Steve Randy Waldman
@interfluidity.com

i don't think you can look at a firm like Boeing, for example, and conclude they were just profit-maxing and given what expertise they had on hand, making planes was the best opportunity. they had a passion for engineering and building planes to which profit maximization was subsidiary!

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Steve Randy Waldman
@interfluidity.com

it's not so hard. just fail to support or say nice things about President Trump. i mean, you and i have executed none of our critics, and yet we've achieved the credential. (tbf, all the wars we've personally prosecuted have been genocidal.)

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Steve Randy Waldman
@interfluidity.com

i guess for the same reason i favor it in other kinds of polities, i'm glad boards are often elected by cumulative voting to enable some minority interest representation . www.investor.gov/introduction... 1/

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Steve Randy Waldman
@interfluidity.com

i agree that means mischief is sometimes represented on the board. it is the job of the majority to stand up to it. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

exactly.

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Steve Randy Waldman
@interfluidity.com

majority shareholders can't engineer payouts to themselves that exclude minority shareholders. minority shareholders can seek and gain representation on the board. 1/

in reply to self
Steve Randy Waldman
@interfluidity.com

but the board controls the firm, answering in the majority to majority shareholders, and courts must not impose a least-common-denominator profit-maximization interest on behalf of minority shareholders. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

minority shareholders have a right to equitable treatment ("equity!"), but not to demanding the firm be run in favor of least-common-denominator interest.

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Steve Randy Waldman
@interfluidity.com

the accusation is always a confession. it is the people who are currently working to occupy and conquer us that are complaining about a mythical occupation they are countering.

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Steve Randy Waldman
@interfluidity.com

not even. mission-driven capitalism. a firm is a human organization to accomplish something. recruiting and appeasing all stakeholders, generating cash flow sufficient ti pay the bills, these are *constraints* a firm faces, not the goal or function or purpose of the firm.

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Steve Randy Waldman
@interfluidity.com

the people who wanted "everything run like a business" also transformed how businesses were run, and it broke those too. (they transformed businesses into the idiot share-price maximizers of pathetically stylized economic models, which is not how most businesses actually functioned before 1970!)

Steve Randy Waldman
@interfluidity.com

i don't think the median US voter actually thinks very much at all on the subject.

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Steve Randy Waldman
@interfluidity.com

maybe some of these firms prefer to file their own briefs, which would be great. but those that neither file nor sign on — and of course those that openly capitulate — should be shunned forever. clients of collaborationist firms as well.

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Steve Randy Waldman
@interfluidity.com

this is an administration that "reforms" imperfect but somewhat functional institutions into cargo-cultish mimics of what those institutions once were. www.thedailybeast.com/tim-pool-was...

Link Preview: 
Influencer Paid by Russia Added to White House Press Pool: Tim Pool was one of several conservative social media stars who says he was duped into taking Russian money during the election.

Influencer Paid by Russia Added to White House Press Pool

Link Preview: Influencer Paid by Russia Added to White House Press Pool: Tim Pool was one of several conservative social media stars who says he was duped into taking Russian money during the election.
Steve Randy Waldman
@interfluidity.com

ht @thetnholler.bsky.social @RunRichRun.mastodon.social.ap.brid.gy

in reply to self
Steve Randy Waldman
@interfluidity.com

"I was proud to reintroduce…the No Dollars for Dictators Act to ensure tax dollars aren't being funneled…to dictators, terrorists and other evil regimes." ~Florida Senator Rick Scott, from his e-mail newsletter. I guess he really does believe in tax cuts.

Steve Randy Waldman
@interfluidity.com

don’t worry elon will send a sub.

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Steve Randy Waldman
@interfluidity.com

it’s the tautology, stupid.

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Steve Randy Waldman
@interfluidity.com

we should form a group called the “real americans” and raise huge sums for ad campaigns throughout the free world apologizing for our country’s behavior under possession, thanking them for staying sane and free, praying we will soon rejoin them after a difficult exorcism. ht @williamcb.bsky.social

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Steve Randy Waldman
@interfluidity.com

you lace the product with arsenic, and all of a sudden…

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Steve Randy Waldman
@interfluidity.com

Venezuela has genuinely been a pretty horrific place for people. And now the US is like, hold my beer. www.miamiherald.com/news/local/i... ht @jeffstein.bsky.social

Link Preview: 
U.S. sent Venezuelan man with pending political asylum case to El Salvador mega prison: Frengel Reyes Mota was supposed to be dealing with his ongoing asylum case as he fought for his chance to stay in the United States. Suddenly, he instead found himself locked up in a mega prison thous...

U.S. sent Venezuelan man with pending political asylum case to El Salvador mega prison

Link Preview: U.S. sent Venezuelan man with pending political asylum case to El Salvador mega prison: Frengel Reyes Mota was supposed to be dealing with his ongoing asylum case as he fought for his chance to stay in the United States. Suddenly, he instead found himself locked up in a mega prison thous...
Steve Randy Waldman
@interfluidity.com

my alma mater was once as close to a utopian community of playful minds as has existed in this country. i am so sad and ashamed by what it has become, so angry at the moral pygmies so raucously undoing it. #NewCollege

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Steve Randy Waldman
@interfluidity.com

cc @steveroth.bsky.social www.journals.uchicago.edu/doi/abs/10.1...

Link Preview: 
How the Wealth Was Won: Factor Shares as Market Fundamentals | Journal of Political Economy: Vol 133, No 4: Why does the stock market rise and fall? From 1989 to 2017, the real per capita value of corporate equity increased at a 7.2% annual rate. We estimate that 40% of this increase was attributable to a r...

How the Wealth Was Won: Factor Shares as Market Fundamentals | Journal of Political Economy: Vol 133, No 4

Link Preview: How the Wealth Was Won: Factor Shares as Market Fundamentals | Journal of Political Economy: Vol 133, No 4: Why does the stock market rise and fall? From 1989 to 2017, the real per capita value of corporate equity increased at a 7.2% annual rate. We estimate that 40% of this increase was attributable to a r...
Steve Randy Waldman
@interfluidity.com

they pin a little zig-zagging arrow going down and to the right to the breasts of shorts.

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