Robert Reich shows us exactly how they got rich, and it was far from on their own merits. And it certainly wasn't from their much vaunted free market competition. To the contrary, cheating via anti-competitive behavior is how they got to their current status. Just the bullet points are below from the article. See it for the details.
1. Exploit a monopoly.
2. Get insider information unavailable to other investors.
3. Buy off politicians.
4. Extort big investors.
5. Get the money from rich parents or relatives.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.