by Chris Black
The duty to put profits for shareholders above all else has ruined millions of lives.
There is a reason why Wall Street exists and it isn’t to make money off selling products and services to people.
The majority of publicly traded corporations could not exist as private entities.
They simply could not continue operations without being able to float shares to cover ever increasing debt.
Did you know that Amazon has never made a dime when accounting for the accumulated losses since the birth of the business?
I believe Amazon holds a record for cumulative quarters of loss.