Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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6 years ago

Wall Street developed the tenets of shareholder democracy archive/abolish-silicon-valley

Given this historical opportunity created by the state's war economy, corporate leaders and Wall Street developed the tenets of shareholder democracy to promote their own long-sought cultural and economic legitimacy, articulate a conservative, anti-regulatory, anticollective political agenda, and o…

—p.181 Liquidated: An Ethnography of Wall Street The Neoclassical Roots and Origin Narratives of Shareholder Value (169) by Karen Ho
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6 years ago

making the economy more efficient

[...] "Well, that is just a matter of making the economy more efficient. In the end that is good because you take people out of dead-end jobs anyway and sort of force them to find something in an industry that is growing. But, I am sure, if you are on the other side of that equation, it is a lot ha…

—p.158 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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6 years ago

asset stripping as a social good

Kedd made sense of shareholder value-led downsizings by using rationales of efficiency, long-term economic value, and the prospect of a "better" overall economy. By justifying restructuring and the breakup of companies with discourses of future excellence, Kedd not only excised worker trauma from h…

—p.157 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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6 years ago

shareholder value as a political strategy

[...] Shareholder value must be read as a political strategy to monopolize corporate control and advocate for "the demands of financial interests to reap high returns" in a very short amount of time. This logic of shareholder value imposed certain practices that "victimized the poorly protected par…

—p.156 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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6 years ago

disciplining through debt

The concept of "disciplining through debt" was popularized and widely accepted by the business community in the 1980s. What was rendered invisible by this discourse was that this debt was a mechanism through which corporate wealth was transferred from the multiple stakeholders of a corporation to a…

—p.146 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho