Posted on 08/03/2015 5:22:00 AM PDT by SeekAndFind
Hillary Clinton’s recent speech in which she decried “quarterly capitalism” has predictably generated a great deal of commentary. With good reason.
Not only is “quarterly capitalism” a whopper of a myth, Clinton’s solution to what is not a problem would bring great harm to the economy. Missed by Clinton is the basic economic truism learned the hard way by European countries that you can’t hire people easily if you can’t easily fire them. As readers will soon see, the hiring analogy is apt.
But first, it’s important to address her argument that excessive investor focus on quarterly earnings has somehow brought harm to the U.S. economy. The very presumption is laughable for many reasons, including the simple truth that investors aren’t “quarterly” in their orientation in the way that Clinton naively suggests.
To see why, it’s best to first travel back over 100 years to dawn of the automobile. Despite the fact that only 1 percent of the original car companies survived, investors funded over 2,000 of them.
Some may reply that the investor outlook of the early 20th century doesn’t describe today’s, and it doesn’t only insofar as investors today are even more willing to take big risks. We see this with abundant investment in the oil patch despite the reality that drilling most often results in dry holes, along with the patience investors have exhibited with pharmaceutical companies that commit enormous amounts of capital to drugs that not only may not prove effective, but that also frequently take years to reach the buying public.
(Excerpt) Read more at forbes.com ...
Telling this to Hillary is like talking to a brick wall.
All that the lefties know is how to bring down “the man” who has been oppressing us.
They’ve just learned to destroy things slowly instead of being in a hurry, and make themselves a neat pile in the process.
This manifests what I often see from liberals: either 1) they have no clue how an economy works, or 2) they do understand, but are trying to sell a lie to the audience. In Clinton’s case, I’m not sure which it is. I taught university-level economics and frequently had lively debates with a very liberal sociology prof. Often she would get boxed into a corner with absolutely no escape at which point she would say: “That may be, but I don’t believe it!” and she would storm out of my office. Now, think back to the Benghazi hearings and the “what-difference-does-it-make” statement. Kinda tells me Clinton doesn’t give a crap about the truth, only what she perceives as the truth. I wouldn’t trust her as far as I could throw her, and with those cankles, that’s not very far.
I have to say watching this a—hole drown in her own fecees is great.
I am appalled she is not under arrest for the influence peddling during her time as SoS through the Clinton Foundation but watching her gasp for air is somewhat satisfying.
There is no punishment this side of Hell fitting for this reprobate.
Does anything embody the ethical bankruptcy and hypocrisy of the democrat party as well as the ranting and raging against wealth by democrat millionaires?
Strongly reco you watch the main videos on evansayet.com. If you are unfamiliar w/same.
“2) they do understand, but are trying to sell a lie to the audience.”
True, and that lie is socialism.
The headline sums up a lesson that many European countries have yet to learn. People there complain about stagnant job growth, the rise of temporary, “contract” work, and the dismal market for young workers. But companies know that workers who are hired to the regular payroll are very difficult to terminate for any reason; hence, the extreme reluctance to hire them to begin with.
Especially in places links the EU. Fire a 35hr/WK French worker and you’ll basically end up paying them almost as much to not work.
Pardon me, but what the hell is “quarterly capitalism?”
Apart from a top 70% tax rate...
the rules and regulations made it impossible to fire an employee....
Net result....high unemployment and economic slow down.,
This is why we are going to see more family only operations. I know that there are intra-family disputes, but typically the family businesses work out pretty well. It’s the outsiders that are disloyal; the outsiders are the ones that complain to the state employment board or launch lawsuits.
This illustrates a larger point. We are increasingly seeing actions that are not only polarizing but are also resulting in more private & exclusive associations. Just look what’s going on with the attack on Christians, patriots, preppers, vets etc. It is getting to the point where we will need to create these enclaves and insular communities that only interact and do business with each other.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.