No, it's more about short-term vs. long-term thinking, about European CEOs switching from looking at dividend to looking at stock price gains, about following the US model of insane cost-cutting. *Traitor*, n. A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
So if you wonder why the dominant discourse in the business press is that France and Japan (and Germany, which I expect is in the same position) have "stagnant" or "rigid" or "unefficient" economies, remember that they are rigid and unefficient FOR THE RICH.
*Traitor*, n. A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
