different.

We need American solutions to American issues.

Re-organizing corporate structure isn't a government spending program so I don't see how cost would come into play. The whole American solutions to American issues trope is something straight out of a Republicans book when ever a progressive considers the effectiveness of programs that other countries are doing. I can see how adopting some policies like gun control wouldn't be as effective here due to centuries of having a firearm industry but I don't see how restructuring corporations so that workers can have a say at the table is something that wouldn't translate in America. Whether its currently politically feasible is another story.
 

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Re-organizing corporate structure isn't a government spending program so I don't see how cost would come into play. The whole American solutions to American issues trope is something straight out of a Republicans book when ever a progressive considers the effectiveness of programs that other countries are doing. I can see how adopting some policies like gun control wouldn't be as effective here due to centuries of having a firearm industry but I don't see how restructuring corporations so that workers can have a say at the table is something that wouldn't translate in America. Whether its currently politically feasible is another story.
Copying Europe isn't inherently progressive.

Stop pretending that not being inventive is revelatory
 

DEAD7

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This de facto nationalization of corps is progressivism at its worst.
:scust:
I can’t believe the support in this thread for this.

Capital flight and business dislocation clearly mean nothing to Coli progressives at this point.
They have said “fukk the American economy”.
 

Oville

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Copying Europe isn't inherently progressive.

Stop pretending that not being inventive is revelatory

I'm not saying copying Europe is inherently progressive. I'm saying the policy of giving workers a greater stake in the company is.
 

Oville

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This de facto nationalization of corps is progressivism at its worst.
:scust:
I can’t believe the support in this thread for this.

Capital flight and business dislocation clearly mean nothing to Coli progressives at this point.
They have said “fukk the American economy”.

Again Germany, has the fourth largest economy with this model. This wouldn't be nationalization because the business will remain private. Its about granting greater rights to the workers who bust their ass for the company. You might not look at the income gaps and wage stagnation as bad economics but when people still feel uneasy about the future despite the low unemployment rates and high rate of growth then we should re-evaluate if surface level metrics like growth and unemployment rates are enough to measure economic prosperity.
 
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