04-12-2016, 11:50 AM
(04-12-2016, 01:38 AM)michaelsean Wrote: And I don't know what you mean about the trouble with pure capitalism. There is nothing about capitalism that excludes long term planning.
Actually there is. There used to be a theory that businesses would regulate themselves becaue they would never sacrifice short term gain over long term viability, but that myth went up in smoke with the lending crisis. Since CEOs just move on to another job when a company goes under they value short term gain over the long term survival of a company. But more importantly so do stock holders. They will take the short term gain and move their money to another investment when the first one starts to fail.
