vit_r

Under the new financial order of Il Duce and his overseas counterparts, shareholders have no rights. The new order works like this:

1. If you want to have a viable corporation, particularly in the financial sector, you need a government guarantee.

2. If you want a government guarantee, you have to accept government restrictions.

3. The government restrictions can be changed at any time. There are no rules.

Do you want to be a shareholder in that environment? Today, banks are allowed to pay dividends, but lots of people think that's not fair, given that taxpayer money is at risk. In any case, shareholders and managers can no longer determine dividend policy without at the very least wondering what Il Duce will think.

Mussolini and World Equity Markets by Arnold Kling