In anticipation of Hilary Clinton’s plan to discourage short-term investing by Wall Street and companies, Washington Post’s Jim Tankersley talked with Roosevelt Mike Konczal about all aspects of short-termism and how to combat it.
Konczal told Wonkblog:
Curbing short-term staples like manipulative buybacks and tax incentives for CEO pay are important, but it’s equally important to empower other long-term agents of the firm. A tax code for long-term investment does that, but so do things like giving workers more power. There [are also] solutions outside the firm, like full-employment, and within, like workers represented on boards.