Predatory Value Extraction: How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

This book explains how an ideology of corporate resource allocation known as ‘maximizing shareholder value’ (MSV) that emerged in the 1980s came to dominate strategic thinking in business schools and corporate boardrooms in the United States, and undermined the social foundations of sustainable prosperity, resulting in employment instability, income inequity, and slow productivity growth. By focusing on the growing imbalance between value creation and value extraction in the U.S. economy, it explores how predatory value extraction has become a central economic activity, and sets out an agenda for restoring sustainable prosperity.