Using Surpluses to Socialize the Economy (RE: RIP, JohnMaynar d Keynes

Seth Ackerman SAckerman at FAIR.org
Fri Jan 28 12:26:37 PST 2000


Nathan Newman wrote:


> If all pension funds or social security funds do is pick stocks, you
> probably are correct, but the 1990s has seen the rise of active,
> institutional investors like CALPERS who have asserted far more discretion
> in choosing management and arguing for various kinds of social policy. It
> is limited at this point, but then the funds involved are limited.
>

CALPERS has indeed been successful in arguing for various kinds of social policy. Like layoffs, restructuring, outsourcing, etc...

Seth



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