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Former U.S. Vice President Biden Wants an End to Shareholder Capitalism in PA Speech

Jul 10, 2020

Former U.S. Vice President Biden Wants an End to Shareholder Capitalism in PA Speech Posted on 07/10/2020 Former U.S. Vice President Joe Biden, who is running for U.S. President in 2020, gave an economic speech in Dunmore, Pennsylvania on July 9, 2020. Biden declared an “end to the era of shareholder capitalism.” Biden said, “It’s way past time to put the end to the era of shareholder capitalism. The idea the only responsibility a corporation has is its shareholders — that is simply not true, it’s an absolute farce. They have a responsibility to their workers, their community, to their country.” The former VP addressed a socially-distanced group of workers and reporters at the McGregor Industries metal works facility. Biden also discussed that he would spend US$ 400 billion on infrastructure projects, including clean energy developments. This proposed policy suggestion could fold into the Democrat’s vision of the Green New Deal. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox © 2008-2020 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization. Web Traffic

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