Home > Uncategorized > “Quarterly capitalism” under attack.

“Quarterly capitalism” under attack.

From both Mark Carney and Hilary Clinton as described in Will Hutton’ excellent piece.

The point is a familiar one but one that is increasingly being highlighted. The public company is a fine innovation which has led to great prosperity and enterprise but focus shifted far too significantly towards the short term reward? This is described as the tyranny of the quarterly report in the USA

We can liken this to a football club. Increasingly supporters demand instant results and have little patience for longer term building. The other side of the coin is of course that as Keynes said, “in the long term we are all dead”. There has to be a balance of course but if our corporations do lose ground in the international market because of a lack of longer term thinking, then we will know where the blame lies

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