Tag: wealth
-
Lost Generational Wealth
The growing gap between worker productivity and pay has been a new source of wealth since the early 1970’s. A much older but similar source of wealth was pocketed by slave owners. A Citigroup historical review of ties to slavery shows at least indirect profits. The company acknowledged that slavery and slave labor “most likely”…
-
Productivity, Inequality, and a New Gilded Age
©2002 Ted Rall, Universal Press Syndicate This Ted Rall cartoon of business malfeasance was written after the Enron scandal and the Dot-com market crash, but there has also been quieter profiteering before and since from lagging wages in the entire economy. When I look at the productivity and pay chart below, I see my working…
-
John Bogle on Corporations
From “The Modern Corporation and the Public Interest,” a speech by John C. Bogle, Founder of the Vanguard Group, to the Public Company Accounting Oversight Board, December 7, 2017, pp. 13-14 “. . . The enterprises that will endure are those that generate growing profits for their owners, something they do best only when they take…
-
Malefactors of Great Wealth
Collected Quotes The Genius Of Capitalism Andrew Jackson on the Rich and Powerful It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be…