That is the problem with Shareholder Capitalism: The insiders/promoters get rich while the great unwashed public gets in when the (wealth) train has departed, acquires its chips are elevated levels of valuations. The trend towards ever-increasing inequality is also reinforced.
Jeff Bezos just sold nearly $1 billion of Amazon stock (AMZN)
A Blind Economist’s Insight
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*The story was NOT apocryphal.*
An email from Marjorie Oi, the widow of the late economist Walter Oi,
prompted this post.
I had written an appreciative ...
3 hours ago
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