New Short-Termism Papers and DC Event this Friday
November 2, 2015
By Mike Koczal
With so much attention on short-termism these days, I’m excited to announce the Roosevelt Institute’s Financialization Project is launching two papers this Friday, November 6th, in Washington DC.
The first paper is from J.W. Mason, and it is an answer to the three most common criticisms about this topic. Namely, it isn’t happening, it is happening but is great for growth, and that it may not be great but it’s appropriate and even necessary. J.W. push back on all three. (Sneak previews of his responses to the first and second issue are already floating out there.)
The second is from me, J.W. Mason and Amanda Page-Hongrajook, and it’s a ten point policy agenda to combat short-termism. The points are broad, focusing on everything from pension guarantees to regulation of stock exchanges, but story is simple: the agenda needs to focus on building countervailing power when it comes to the strength of short-term interest holders.
I’m looking forward to sharing these with you, and I hope they move the debate forward on this crucial but still understudied and underdeveloped area. To RSVP, please contact Eric Bernstein.
On Friday, November 6, please join Roosevelt Institute Fellows Mike Konczal and J.W. Mason, with keynote speaker Senator Tammy Baldwin and moderator Jim Tankersley of The Washington Post, at the National Press Club as we release two papers on corporate short–termism. Opening remarks by Senator Baldwin will be followed by a panel with Cornell University’s Lynn Stout and the AFL-CIO’s Heather Slavkin Corzo.
An Agenda to End Short–Termism
Location: National Press Club
529 14th Street Northwest, Washington, D.C.
Breakfast will be available at 8:30 a.m.,
with the program to begin promptly at 8:50 a.m.
Rising shareholder payouts and declining investment have touched off widespread concern and debate about the corporate focus on short-term profits over long-term growth. In this set of papers, Mike Konczal proposes a broad policy agenda for curbing short–termism and J.W. Mason presents new research showing the depth of the problem and addressing common critiques.
To RSVP, please contact Eric Bernstein.