Companies Should Not Be Run in the Interest of Their Owners

The video discusses the impact of free trade and capital markets post-2008 crisis, focusing on the relationship between stock markets and corporate governance. It critiques the emphasis on shareholder value, highlighting the short-term focus of modern companies due to dispersed ownership and financial deregulation. The video also examines the challenges faced by other stakeholders and the trend of profit distribution through dividends and share buybacks, which limits long-term investment and productivity development.

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