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Memo to Hillary Clinton: Here's How We Really Fix American Capitalism

The Fiscal Times

I propose a far-reaching agenda to fix Quarterly Capitalism, equal to the task of shifting traderscorporate America away from an obsession with short-termism and toward creating shared productivity. These proposals are complementary and non-exclusive, but the problem of Quarterly Capitalism and short-termism is so embedded in the economy that a layered approach is needed.

An effective policy must target the trading screen obsession of money managers and institutional investors. Slowing down trading, for example by limiting high-speed, automated trading and instituting a financial transaction tax, would help.