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Response to Ichingcarpenter (Reply #6)

Sun Apr 13, 2014, 12:05 PM

25. What Wall Street values is not what we value

Yet we take their valuation as an indicator of whether we are doing well as a nation or not.
And they revolve back and forth between government and their companies, ensuring their values are embedded in our culture.

I keep going back to the microcosm of the reasons they have so often downgraded Costco as a clear illustration of this. They have 'encouraged' Costco to cut jobs and pay rates, to pay CEOS and shareholders (the few) more on the backs of workers and customers by reducing pay and raising prices. When Costco has refused and instead kept doing what is fair, has made them successful and helps communities, Wall Street marks them down. What does that say in terms of the 'market' doing well? What benefits us more as a society?

Yet, it's the values of Wall Street that end up being promoted through them being retained as advisors and appointees at the highest levels.

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Arrow 39 replies Author Time Post
Ichingcarpenter Apr 2014 OP
bobthedrummer Apr 2014 #1
Ichingcarpenter Apr 2014 #2
KoKo Apr 2014 #19
sabrina 1 Apr 2014 #26
WillyT Apr 2014 #3
truedelphi Apr 2014 #4
magical thyme Apr 2014 #21
truedelphi Apr 2014 #35
Enthusiast Apr 2014 #30
GoneFishin Apr 2014 #5
Ichingcarpenter Apr 2014 #6
GoneFishin Apr 2014 #13
Enthusiast Apr 2014 #32
GoneFishin Apr 2014 #37
LineLineLineReply What Wall Street values is not what we value
suffragette Apr 2014 #25
Rex Apr 2014 #7
Ichingcarpenter Apr 2014 #9
Rex Apr 2014 #11
erronis Apr 2014 #15
Rex Apr 2014 #38
MannyGoldstein Apr 2014 #8
Ichingcarpenter Apr 2014 #10
Rex Apr 2014 #12
ProSense Apr 2014 #28
Ichingcarpenter Apr 2014 #34
shanemcg Apr 2014 #14
rhett o rick Apr 2014 #16
Dragonfli Apr 2014 #17
rhett o rick Apr 2014 #18
KoKo Apr 2014 #20
Octafish Apr 2014 #33
Tierra_y_Libertad Apr 2014 #27
Octafish Apr 2014 #22
woo me with science Apr 2014 #23
johnnyreb Apr 2014 #24
octoberlib Apr 2014 #29
Enthusiast Apr 2014 #31
Octafish Apr 2014 #36
bobthedrummer Apr 2014 #39
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