I've posted a comment on this: http://anomalyuk.blogspot.com/2016/12/actually-existing-capitalism.html?showComment=1481984824951#c2939481265282141902 …https://twitter.com/anomalyuk/status/808323320668098560 …
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Replying to @tonreihe
well the reason why there are principal-agent problems is that the managers need finance, hence the owners are other people.
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Replying to @anomalyuk
I'd like a governance model that preferred investment to speculation, then.
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Replying to @tonreihe
taking out speculators has no major effect but a minor effect of reducing liquidity.
11:27 AM - 17 Dec 2016
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