Media giving corporate executives a free pass on their value extraction

By Yves Smith

“I’m a day late to get to a revealing Financial Times comment by Edward Luce, who has among other things served as Larry Summers’ speechwriter. Luce has written important articles on politics (for instance, being one of the first prominent writers to finger how Obama was served poorly by his undue reliance on a handful of long-established retainers like Valerie Jarret and David Axelrod).”…

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