Comment by sokoloff
15 hours ago
What?! Publicly traded companies are not “legally bound to return growth in share price or dividends.”
There are plenty of companies who pay no dividends and have not returned growth in share price. They’re still operating and no one’s coming to throw the execs in jail.
On the off chance that there is such a law, please cite it.
Not a law perhaps, but an ingrained neoliberal philosophy that is pervasive in certain management cultures in the US definitely.
Neoliberal philosophy is stable ground for a lawsuit?
In a Gramscian understanding of the world it is, yes. Forget Gramsci, right now I'm finishing reading a book by Maurice Gauchet [1] (not a leftist by any means) whos's saying exactly that, i.e. that neo-liberalism is very much defined by its insistence on relying on " le juridique"
> Ce dérèglement se manifeste avant tout par la réduction de la démocratie à une logique juridique, le néolibéralisme ayant imposé une conception où le droit, érigé en garant exclusif de la liberté individuelle, relègue le politique à une fonction purement gestionnaire
automatically translated as
> This dysfunction manifests itself primarily through the reduction of democracy to a legalistic logic, as neoliberalism has imposed a conception in which the law—elevated to the status of exclusive guarantor of individual liberty—relegates the political realm to a purely managerial function.
[1] https://en.wikipedia.org/wiki/Marcel_Gauchet
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