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Add comment on:Casino Capitalism and Profit Maximization
In the 1960s the average holding time for stocks was 10 years. Now the holding time is not 9 months but 22 seconds. Like shareholder value, profit maximization leads to exploding inequality and the waste of resources. States were weakened by extensive tax cuts. How can the economy serve long-term necessities (e.g. affordable housing, education and health care) and not only short-term profit maximization?
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