The Return of the Shareholder

February 24, 2009
Robert A.G. Monks

By Robert A.G. Monks: Less than two decades after Francis Fukuyama famously enshrined market-based liberal democracy as an optimal system at the “end of history,” Barack Obama used his inaugural address to warn the nation that, “without a watchful eye, the market can spin out of control.” The change in tenor from capitalist triumphalism to our current trepidation is indeed remarkable.

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