23 Things They Don’t Tell you About Capitalism (2)

Ha-Joon Chang: Companies should not be run in the interest of their owners

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Paul Jay is the CEO and Senior Editor of The Real News Network. He is an award-winning filmmaker, founder of Hot Docs! International Film Festival and was for ten years the Executive Producer of the CBC Newsworld show counterSpin.

Transcript

HA-JOON CHANG, ECONOMIST, UNIV. OF CAMBRIDGE: Thank you.

CHANG: Yeah, yeah, yeah.

JAY: Our duty is to our shareholders, they say.

CHANG: Yeah.

JAY: You tell the board. And, like, in the case of General Motors, they could have told General Motors, for example, we campaigned and got elected on a green agenda, so how about doing something about it? They never said a word [inaudible]

CHANG: No. But, I mean, you know, these people are now even not even playing by the rule of capitalism. For them, nothing affects their wealth.

End of Transcript

DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program. TRNN cannot guarantee their complete accuracy.

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