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Domain: economicpopulist.org

Stories and comments across the archive that link to economicpopulist.org.

Stories · 2

  1. Goldman Sachs Says No Facebook Shares For US Investors

    Yro · Facebook · · posted by Soulskill · from the good-thing-they-aren't-covered-in-gravy-or-there-would-be-war dept. · 529 comments
    theodp writes "In 2009, Robert Cringely speculated that the day might be coming when Goldman Sachs decides the United States isn't worth dealing with anymore. Crazy, eh? Maybe not. Blaming 'intense media attention,' Goldman Sachs has decided to exclude US investors from a $1.5 billion Facebook offering. In a nicely-timed all-investors-are-not-created-equal MLK Day statement, the US taxpayer bailout beneficiary said, 'Goldman Sachs decided to proceed only with the offer to investors outside the US....We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take.'"

  2. Is 'Corporate Citizen' an Oxymoron?

    News · Money · · posted by CowboyNeal · from the obligatory-lincoln-quotes dept. · 373 comments
    theodp writes "Citing expert testimony from a recent House Science Subcommittee hearing on Globalizing Jobs and Technology, The Economic Populist challenges the conventional wisdom that maximizing profits should be a corporation's only responsibility, suggesting it's time for the US to align its corporations to the interests of the nation instead of vice versa. Harvard's Bruce Scott warns that today's global economy is much like the US in the later 19th century, when states competed for funds generated by corporations and thus raced to the bottom as they granted generous terms to unregulated firms. Sound familiar, Pennsylvania? How about you, Michigan?"