Thank you very much Sumerian. Your message and your example, cats and rats, clearifies a lot.
This fight is much more clear in USA than in Europe and, of course, than in Japan where that fight does not exist nowadays. Let me start with a question: Who is in charge in a bank, i.e. in Citi group? its owner or its CEO? the families that control 30% (or above) of its capital with political rights? or the high executives? Who makes the big decissions? Some people might say: Owners do, they can fire executives if they want. Other people might answer: legally owners do, but in fact, executive do everything and decide everything as long as owners receive their profits. A third group of people might answer: who cares? they always agree. My answer is that it is not clear nowadays who own banks, carmakers, or any other corporation unless those that are based on founders and their families. But it is more clear in banks. And more important. They disagree because they have different interests, different goals, and different strategies. They fight for the power to make those goals come true. We should not use the word "they". Which of those two groups are "they"? As usual, this is not a fight for wealth, it is a fight for power. For the absolute power to make their goals to come true. And their goal is power. It reminds the fight in England 300 years ago between conservative landowners (rural aristocracy) and emerging capitalists (urban factory owners). Now it is a fight between capitalists (bigger shareholders) and emerging executives. 300 years ago in England some landowners became capitalists, now some capitalists become executives and some executives become capitalists, those corporations where owner and executive is the same person look more stable (Microsoft and Gates till one year ago, Berkshire and Buffet, etc.). It is not a global fight. In some countries power is clear (China, Russia). In other countries that fight is not in place (Japan, Saudia). In other economic areas (Eurozone) that fight is just starting. That fight is clear only in USA. As landowners in England 300 years, nowadays capitalists control formal institutions (Bank of England, Fed, etc.), the institutions that formally control their economy. Executives control Wall Street. Which side will support Main Street? any? Maybe this time Main Street can make a difference, maybe Main Street can create their own economy this time. This is part of the transiton phase between one civilization and the next one. Time of turbulence. China is just a spectator of that fight. Peace and best wishes. Xi Somehow this is a reply to your message, Sumerian, in Cats to eat rats, then rats to eat some cats http://groups.google.com/group/world-thread/browse_thread/thread/46e22e0fbeade876/c8194716918fbeea?hl=en#c8194716918fbeea And it continues a message I wrote long ago where I said that The corporation, as we knew it, is dead. Reform? Revolution? Or something deeper? (For Sumerian and anybody interested) http://groups.google.com/group/world-thread/browse_thread/thread/ee58bd164f23d858/46fadab36cc2089b?hl=en&lnk=gst&q=corporation+is+dead#46fadab36cc2089b --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
