/biz/ - Business & Finance

>>57553509
Corporatist?

>>54230517

This is already the way the world works and has for decades.
Equity in virtually all property and enterprise has been conglomerated into LLCs and other liability shielding corporate entities.
Quite literally, people don't own things anymore. Companies do.

The problem with this is that it creates a society in which participants/investors in these entities reap enormous benefit from them, while managing to avoid any liability or responsibility for them.
The way that enterprise and property ownership should work in any civilized society, is that there is one person, or very small group of people, who are directly financially responsible for any ill effects those entities cause.
For example, if you are the BOSS of Dupont, and you spend decades collecting tens of millions in dividends from running the company, and then that company spends years dumping noxious chemicals into a river next to a town in rural West Virginia, which ultimately poisons the town's groundwater, kills off a huge percentage of farmers' livestock, and results in many of them developing terminal cancer (all true),
then YOU as the head of the company should be personally financially and legally responsible for the decisions YOU made that led to those outcomes.
Personal bankruptcy and prison time.
This is the only way that free enterprise can be responsibly organized in a civilized and cohesive society.
Instead, every time a giant corporation engages in malfeasance, everyone involved is left pointing fingers at each other like the Spiderman meme, and when the stock price drops (the only tangible outcome), a huge swarth of lower-level employees are the ones that get fired in "job cuts".
It's absolute nonsense.

>>54180662

Government isn't taking over the banking system.
Banking system is taking over governance and has been for the last 20 years in the US.

Saw a chart on here that correlates something related to treasury yields with major recessions over the last 100 years or so.
Went back to the Great depression.
I don't think it was yield curve inversion.

If anyone has it, please post.
Thanks in advance.

Close, OP